India, Aug. 15 -- The following are key features of a business loan:

Lenders often keep the process simple, requiring only a few documents to verify your identity, business income, and account activity. Many institutions also offer online applications where you can complete the process digitally and track your loan status.

Loans are typically structured to meet different requirements, such as purchasing inventory, handling seasonal expenses, or investing in growth plans. This makes it easier for business owners to borrow what they need without overextending their finances.

You may be eligible for loans of up to Rs.1 crore without offering any form of collateral. This is particularly helpful for business owners who may not own large ass...