Lendingkart Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s credit worthiness and provides other related services.

1. Phone: 07949067349 Web: Lendingkart.com
HOW TO GET A
SMALL BUSINESS
LOAN TO START A
BUSINESS

2. Phone: 07949067349 Web: Lendingkart.com
ABOUT LENDINGKART
Lendingkart Technologies
Private Limited is a fin-tech
startup in the working capital
space. The Company has
developed technology tools
based on big data analysis
which facilitates lenders to
evaluate borrower’s credit
worthiness and provides
other related services.
Lendingkart Finance Limited
(formerly Aadri Infin Limited),
is a non-deposit taking NBFC,
providing SME lending in
India. The Company aims to
transform small business lending by making it convenient for SMEs to
access credit easily. The Company uses technology and analytics
tools, analyzing thousands of data points from various data sources
to assess the creditworthiness of small businesses rapidly and
accurately.
Lendingkart Finance Limited, unlike banks and other NBFCs,do not
focus on vendor’s old records (Past Financial Statements & Income
Tax returns) to evaluate the credit risk profile of a potential client.
The NBFC focuses on the client's current year’s cash flows and
business growth. The objective is to make capital funds available at
finger tips so that entrepreneurs can focus on business instead of
worrying about gaps in their cash-flows.
We are currently based in Ahmedabad, Bangalore and Mumbai but
we serve across India.

3. Phone: 07949067349 Web: Lendingkart.com
Small Business Loan to Start a
Business
For a new entrepreneur, one of the biggest hurdles to resolve and
overcome is the need for capital. Funds are critical to any business
venture. Finding ways to raise money can sometimes become a full-
time occupation for a business owner. A business loan can be a very
important supplement to the life blood of a company.
There are many ways that startup capital can be raised. There is the
option of:

4. Phone: 07949067349 Web: Lendingkart.com
• Going for a bank (most bank offer small business loans these
days)
• Exploring and applying to non-banking financial institutions
• Using alternative methods such as crowd funding
• Approaching angel investors and venture capitalists
For most new businesses the preferred method out of above is to
apply for loans with banks and other alternative lending institutions.
How to Get a Small Business
Loan to Start a Business
As a startup or a business idea in a nascent stage, the best bet to
raise funds lies in non-banking financial institutions. It’s
recommended to direct one’s energies towards acquiring capital
from alternative lenders rather than traditional banks.
Most banks prefer to give loans to small businesses that are already
in existence as opposed to someone who is just starting out. Banks
prefer to cover risk and it’s for this reason that the documentation
and evaluation processes are long drawn and rather stringent. For a
new business, sometimes it can be difficult to meet all requirements.
This greatly affects the chances of getting the loan approved.
Coming to alternative lenders, they make the process rather hassle-
free and easy to get through. Some of the advantages that non-
financial banking institutions offer are:
• Slightly more flexible requirements and eligibility criteria

5. Phone: 07949067349 Web: Lendingkart.com
• Possibility of applying online very quickly
• Quick turnaround time on loan approvals
• Instant loan disbursement after approvals
Amongst all these the leniency on the eligibility criteria as well as
requirements are the most beneficial.
It is helpful to have lenders who will be willing to consider giving out
money to owners who may not have a detailed and long credit
history. Your top pick should be lenders who focus on your business
idea and go-to-market strategy rather than those who focus on cash
flow history. Armed with a solid a dynamic business plan, the loan
can be applied for still.

6. Phone: 07949067349 Web: Lendingkart.com
Process to get a Small
Business Loan to Start a
Business
There are different types of business loans available and depending
upon the requirement of the business, a relevant one can be sought
and applied for. Some popular options of business loan include
working capital loans, startup loans, cash advance loans etc.
The first step is to determine how much money is needed and what
it is needed for. This will go into the business plan that will be
evaluated during the loan approval process.
Once the amount has been determined, the next step is to do some
research and seek out the available options in terms of lenders in the

7. Phone: 07949067349 Web: Lendingkart.com
market. Choosing a lender is also a process that requires time and
effort. Things like credibility of the lender (reputation in the market),
interest rate being offered, support system on offer, options of how
loans can be re-paid, process of loan application etc. need to be
factored in before choosing the one(s) which would be applied for.
Once identified, the next step is to get all the required
documentation ready and up to the mark. A great business plan
which details out information about the business idea, the
profitability of the idea, the scaling plan, the vision behind the idea,
projections regarding staff and infrastructure as well as the
marketing strategy. A clear and transparent business plan goes a long
way in putting the odds in the favorable position.
The final step is to apply and go through the process.
As mentioned, the turnaround time with non-banking financial
institutions is rather quick and if all is okay, the loan should come
through within a fortnight or less.
Of course, if you have a business that is already 6 months old or
more and has a revenue of INR 12 lakhs or more, you can always
apply for a working capital loan at Lendingkart!
What do you think about this article? Please let us know in the
comments. If you need to know more about how important it is to
choose the right business loan, you can read our article here. We
have also written in detail about small business financing options in
India and you can read about it here.

8. Phone: 07949067349 Web: Lendingkart.com