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SBI Business Loan Highlights |
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| Interest Rate |
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| Loan Amount | Up to Rs 500 crore |
| Loan Tenure | Up to 15 years |
Note: Interest rates as of 2nd April 2024
Table of Contents
SBI Business Loan Interest Rates
The interest rate for the SBI Business Loan starts from 9.10% p.a. The business loan interest rates offered by the lender for its business schemes are as follows:
| Particulars | Interest Rates (p.a.) |
| For SBI Business Loan for Finance to Food Processing Industry | 9.10% to 11.55% (for MCLR linked loans) and 9.20% to 11.65% (For RLLR linked loans) |
| For SBI SME Gold Loan | 9.55% |
The SBI Business Loan Interest Rates offered by the lender for most of its business loan schemes are linked to the existing EBLR (external benchmark lending rate) & MCLR (marginal cost of funds based lending rate).
Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs
| Bank/NBFCs | Interest Rate |
| Axis Bank | 10.75% p.a. onwards |
| Flexiloans | 1% per month onwards |
| HDB Financial Services Ltd. | 8% - 26% p.a. |
| HDFC Bank | 10.75% - 25% p.a. |
| IDFC First Bank | 10.50% p.a. onwards |
| Indifi | 1.50% per month onwards |
| Kotak Mahindra Bank | 16% - 26% p.a. |
| Lendingkart | 12% - 27% p.a. |
| Mcapital | 2% per month onwards |
| NeoGrowth Finance | 15% - 40% p.a. |
| Tata Capital | 12% p.a. onwards |
| UGRO Capital | 9% - 36% p.a. |
| Bajaj Finserv | 10% to 26% |
Fees and Charges for Business Loans from SBI
The fees and charges for availing SBI Business Loans are mentioned below:
SBI Asset Backed Business Loan
| Particulars | Fees and Charges |
| Processing Fees |
|
SBI Asset Backed Business Loan – Commercial Real Estate
| Particulars | Fees and Charges |
| Processing Fees | 1% of the limit subject to a maximum of Rs 10 lakh |
SBI Business Loan for Fleet Finance
| Particulars | Fees and Charges |
| Upfront fees | 1% of the loan amount |
SBI Simplified Small Business Loan
| Particulars | Fees and Charges |
| Upfront fees | Rs 7,500 plus applicable taxes (unified annual charges comprising of processing fee, documentation charges, equitable mortgage charges, commitment charges, inspection and remittance charges) |
SBI SME Smart Score Business Loan
| Particulars | Fees and Charges |
| Fees and charges | 0.40% of loan amount |
SBI SME Credit Card
| Particulars | Fees and Charges |
| Processing Fees |
|
SBI Business Loan for Finance to Food Processing Industry
| Particulars | Fees and Charges |
| Processing Fees |
|
SBI Business Loan to Business Correspondents
| Particulars | Fees and Charges |
| Processing Fees |
|
SBI Gold Loan
| Particulars | Fees and Charges |
| Processing fees |
|
| Prepayment fees | Nil |
SBI SME Car Loan
| Particulars | Fees and Charges |
| Upfront fees | 0.5% of loan amount (Rs 500 to Rs 10,000) |
SBI Business Loan for Finance to Start-ups (MSME UDAAN)
| Particulars | Fees and Charges |
| Processing charges | Nil |
| Inspection fees/Commitment charges/Prepayment charges: | Nil |
SBI Business Loan for Export Packing Credit
| Particulars | Fees and Charges |
| Processing/upfront fees | As applicable for cash credit/working capital limits |
SBI Business Loan for SME Finance of CA Firm
| Particulars | Fees and Charges |
| Upfront fees |
|
SBI SME Open Term Loan
| Particulars | Fees and Charges |
| Upfront fees | For term loans other than micro units:
|
SBI Business Loan for Warehouse Receipt Finance
| Particulars | Fees and Charges |
| Unified Charges (Includes Processing charges, Inspection charges and Facility Fees) | Up to Rs 3 lakh based on quantum of the loan |
SBI Business Loan for E-Dealer Finance
| Particulars | Fees and Charges |
| Processing/upfront fees | Rs 10,000 to Rs 30,000 |
SBI Business Loan for E-Vendor Finance
| Particulars | Fees and Charges |
| Processing/upfront fees | Rs 10,000 to Rs 50,000 |
Types of Business Loans provided by SBI
SBI Simplified Small Business Loan
Purpose: SBI Simplified Small Business Loan enables business units (engaged in manufacturing, services activities) and self-employed and professional individuals in the wholesale/retail trade) meet their working capital requirements.
Interest Rate: The interest rate for SBI Simplified Small Business Loan is linked to the EBLR, although the lender has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan Amount: Rs 25 lakh
Margin: The margin for this business loan facility is 10%, which should be offered in the form of receivable statements and stocks.
Collateral security:
- The bank requires a minimum collateral of 40% in the form of exclusive mortgage charge on land & building, mutual funds, cash equivalents like lien or charge on FD, etc. The realisable value of the immovable property used as collateral should be SARFAESI compliant.
- The lender asks for personal guarantee of all the directors or partners. However, the borrower does not need to obtain the personal guarantee of independent directors, professional directors or nominee directors.
- The borrower should submit the personal guarantee of the owner of the collateral security offered as Mortgage.
Repayment Period:
- Cash Credit: Repayable on demand or renewed annually.
- Dropline OD: Limits are sanctioned for 1 to 5 years (under reducing dropline method) including a moratorium period of up to 3 months. The limit for the dropline OD is to be renewed on an annual basis.
- The drawing power will be reduced on a monthly basis so as to have the total outstanding amount liquidated at the close of the repayment period.
- Regular transactions permitted up to the total drawing power available.
- No over-drawings to be permitted.
- The instalment due date or the dropline reduction date will be the last working day of every month.
- The borrower will make a fresh request post liquidation of the existing loan
SBI Asset Backed Business Loan
Purpose: The SBI Asset Backed Business Loan allows MSME business units (as per the MSMED Act 2006) to procure funds for purchasing current assets and fixed assets needed for capacity expansion, arranging short term working capital and shoring up the net working capital.
Interest Rate: The interest rate for SBI Asset Backed Business Loan is linked to the EBLR or 6 month MCLR, although the lender has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan Amount: Rs 20 crore (up to Rs 30 crore for cities like Mumbai and Delhi)
Loan Tenure: 1 to 10 years for dropline overdraft facility, with moratorium of up to 18 months. The interest will be serviced on a monthly basis during the moratorium period.
Loan to value (LTV) ratio: 60% of realisable value of the immovable property
Collateral security: Immovable property, compliant under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, belonging to the business unit, its proprietors, directors, partners or their near relatives.
SBI Asset Backed Business Loan – Commercial Real Estate
Purpose: The SBI Asset Backed Business Loan – Commercial Real Estate enables businesses to procure funds for their working capital needs (including pre-operative expenses) and for creating/acquiring real estate units like retail space, office buildings, industrial/warehouse space, hotels, multiplex, restaurants, amusement parks, gymnasium, cold storage, etc. with loan repayment through proceeds from lease, rental payment or asset sale.
Interest Rate: The interest rate for SBI Asset Backed Business Loan -Commercial Real Estate is linked to EBLR or 6 month MCLR, although the lender has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Above Rs 10 lakh
Maximum Loan Amount: Rs 20 crore for semi-urban centres and Rs 50 crore for metro or urban centres
Margin: 25% for both working capital and fixed assets acquisition
Loan Tenure: The loan tenure ranges between 1 to 6 years which also includes the moratorium period. If the borrower is making the repayment from the rental income, based on cash flows, the lender can sanction the loan for up to 10 years. The interest will be serviced on a monthly basis during the moratorium period.
Loan to value (LTV) ratio: 50% of realisable value for immovable property
Collateral security: Immovable property, compliant under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, belonging to the business unit, its proprietors, directors, partners or their near relatives.
SBI Surya Shakti Business Loan for Solar Finance
Purpose: SBI Surya Shakti Business Loans for Solar Finance provides finance to SMEs and businesses for installation of solar rooftop or ground mounted grid-connected systems of up to 1 MW capacity for captive use. The lender offers term loans and cash credit limits (for financing receivables).
Loan amount: Up to Rs 4 crore
Loan tenure: Up to 10 years (including moratorium of 6 months)
Margin: At least 20%
Collateral Security: Not mandatory, if the bank deems the security coverage as adequate based on their assessment.
Guarantee: Personal guarantee of promoters (proprietor, partners, directors, etc.)
SBI Construction Equipment Loan (CEL)
Purpose: The SBI Construction Equipment Loan is a line of credit that helps existing construction companies with credit ratings of SB-1 to SB-8 (new model) to finance the purchase of new machinery, vehicles for execution of construction projects or standard construction equipment. Although the repayment for the SBI Construction Equipment Loan is in monthly instalments, the lender allows for variable repayment to its borrowers based on the cash flow of their business. The lender may disburse the loan in multiple tranches, subject to the condition of minimum 10% of the total sanctioned amount for any tranche, within 1 year from the sanction date depending on requirement of machinery, equipment or vehicles within the time frame.
Interest Rate: The interest rate for SBI Construction Equipment Loan is linked to the lender’s base rate and based on the borrower’s credit rating, although the bank has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 3 crore
Minimum Loan Amount: Rs 100 crore
Loan Tenure: Up to 4 years
SBI Corporate Loan
Purpose: SBI Corporate Loan is a business loan scheme wherein the corporates with borrower rating of SB 10 and above, can avail finance by way of term loans for various purposes including shoring up their net working capital, for long term working capital requirements or for ongoing capital expenditure like replacing machinery parts, renovation, upgradation, repaying high cost debts, spending on research and development, implementing voluntary retirement scheme (VRS), etc.
Loan Tenure: Up to 10 years or useful life of the fixed asset under cover, whichever is earlier.
SBI Business Loan under Contactless Lending Platform
Purpose: The SBI Business Loan under Contactless Lending Platform is an online loan lending facility offered through PSBLoansin59Minutes. The loan facility is offered in the form of cash credit and term loan to individually managed proprietary/partnership firms or closely held private/public limited companies in the small and medium industrial and trading sector belonging to the commercial and industrial (C&I) and SIB segments. Borrowers can use this business loan facility to manage their working capital needs along with acquisition of fixed assets.
Interest Rate: SBI has linked the interest rate for SBI Business Loan under Contactless Lending Platform to both EBLR & MCLR. However, the lender has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 1 lakh
Maximum Loan Amount: Rs 5 crore
Loan Tenure:
- Working capital loan: To be renewed every year
- Term loan: Up to 7 years (excluding moratorium not exceeding 12 months)
Margin: 25% for working capital and 33% for term loans
Collateral Security: The collateral security for this loan is based on the lender’s extant norms for term loans and working capital loans.
SBI Stand Up India Business Loan
Purpose: SBI offers Stand Up India Business Loan to SC/ST and women entrepreneurs in the form of term loan and working capital facility to meet the credit requirements for setting up greenfield projects in the services, trading or the manufacturing sector.
Interest Rate: The interest rate for SBI Stand Up India Business Loan is linked to MCLR, although the lender has not disclosed the interest rates for this business loan facility.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan Amount: Rs 1 crore
Margin: The minimum margin requirement for availing is 10%. The margin for composite loans would be up to 25%, which can be reduced by converging the loan with central or state schemes
Loan Tenure: Up to 7 years (including moratorium of 18 months)
Collateral security: No collateral or third party guarantee needed as all the loans are covered under the CGSSI (Credit Guarantee Scheme for Stand-Up India) Scheme.
SBI PM Mudra Yojana Loan
Purpose: Prospective business loan applicants in the manufacturing, trading or services sector, including for allied agricultural activities can avail the PM Mudra Yojna loan from SBI for raising funds for capacity expansion and modernisation. Both existing and new business units can avail SBI PM Mudra Yojana Loan in the form of term loan, working capital or cash credit facility. The lender also issues MUDRA RuPay Card to the eligible cash credit account holders.
Interest Rate: The interest rate for PM Mudra Yojana Loan is linked to MCLR, although the bank has not disclosed the interest rate range for this business loan scheme
Maximum Loan Amount: Rs 10 lakh which is divided in the following categories:
- Shishu: Loans up to Rs.50,000
- Kishore: Loans from Rs.50,001 to Rs 5 lakh
- Tarun: Loans from Rs 5 lakh to Rs 10 lakh
Margin: The margin is 10% for loans between Rs 50,000 to Rs 10 lakh. For loans below Rs 50,000, the margin is nil.
Loan Tenure: 3 to 5 years (including moratorium of 6 months depending on the income/activity generation of the borrower.
Collateral security: No collateral security is needed for this loan as it will be covered under the Credit Guarantee for Micro Units (CGFMU) scheme. The below condition s are applicable under collateral security:
- The loans under this Scheme are guaranteed by the CGFMU, which is provided through the National Credit Guarantee Trustee Company (NCGTC).
- The guarantee cover is available for 5 years and therefore, any advances granted under this scheme is for the maximum period of 5 years.
Primary Security: Hypothecation of the plant and machinery for term loans and hypothecation of Stocks & Receivables for the cash credit facility availed under the SBI PM Mudra Yojana scheme.
SBI Business Loan for Finance to Start-ups (MSME UDAAN)
Purpose: SBI Business Loan for Finance to Start-ups (MSME UDAAN) is a term loan/working capital facility aimed at providing financial assistance to MSME Start-ups registered with or recognised by the Department of Promotion of Industry and Internal Trade (DPIIT). The loan proceeds can be used for fulfilling their requirements like prototype creation, website/product or app development, legal and consulting services, sales and marketing, hiring teams, certifications and licences, purchasing raw material and equipments, buying/leasing of office spaces and for administrative expenses.
Interest Rate: The interest rates for SBI Business Loan for Finance to Start-ups (MSME UDAAN) is based on the borrower’s internal credit rating. The lender provides 50 bps concession on interest rates to the women beneficiaries. However, the bank has not specified the interest rate range for this business loan scheme.
Maximum Loan amount: Rs 50 crore
Margin:
- For loans up to Rs 10 lakh: Nil
- For loans above Rs 10 lakh:
- Term Loan: As per the specified debt to equity ratio
- Working Capital: At least 25% on stocks & receivables
Repayment Period:
- For term loan: Up to 10 years (including moratorium of up to 3 years) or bullet repayment
- For working capital: Repayable on demand
Primary Security:
- Hypothecation of assets financed by the lender
- Hypothecation of stocks & receivables
- Charge on the Intellectual Property (IP) rights financed by the lender
- Lien or Right on all the products, copyrights, patents and results created out of finance by the lender in consultation with the enlisted law firm or the lender’s law department.
Collateral Security:
- For loans up to Rs 50 lakh: The security is covered under CGTMSE or CGSS. The borrower has to obtain tangible collateral security for at least 25% of the loan amount in case CGTMSE or CGSS coverage is not available.
- For loans above Rs 50 lakh and up to Rs 50 crore: The borrower should invest in the Alternative Investment Fund (AIF). The security for this business loan facility is covered under the CGTMSE or CGSS scheme. Borrowers should obtain tangible collateral security for minimum 25% of the loan amount if the CGTMSE or CGSS coverage is not available.
Guarantee: Personal Guarantee of all the promoters
SBI Business Loan for Warehouse Receipt Finance
Purpose: SBI Business Loan for Warehouse Receipt Finance allows manufacturers, traders or owners of goods to avail cash credit (above Rs 1 crore), working capital demand loan (WCDL) or revolving demand loan (RDL) against the warehouse receipts issued by the Collateral Managers (CM) with whom the lender has a tie-up. This business loan facility can also be availed against warehouse receipts issued by Central Warehousing Corporation (CWC) or state warehousing corporations (SWC).
Interest Rate: The interest rate for SBI Business Loan for Warehouse Receipt Finance is linked to the MCLR rates, although the lender has not disclosed the interest rate range for this business loan facility.
Margin: The margin for SBI Business Loan for Warehouse Receipt Finance is between 25% to 35% of the market price of goods depending on the warehouse facility (with or without tie-up with the lender). The lender has provided discretionary powers for concessions to the committees/authorities at the circle level.
Collateral security: Personal guarantee of directors or partners, wherever applicable
Primary Security: Hypothecation or pledging of the underlying stocks for which the Collateral Manager, CWC or SWC has issued the warehouse receipt, with the lien marked in favour of the lender.
Repayment Period:
- Working Capital Demand Loan: The lender should liquidate the loan when the borrower sells the produce during the validity period of up to 12 months.
- Cash Credit: Repayable on demand. The cash credit should be brought to the credit balance and the discretionary powers should either be reduced or made nil on expiry of the quality certificate.
- Revolving Demand Loan: The lender liquidates all the individual demand loans under the RDL facility post closure of the underlying loan and clearance of its dues. The branches should also keep a note of the due date for each warehouse receipt and ensure that they release the warehouse receipts post closure of the underlying loan & clearance of all dues owed to the lender.
SBI SME Gold Loan
Purpose: SBI SME Gold Loan is an overdraft/demand loan facility that allows existing MSME in the form of proprietor firms to avail loans against their gold ornaments or jewellery.
Interest Rate: The interest rates for SBI SME Gold Loan is 9.55% {External Benchmark Rate (EBR) + 0.40%}
Minimum Loan Amount: Above Rs 1 lakh
Maximum Loan Amount: Rs 50 lakh. The final loan amount should not exceed the value of gold.
Margin: Nil
Repayment Period: Up to 1 year
Security: Gold ornaments or jewellery of the MSME business unit
SBI SME Car Loan
Purpose: SBI SME Car Loan is a term loan facility that allows businesses, having borrowing arrangements with the lender, to finance new car purchases (except for demo cars) by SMEs. The vehicles financed include jeeps, passenger cars, sports utility vehicles (SUVs), multi utility vehicles (MUVs), etc. with petrol, diesel, compressed natural gas (CNG), hybrid or electric engines. The company’s promoters, partners, directors or employees can use the cars purchased under the SBI SME Car Loan loan facility.
Interest Rate: The interest rate for the SBI SME Car Loan is linked to the CIC score of the proprietor, partner, promoter or director and the loan tenure. However, the bank has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 1 lakh
Maximum Loan Amount: Rs 3 crore
Margin:
- Up to Rs 10 lakh: 15% off on the car’s road price
- Above Rs 10 lakh to Rs 3 crore: 20% on the car’s on-road price.
- The sanctioning authority has the discretion to reduce the margin for SBI SME Car Loan by 5% based on the loan amount
Repayment Period: Up to 5 or 7 years
Collateral Security: Nil
SBI Business Loan for Commercial Vehicles
Purpose: SBI Business Loan for Commercial Vehicles enables business units finance new commercial vehicles, electric vehicles, hybrid commercial vehicles, CNG vehicles, ambulances and caravan vehicles (specially built for purpose of travel, leisure and accommodation). Transport/tour operators, business enterprises, travel agencies, captive users, contractors, logistics providers, warehouse owners, business units in the hospitality sector and first time buyers with experience in related activities are eligible for availing SBI Business Loan for Commercial Vehicle.
Interest Rate: The interest rate for this business loan facility is linked to the EBLR, although the lender has not disclosed the final interest rate range for this business loan facility.
Minimum Loan Amount: Above Rs 10 lakh
Maximum Loan Amount: Rs 50 lakh
Margin: 15% on the on-road-price
Repayment Period:
- For Commercial Vehicle: Up to 7 years with moratorium of up to 6 months.
- For Electric Vehicle: Up to 4 years with moratorium of up to 6 months.
- The lender allows for negotiated repayment depending on cash accruals
Collateral Security: Nil. The SBI Business Loan for Commercial Vehicles is covered under the CGTMSE scheme. The borrower has to bear the guarantee fees.
SBI Healthcare Business Loan
Purpose: SBI Healthcare Business Loan is a term loan/cash credit facility offered to qualified medical practitioners for setting up their clinics. Borrowers can use the loan proceeds to expand, renovate or modernise existing premises, purchase medical equipment including ancillary equipment (including dental implants and equipment for dentists, replacements or implants for hip, knee, shoulder, spine, etc. for orthopaedics), for setting up nursing homes or hospitals, drug stores, pathology labs, centres for ayurveda, physiotherapy, yoga, acupressure and other therapy centres by collaborating with qualified and employed doctors.
Interest Rate: The interest rates for SBI Healthcare Business Loan is linked to the EBLR or 6 month MCLR, although the lender has not disclosed the final interest rate range for this business loan facility.
Minimum Loan Amount: Above Rs 10 lakh
Maximum Loan Amount: Rs 20 crore (with cash credit limit up to Rs 2 crore to meet recurring expenses)
Margin: 15% for term loan and 25% for cash credit
Repayment Period:
- Cash Credit: Renewable on an annual basis or repayable on demand.
- Term Loan: Up to 10 years including moratorium period. Maximum moratorium of 1 year (6 months in case of equipment purchases)
- The lender can customise the loan repayment based on the cash accrual of the business unit
- The interest will be serviced on a monthly basis during the moratorium period.
Collateral Security:
- For loans up to Rs 2 crore: No collateral for loans covered under the CGTMSE/CGSSI schemes. The borrower has to pay the Guarantee Fee.
- For loans above Rs 2 crore and up to Rs 20 crore: Collateral security of at least 25% for SARFAESI enabled business units.
- The partial collateral security model is applicable based on the CGTMSE guidelines for coverage under the CGTMSE scheme.
SBI Business Loan for Fleet Finance
Purpose: SBI Business Loan for Fleet Finance enables businesses to finance the purchase of new vehicles (small, light, medium, heavy commercial vehicles or passenger vehicles) like trucks, tankers, trailers, tippers, buses, luxury buses and passenger vehicles, electric/hybrid commercial vehicles, etc.
Interest Rate: The interest rate for SBI Business Loan for Fleet Finance is based on competitive pricing linked to MCLR or 6 months EBLR, although the bank has not disclosed the interest rate range for this business loan facility.
Minimum Loan Amount: Rs 50 lakh
Maximum Loan Amount: Rs 50 crore
Margin: The margins for SBI Business Loan for Fleet Finance are linked to the scoring model used by the bank :
| Particulars | Scores between 50% and 60% | Scores above 60% |
| For cost of chassis | 5% | 0% |
| For cost of body | 30% | 30% |
| For fully built model | 10% | 5% |
| Other expense (road tax + insurance + registration) | Minimum 50% | Minimum 50% |
Loan Tenure: Up to 5 years for scores between 50% to less than 60% and Up to 5 years 6 months for scores above 60%. The borrower can opt for negotiated repayment based on cash accruals.
Collateral security:
- No collateral security for loan amount of up to Rs 2 crore.
- Above Rs 2 crore: Min 20% tangible collateral including unencumbered vehicles in the existing fleet (current resale value to be taken)
- If the borrower has scored at least 60% under the scoring model, the lender does not ask for collateral security
SBI Lease Rental Discounting
Purpose: SBI Lease Rental Discounting is a term loan facility to enable the loan borrowers meet their liquidity mismatch. The prospective borrower availing SBI Lease Rental Discounting certificate should get a certificate regarding the end use of funds stating that the funds will be utilised in the usual course of business and not for speculative purposes or for real estate.
Interest Rate: The interest rate for SBI Lease Rental Discounting is linked to MCLR, although the bank has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan Amount: Rs 50 crore (for NBG) and Rs 500 crore (for MCG)
Scale of Finance: The scale of finance should be the lowest of any of the following metrics:
- 70% of the total realisable value of the mortgaged property,
- 95% of the total Net Present Value (NPV) of the net rent receivables as per the 1 yr MCLR rates,
- In case of loan amounts up to Rs 50 crore, the scale of finance should be 70% of the net rent receivable covered under loan tenure or 70% of the net rent receivable for the residual lease period including the period covered under one renewal, whichever is less.
In case of loan amounts above Rs 50 crore, the scale of finance should be 75% of the net rent receivable covered under loan tenure or 75% of the net rent receivable for the residual lease period including the period covered under the renewal clause, whichever is less.
Collateral security: The equitable mortgage on the building against rentals of which the lease rental discounting facility would be sanctioned or any other acceptable property having a similar value. The total realisable value of property that is to be mortgaged should be minimum 143% of the total loan amount under the LRD facility.
Other Conditions to be met by the borrower:
- The borrower should open an escrow account for credit of rentals against which the loan is sanctioned.
- The lender has to set up a standing instruction for transferring the EMI from the Escrow Account to Term Loan account.
- The lender will disburse the loan only after the execution and registration of Lease Deed, noting of the equitable mortgage (in states where such provision exists) and registered mortgage (in states where such provision does not exist), when the lessee occupies the premises or after the receipt of first lease rent (whichever is later).
SBI SME Smart Score Business Loan
Purpose: SBI SME Smart Score Business Loan enables MSME business units to meet any kind of credit requirements including the purchase of fixed assets
Interest Rate: The interest rate for SBI SME Smart Score Business Loan is based on competitive pricing and is linked to EBLR, although the lender has not disclosed the interest rate range for this business loan facility.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan Amount: Rs 50 lakh
Margin: 20% (working capital) and 33% (term loan)
Collateral security: There is no requirement for collateral security as all loans under this scheme are to be covered under CGTMSE (Credit Guarantee Fund Trust Fund for Micro & Small Enterprises). The guarantee fee to be borne by the borrower.
Repayment Period:
- Cash Credit: The loan is to be renewed every 2 years along with the annual review of the business entity’s performance.
- Term Loan/ Dropline OD: Up to 7 years including the moratorium not above 6 months. The annual review should be done for all loans.
SBI SME Credit Card
Purpose: SBI SME Credit Card enables MSME business units to avail meet their various credit requirements including purchasing of shops.
Interest Rate: The interest rate for SBI SME Credit Card is linked to EBLR, although the lender has not disclosed the interest rate range for this business loan facility.
Loan Amount: Up to Rs 10 lakh
Margin: Nil (for loans up to Rs 50,000) and 20% (for loans above Rs 50,000)
Collateral security: Nil. All loans to be covered under CGTMSE and guarantee fee to be borne by the borrower.
Repayment Period:
- Cash Credit: Repayable on demand with 3 year validity (subject to annual review)
- Term Loan: For loan amount of for less than Rs 5 lakh, tenure can go up to 5 years ( including moratorium period of up to 6 months. For loan amount of Rs. 5 lakhs & above, tenure can go up to 7 years ) including moratorium period of up to 1 year
SBI Business Loan for Finance to Food Processing Industry
Purpose: SBI Business Loan for Finance to Food Processing Industry is designed for units engaged in food processing industry (including fruit and vegetable processing industry, food grain milling industry, dairy products, processing of poultry and eggs, meat products, fish processing, etc.) to avail finance for managing their business operations.
Interest Rate:
- For MCLR linked loans: 9.10% to 11.55%.
- For RLLR linked loans: 9.20% to 11.65%.
The interest rate for SBI Business Loan for Finance to Food Processing Industry is based on factors like external rating, internal rating & availability of collateral security that ranges between 0.45% to 2.90% above the 1 year RLLR/MCLR rates.
SBI Business Loan to Business Correspondents
Purpose: SBI Business Loan for Business Correspondents is a specially term loan/demand loan/overdraft facility for the business correspondent of the lender. The loan proceeds can be used by the business correspondents to meet all kinds of credit requirements (general purpose).
Interest Rate: The interest rate for SBI Business Loan for Business Correspondents is linked to the EBLR (for MSMEs) and 6 months MCLR (for non-MSMEs). However, the lender has not disclosed the interest rate range for this business loan facility..
Minimum Loan Amount: Rs 25,000
Maximum Loan Amount: Rs 2.5 lakh. The loan amount should be fixed at 6 times the average commission earned in the last 1 year or Rs 2.50 lakh, whichever is lower.
Margin: Nil
Collateral security: Nil. To be covered under the Credit Guarantee Fund for Micro Units (CGFMU)
Repayment Period:
- Overdraft: 1 year (to be reviewed every year)
- Demand Loan: Up to 3 years with moratorium of 1 month
- Term Loan: Up to 5 years with moratorium of 1 month
SBI SME Marble Plus Loan
Purpose: SBI SME Marble Plus Loan enables manufacturing, processing, carving, polishing, mining and also trading units engaged with Marble, Felspar, Quartz and other Stone based products to procure funds for their working capital or capital expansion needs. The lender offers facilities like cash credit, dropline overdraft, term loan, letter of credit (LC) and bank guarantee (BG) under this business loan scheme.
Interest Rate: The interest rate for SBI SME Marble Plus Loan is linked to collateral coverage and internal rating, although the lender has not disclosed the interest rate range for this business loan scheme.
Minimum Loan Amount: Above Rs 10 lakh
Maximum Loan Amount: Up to Rs 10 crore
Margin:
- For working capital loans: 40% for receivables and 25% for stocks
- For term loan: 25%
- For letter of credit and bank guarantee: Cash margin of minimum 25%
Repayment Period: Up to 10 years (including maximum 1 year as moratorium)
Collateral Security:
- The collateral security should be at least 50% of the loan amount, in the form of tangible SARFAESI compliant non-agricultural property as collateral security, belonging to the borrower or guarantor.
- The eligible units should be covered under the CGTMSE, as per the CGTMSE guidelines.
- The lender will not extend any second charge or pari-passu charge to other bank or financial institution
SBI Arthiyas Plus
Purpose: SBI Arthiyas Plus is a business loan facility that enables Arthiyas or commission agents involved in retail trading activity, to meet their working capital requirements.
Interest Rate: The interest rate for SBI Arthiyas Plus is linked to the EBLR. However, the lender has not disclosed the interest rate range for this business loan facility.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan Amount: Rs 5 crore
Margin:
- For Receivables (up to 6 months old): 40%
- For Stocks: 30%
Repayment Period: Repayable on demand or renewable after 1 year
Collateral Security: The borrower has to pledge collateral security valued at 125% of the loan amount. SARFAESI compliant residential and commercial properties are eligible as collateral security.
SBI SME Open Term Loan
Purpose: SBI SME Open Term Loan enables business units belonging to the manufacturing and services sector (healthcare, hospitality and transportation) to avail finance for the purpose of expansion, modernization, technology up-gradation and creation of tangible assets. This loan facility allows the applicants to opt for loan disbursement, post sanction, as per their funds requirement. This facility can be availed by the borrower multiple times within the currency of sanction provided that the total utilisation amount should be within the overall sanctioned limit.
Interest Rate:
- For MSMEs: Linked to the EBLR and set as per the credit rating of the borrower.
- For Non-MSMEs: Linked to 6 months MCLR as per the credit rating of the borrower.
Minimum Loan Amount: Rs 25 lakh (the loan amount should be at least 25% of the total sanctioned limit)
Maximum Loan Amount: Rs 10 crore
Margin: 25%
Repayment Period: Up to 8 years including moratorium
Collateral Security: 125% of loan amount (only SARFAESI Compliant Commercial and Residential properties are eligible)
SBI Business Loan for SME Finance of CA Firm
Purpose: SBI SME Finance of CA Firm is a term loan/overdraft facility for CA Firms, (proprietorship or partnership) registered with the Institute of Chartered Accountants of India and currently under practice. CA Firms can use the overdraft facility for paying salaries to employees, for overheads and to cover office related expenses. The term loan facility can be used for purchasing office equipment, fixed assets, computers, fixtures, constructing office premises on promotor’s/firm’s land or self-owned land, renovating office premises and acquiring new office premises on ownership basis.
Interest Rate: The interest rate for SBI Business Loan for SME Finance of CA Firm is linked to EBLR, although the bank has not disclosed the final interest rate range for this business loan scheme.
Minimum Loan Amount: Rs 2 lakh (both for overdraft and term loan)
Maximum Loan Amount:
- For overdraft: Rs 25 lakh
- For term loan: Rs 1 crore (for Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Ahmedabad) and Rs 75 lakh (for state capitals and tier 1 cities)
Margin: Nil (for overdraft) and 25% (for term loan)
Repayment Period:
- For overdraft: Repayable on demand.
- For term loan: Up to 5 years (with moratorium period of up to 1 year).
Collateral Security:
- For overdraft: Nil
- For term loan: The collateral security for the loan will be covered under CGTMSE with the borrower paying the CGTMSE fees.
SBI Business Loan for Export Packing Credit
Purpose: SBI Business Loan for Export Packing Credit enables business units to avail funds for purchasing raw materials, for packing, processing, transportation and warehousing goods meant for export. It is a pre-shipment finance extended to the borrower as working capital. To avail this loan facility, the exporter should satisfy the following conditions:
- Existience of an export order and/or letter of credit
- The borrower liquidates the packing credit by submitting the export documents within the stipulated period.
Margin: The final percentage of margin for SBI Business Loan for Export Packing Credit is based on the nature of order, exporter’s capability, commodity, etc. subject to the RBI guidelines set for the exporters
Loan Tenure: Usually not exceeding 180 days depending on manufacturing / trade cycle or specific requirements for the individual export.
Collateral security: As applicable in case of cash credit/working capital limits
SBI Business Loan for Trade and Services Sector
Purpose: SBI Business Loans for trade and services sector can be availed by profit making corporates or other business units (surface transport operators) who own more than 10 well maintained vehicles. This business loan enables businesses to avail loans for financing new trucks, tankers, trailers, tippers, luxury buses, cars, or avail various working capital loans facilities like bill discounting (bill of finance), cash credit account for traders, term loan for acquisition of physical assets, letters of credit and bank guarantee. The lender does not allow for take over of business loans from other banks or other financial institutions.
Minimum Loan Amount: Rs 10 lakh
Maximum Loan amount: Rs 10 crore for corporates. The loan amount includes both term loans and cash credit facility. The loan amount for a term loan can go up to the on-road price of the vehicle. In case of cash credit, the loan amount can go up to 80% of the total receivables.
Loan tenure:
- For term loans: Up to 5 years with repayment starting 2 months after the disbursement of loan
- For cash credit: Repayable on demand with yearly renewal facility
Margin: 20%
Primary Security: Hypothecation of the vehicles financed and the book debts.
Collateral Security: Unencumbered vehicles or immovable properties valuing at least 25% of the loan amount and personal guarantee of promoters and 2 third-party guarantors.
SBI Business Loan for E-Dealer Finance
Purpose: SBI Business Loan for E-Dealer Finance Scheme is a cash credit facility offered to authorised exclusive dealers, stockists, distributors or franchisees of industry majors to purchase inventory by furnishing collateral security of adequate value. This facility would be offered to the authorised dealers of industry majors with whom the SBI has a tie-up for this loan facility.
Margin: Nil
Interest Rate: The interest rate for SBI Business Loan for E-Dealer Finance is linked to MCLR. However, the bank has not disclosed the interest rate range for this business loan scheme.
Loan Tenure: The credit period for the transactions can go up to 90 days. However, the facility has to be renewed each year.
Loan Amount: The limit for this facility would depend on the firm’s projected sales or past performance and limit recommended by the concerned industry major.
Collateral security: Nil or up to 50%, depending on the tie-up of the SBI with the industry major.
SBI Business Loan for E-Vendor Finance Scheme
Purpose: SBI Business Loan for E-Vendor Finance Scheme is a cash credit facility offered against receivables to the recommended vendors of reputed companies or industry majors having tie-up with the lender. There are 2 variants under this scheme, one where the vendor can avail financing against supply of goods or services to industry majors or reputed corporates and the other where the corporate or industry major can avail financing for the payment of supply received from their vendors.
Margin: Nil
Interest Rate: The interest rate for SBI Business Loan for E-Vendor Finance Scheme is linked to MCLR. However, SBI has not disclosed the interest rate range for this business loan scheme.
Loan Tenure: Based on the tenor of the receivables
Collateral security: Nil
SBI Dall Mill Plus Business Loan
Purpose: SBI Dall Mill Plus Business Loan enables MSME manufacturing units engaged in dal milling activities (except for trading units) to avail funds to fulfil their working capital needs, acquire factory building or machinery to expand/modernise their business unit, etc. The lender offers this facility in the form of term loans and working capital limits (both fund based and non-fund based facilities).
Interest Rate: Although the interest rates for the SBI Business Loan for Small Commercial Vehicle (under tie up with Mahindra and Mahindra Ltd.) is linked to EBLR, the lender has not disclosed the final interest rate range for this business loan facility.
Margin:
- For term loans: At least 25%
- For working capital: Minimum 25% for stocks and 40% for book debts with cover period of up to 90 days
Loan Amount: Up to Rs 25 crore
Repayment Period:
- For term loans: 8 years (including moratorium of 1 year)
- For working capital: Repayable on demand
Collateral Security:
- With CGTMSE Cover: All loans of up to Rs 2 crore are eligible for coverage under CGTMSE. For loans above Rs 2 crore, the coverage will be for up to Rs 2 crore under CGTMSE under the Hybrid Model (with partial collateral security). The borrower has to bear the annual CGTMSE Fee.
- Without CGTMSE Cover: The borrower/guarantor should provide an equitable mortgage of property or tangible security valued at minimum 75% of the loan amount.
SBI Business Loan Eligibility Criteria
The business loan eligibility criteria set for availing SBI Business Loans are as follows:
SBI Asset Backed Business Loans
- MSME business units (as per the MSMED Act 2006), self-employed and professional individuals.
- Existing customers of the lender who are already availing credit facilities.
- New units who offer marketable assets as security.
- Takeover of existing units, having a satisfactory track record ,based on their credit information report, from other lenders.
SBI Asset Backed Business Loans – Commercial Real Estate
- Proprietorship, partnership, company or LLPs.
- Existing customers of the lender who are already availing credit facilities.
- New units who offer marketable assets as security.
- Takeover of existing units, having a satisfactory track record (based on their credit information report), from other lenders
SBI Healthcare Business Loan
- Individuals, proprietorship/partnership firms, corporates or trusts
- The loan applicant should have a minimum 2 years of operations of the diagnostic centre, pathological lab, hospital, nursing home, etc. irrespective of constitution.
- In case of financing to Hospitals/ Nursing Homes, the promoter should have required minimum qualification in the relevant discipline; like MBBS, BDS, BHMS etc.
- Should have the required approvals/ registrations from the statutory/ regulatory authority.
- ITR is mandatory in case of all existing units operating for at least 1 financial year.
SBI SME Marble Plus Loan
- Existing or new units engaged in marble and other stone activity like manufacturing, processing, carving, polishing, mining and also trading.
- Takeover of existing units from other lenders with satisfactory track record
SBI Business Loan for Warehouse Receipt Finance
Traders, manufacturers or owners of goods having warehouse receipts issued by the Collateral Managers (CM) with whom the lender has a tie-up, central warehousing corporation (CWC) or state warehousing corporation (SWC).
SBI PM Mudra Yojana Loan
Both existing and new business enterprises in trading, manufacturing or services sector including allied agricultural activities.
SBI Stand Up India Business Loan
SC/ST and women entrepreneurs setting up greenfield projects in the services, trading or the manufacturing sector.
SBI Business Loan for SME Finance of CA Firm
- The CA firm should be registered with ICAI.
- Promotor’s Age: Minimum Age: 25 Years, Maximum Age: 65 years
- CA must have Certificate of Membership (CoM)/ Certificate of
- Practice (CoP) issued by ICAI. CoM/ CoP should be at least 5 years old.
- Minimum ITR for past 3 years should be available.
- The applicant must obtain above 60% score as per the scorecard under the scheme.
- Applicants must be registered in UDYAM portal as MSME.
- Applicants with CIC score above 650.
SBI Business Loan for Fleet Finance
- Existing Fleet Operators & Captive Users, Business Enterprises, contractors, Mine owners, Port owners/ operators/ aggregators etc.
- Minimum 3 years of experience in the transport industry and other businesses. Fleet operator having an existing fleet of minimum 10 vehicles.
- Requirement of minimum 10 new vehicles or minimum loan amount Rs.50 Lakhs
- Transport operators holding national/ state route permit and other necessary permits/licence/approval.
- Satisfactory track record with existing banks/FIs.
- Income Tax Assessee (personal & Business).
- Eligibility is linked to the scores obtained under the scoring model. Borrower has to get min 50% score under scoring model to be eligible for SBI Fleet Finance Scheme.
SBI Lease Rental Discounting
- Owners of commercial properties or residential buildings to be rented/already rented to banks, MNCs, medium & large size corporates, government offices (central and state), municipal corporations and other reputed public bodies, etc.
- However, properties leased to social infrastructure projects like schools, colleges, old age homes, hospitals, nursing homes, orphanages, etc. are not eligible for availing loans under the SBI Lease Rental Discounting scheme.
SBI Simplified Small Business Loan
- All Business units engaged in manufacturing or services activities along with self-employed and professional individuals in wholesale/retail trade.
- Existing business (with at least 3 years of business continuity) in the same area/locality. Should be owner of the premises or should have valid tenant agreement with the owner of the shop. In case of rented premises, the residual period should be minimum 3 years with at least 1 year stay at the rented/leased premises.
- Current account holder at any bank for at least 2 years (proprietorship, partnership & corporate concerns). The monthly threshold balance in the account should be at least Rs 10,000 & the minimum credit summations should be more than Rs 50 lakh during the last 1 year. The unit should be situated within a radius of 10 km from the financing branch.
SBI SME Smart Score Business Loan
- All MSME Units including Proprietorship Firm/ Partnership Firm/ Closely held public & private limited company in Small & Medium industrial, trading and service sector under SSI, C&I and SBF Segments.
- The chief promoter /chief executive should be 18 to 65 years of age
- The applicant must obtain a minimum overall score of 60% with a minimum of 50% under each sub-head like Personal Details, Business Details, Collateral Details (except in cases where collateral is not applicable, the minimum marks will be nil)
SBI SME Credit Card
- All Micro Enterprises, SSI units, SBF, Retail Traders, village industries, tiny units, professionals, self-employed, MSME Units are eligible with mandatory Udyam Registration with the MSME ministry is mandatory.
- Small Industrial Unit, Micro Enterprises, Small Retail Traders, MSME Units, Professionals & Self-Employed persons, Small Business Enterprises, Transport Operators (SRTO), Units who do not enjoy credit limit with us/ other banks at present with excellent performance and credentials may be considered.
- Scoring Model: Units which obtain a minimum of 60% score as per Scoring Model, would qualify under the product.
SBI Business Loan to Business Correspondents
- Kiosk operators or customer service providers (CSPs) engaged by business correspondents of the the lender (1 person per outlet)
- Age: 18 to 60 years
- Should be attached with the lender for at least 1 year
SBI SME Gold Loan
- MSME unit/shop (proprietorship firm only) with running activity
- The account of the MSME unit should not have NPA status
SBI SME Car Loan
MSME or Non-MSME units, having a borrowing arrangement with the lender, are eligible subject to their account not being in the SMA-1 or worse category during the last 1 year.
SBI Open Term Loan
- Existing customers having CRA rating up to SB-6/ CUE-6 and better or ECR of BBB (if available) and above.
- Existing customers for more than 5 years with satisfactory track record, i.e. the account has not slipped to category SMA-1 and below in the previous 12 months (irregular for 31 to 60 days) will also be eligible for finance under SME Open Term Loan subjected to 2) CRA rating of SB-8 / CUE-8 & better or ii) ECR of BB & above.
- Non-customers /Units not having borrowing arrangements with the lender shall not be eligible.
SBI Healthcare Business Loan
- Individuals, proprietorship/partnership firms, corporates or trusts having the power to borrow loans
- The loan applicant should have operated the pathological lab, diagnostic centre, hospital, nursing home, etc. for at least 2 years
- The promoter of the hospitals or nursing homes should at least have the minimum qualifications like MBBS, BDS, BHMS etc. in the relevant discipline
- The business unit should have the required registrations/approvals from the statutory or regulatory authority.
- ITR is mandatory for all existing units operating for minimum 1 financial year.
SBI Business Loan for Commercial Vehicle
- Transport/tour operators, business enterprises, travel agencies, captive users, contractors, logistics providers, warehouse owners, business units in the hospitality sector and first time buyers with experience in related activities
- Minimum 2 years of experience in hospitality/transport industry and other related business activities/enterprises.
- Satisfactory track record with existing lenders.
- Income Tax Assessee (both personal & business).
- The MSME business unit should be registered in the UDYAM portal and have an Udyam Registration Certificate.
- The lender may consider first time users as a special case.
SBI Business Loan for SME Finance of CA Firm
- The CA firm should be registered with ICAI.
- Promotor’s Age: 25 to 65 years
- CA must have Certificate of Membership (CoM)/ Certificate of Practice (CoP) issued by ICAI. CoM/ CoP should be at least 5 years old.
- ITR for minimum last 3 years should be available.
- The applicant must obtain above 60% score as per the scorecard under the scheme.
- The applicant must be registered in the UDYAM portal as MSME.
- Applicants with CIC score above 650.
SBI Business Loan for Fleet Finance
- Existing Fleet Operators (goods/passenger) with experience of 3 years or more in the same line.
- Fleet operator having existing fleet of minimum 10 vehicles or Requirement of minimum 10 new vehicles or minimum loan amount Rs.50 Lakhs.
- Transport operators holding national/ state route permits and other necessary permits/ licence/ approval.
- Satisfactory track record with existing banks/FIs.
- Income Tax Assessee (personal & Business)
- Borrower has to get min 50% score under scoring model to be eligible under tie-up with TMFL.
- Minimum CIBIL Score of main promoters, partners or directors should be 650.
SBI Business Loan for Finance to Start-ups (MSME UDAAN)
The Startup should be registered as MSME (with valid Udyam Registration Certificate ) and registered/recognized by DPIIT with the below characteristics:
- Public/private limited company, registered partnership, or Limited Liability Partnership (LLP).
- Age: Maximum 10 years from date of registration or incorporation
- Turnover: Up to Rs 100 crore in at least 1 financial Years after registration or incorporation.
- Working towards development, innovation, or improvement of existing products/processes/services, employment generation or wealth creation.
- Not formed by reconstructing or splitting an existing business.
- Support of recognized investors, incubators or accelerators available on the Start-up India portal.
- Equity portion of the Start-up should be fully tied-up.
SBI Arthiyas Plus
- Commission Agents or Arthias (operating in mandies or markets) who are also engaged in Retail trade with minimum experience of 3 years.
- They should have a valid licence issued by the authorised government bodies and registered with the market committee.
- The new units promoted by family members or partners of an existing firm banking with the lender can be considered as eligible for availing this business loan provided they have minimum 1 financial statement and at least 6 months of operations or data.
SBI Open Term Loan
- Existing customers having CRA rating up to SB-6/ CUE-6 and better or ECR of BBB (if available) and above.
- Existing customers for more than 5 years with satisfactory track record, i.e. the account has not slipped to category SMA-1 and below in the previous 12 months (irregular for 31 to 60 days) will also be eligible for finance under SME Open Term Loan subjected to 2) CRA rating of SB-8 / CUE-8 & better or ii) ECR of BB & above.
- Non-customers /Units not having borrowing arrangements with the lender shall not be eligible.
SBI Business Loan for SME Finance of CA Firm
- The CA firm should be registered with ICAI.
- Promotor’s Age: 25 to 65 years
- CA must have Certificate of Membership (CoM)/ Certificate of Practice (CoP) issued by ICAI. CoM/ CoP should be at least 5 years old.
- ITR for minimum last 3 years should be available.
- The applicant must obtain above 60% score as per the scorecard under the scheme.
- The applicant must be registered in the UDYAM portal as MSME.
- Applicants with CIC score above 650.
SBI Business Loan for Export Packing Credit
- Manufacturers and merchant exporters who are eligible for availing the rupee packing credit at concessional interest rates.
- Existing customers of the lender already availing credit facilities.
- New units
- Takeover of existing units, having a satisfactory track record (based on their credit information report), from other lenders
SBI Business Loan for Trade and Services Sector
- Profit making corporates/non-corporates (surface transport operators) who own more than 10 well maintained vehicles (including the proposed vehicle for which they are taking the business loan)
- Metro, urban or semi urban centres
SBI Dall Mill Plus Business Loan
- MSME Manufacturing units engaged in Dal Milling activities.(Trading units not eligible)
- The CRA rating for these units should be above the hurdle rate of SB-10.
- Profit making existing units with CUE rating of CUE-8 and better as per Project Vivek.
- Newly proposed or newly established Dal Mill units with CUE of CUE-7 and better (greenfield units)
- Track record of previous 2 years to be considered for new connections / enhancements, i.e. 2 years of continuous profit making.
- Udyam Registration Certificate (for MSME units).
Documents required for SBI Business Loan
SBI has not provided the list of documents required for business loans for its different schemes. Apart from the business loan documents for KYC verification, proof of business/residence address, income proof and proof of business continuity of the business unit, the lender may ask for additional documents from its business loan applicants based on its requirements and the loan applicant’s profile.