Regarding business loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2016
Dear Sir,
This is kranthi . Am going to apply for a Business loan of Rs 15,00,000/- but the banker is asking income tax returns and balance sheet and profit and loss account , If i want Business loan Rs 15,00,000/- how much turnover i want to show in my profit and loss account and how they will calculate the loan amount based on the turnover and please provide the calculation procedure and my business is small business. thank you
Read more at: https://www.caclubindia.com/experts/ask_query.asp
This is kranthi . Am going to apply for a Business loan of Rs 15,00,000/- but the banker is asking income tax returns and balance sheet and profit and loss account , If i want Business loan Rs 15,00,000/- how much turnover i want to show in my profit and loss account and how they will calculate the loan amount based on the turnover and please provide the calculation procedure and my business is small business. thank you
Read more at: https://www.caclubindia.com/experts/ask_query.asp
Rupesh Jain
(Expert)
31 May 2016
you are taking cash credit limit then banks normally give loan on sale 10% to 15% of the sales and also take the stock value of 50% to 70% for c/c limit. and form term loan depend on the machinery you are buying .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Capital Gail Exemption Certificate
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
