Want to get loan for start a business

This query is : Resolved

soran singh (Querist)
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02 September 2018 Dear All,

i want to start a Bakery & confectionery business in Faridabad Haryana .
i have my own property ( name on my father).
maximum loan requirement is 10lakh.
can you any please advice step by step that how can i get a loan for start a new business.
is i need to register my bakery with registrar?
Is i need to register in GST.
what documentation require for get loan for new business.

Regards
Soran Singh
8930495693

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 September 2018 1 No need of registration with registrar.
2 No need of GST registration till your turnover cross 20 lacs.
3 Obtain licence from local authorities shop and establishment licence.
4 Open current account with Bank.
5 Apply for loan from bank against property.

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