How to get loan for restaurant business? How much can I get?
You will need to have a business proposition (plan) if you plan on approaching the bank directly. You will also have to carry other documents with you so that the bank can decide on whether to grant a loan or not.
Otherwise, you can also check your eligibility online to get a business loan. You can read more about business loans here.
Restaurant business yields good profits for which expanding a restaurant and adding the right staff and equipment is necessary.
Getting a loan from banks can be a long process, and it also requires some security in exchange of loan. Getting a Restaurant loan from nbfc’s like Lendingkart and other players offer loan without any security and the repayment tenure is longer than banks. The complete process is online and loan can be processed within a week.