Assess sales turnover and net profit declare show in it returns details mentioned below last 3years.
F.y 17-18 sales turnover Rs:7,10,000/- and net profit declare Rs:2,90,000/-
F.y 18-19 sales turnover Rs:7,50,000/- net profit Rs:3,50,000/-
F.y.19-20 sales turnover Rs:8,00,000/- net profit Rs:3,90,000/-
Assess how much business loan eligible from bank
You are eligible for 1 lakhs to 2 lakhs as per general policies.
However there are many other factors that bank will check before approving loan limit. For instance your CIBIL score, any other loan taken by you and your financial condition.
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