A Business Loan is a type of financing provided by banks or financial institutions to entrepreneurs and businesses for various purposes such as business expansion, working capital, equipment purchase, or other operational needs.

Eligibility criteria typically include factors such as the business's financial stability, creditworthiness, business plan, years in operation, annual turnover, and the borrower's personal credit history.

The amount of funding you can get through a Business Loan depends on factors such as your business's financial health, collateral (if any), loan purpose, and the lender's assessment. Business Loans can range from small amounts to substantial sums based on your needs and eligibility.

Commonly required documents include business registration documents, financial statements (profit and loss statement, balance sheet), business plan, income tax returns, bank statements, identity proof, and address proof of the business owner(s).

Interest rates and repayment terms vary based on the lender, loan amount, tenure, and your credit profile. Business Loans may have fixed or variable interest rates, with repayment periods typically ranging from 1 to 5 years or longer, depending on the loan type and purpose.

The approval time for a Business Loan can vary from a few days to a few weeks, depending on the lender's processes, the completeness of your application, and the complexity of your business's financial situation.