Business Loan in Uttarakhand: A complete Guide For 2025

Are you looking to start or grow a business in Uttarakhand? Whether you’re an entrepreneur in Dehradun, a shop owner in Haridwar or running a startup in Haldwani – getting a business loan in Uttarakhand is easier than you think.

In this blog, we will explain step-by-step “how to get a business loan”, which documents are required, and how to improve your chances of approval.

What is a business loan?

A business loan is a type of loan that helps you pay for things like buying stock, expanding your store, buying equipment, or running your business on a daily basis. These loans are offered by government banks, private banks, and NBFCs (non-banking financial companies).

How many types of business loans are available in Uttarakhand ?

Before applying, it’s important to understand your options.

- Term Loan – a fixed loan amount with a repayment schedule.

- Working Capital Loan – for daily operations like salaries, bills, and inventory.

- MSME Loan – for micro, small, and medium enterprises under government schemes.

- Mudra Loan – offered under the Pradhan Mantri Mudra Yojana for small business owners.

- Startup Loan – special loans for new businesses or entrepreneurs.

Documents required to apply for a business loan

To apply for a business loan in Uttarakhand, you generally need the following documents:

- PAN Card & Aadhaar Card

- Business Registration Certificate

- Address Proof (Office & Residential)

- Bank Statements (Last 6–12 months)

- Income Tax Returns (Last 2–3 years)

- GST Certificate (if applicable)

- Business Plan (for new businesses or startups)

Note: Some lenders may ask for additional documents based on the loan amount and business type.

Step-by-step process to get a business loan

1. Check eligibility

Banks check your credit score, business turnover, and history before approving a loan. Make sure:

- Your CIBIL score is 700+.

- Your business is at least 1 year old.

- You have regular monthly turnover.

2. Choose the right lender

In Uttarakhand, popular lenders include.

1. SBI, PNB, Bank of Baroda (public sector)

1. HDFC, ICICI, Axis Bank (private sector)

1. Bajaj Finserv, L&T Finance, and other NBFCs

1. Bisht Debt Solutions (Direct Selling Agent)

You can also reach out to a DSA (Direct Selling Agent) who can help compare and apply to multiple banks.

3. Submit documents

Make sure your KYC and business documents are up to date. You can apply:

1. Offline via branch

1. Online through bank websites or aggregators

1. Or with the help of a finance consultant in Uttarakhand

4. Wait for approval & disbursal

Loan approval can take 7-10 working days depending on the lender. Once approved, the money will be disbursed directly to your business account.

How to increase your chances of approval

- Maintain a clean credit history.

- File ITRs regularly.

- Avoid high credit card usage.

- Keep your documents ready and updated.

- Apply through trusted loan agents in Uttarakhand.

Need Help Applying?

If you need assistance in applying for a business loan, we can help!
Contact us today for free consultation and fast approval support.

ABC Business Club, Tagore Villa, Dehradun, Uttarakhand
+91-7417099208
bds4loans.com

How to Get a Business Loan in Uttarakhand– A Complete Guide for 2025