Introduction to Startup Financing

Starting a business in 2024? Loanpao offers tailored financing solutions for startups in India, partnering with banks and NBFCs to provide low-interest loans, government-backed schemes like Startup India and MUDRA, and expert support to help your business grow.

Why Choose Loanpao for Startup Financing?

Loanpao’s startup loans are designed to empower entrepreneurs with:

  • Competitive Rates: Starting at 9% p.a. for eligible startups.
  • Government Support: Access to Startup India and MUDRA schemes.
  • Flexible Tenure: Repayment up to 7 years for manageable EMIs.
  • Quick Disbursal: Funds released in 5–10 days post-approval.
  • Tax Benefits: Deductions under Section 80IAC for eligible startups.

Government Schemes for Startups

Loanpao facilitates funding under these key schemes in 2024:

Scheme Details
Startup India Initiative Seed funding, tax exemptions, and simplified compliance for DPIIT-registered startups.
PM MUDRA Yojana Loans up to ₹10 lakh for micro-enterprises with minimal documentation.
Stand-Up India Loans from ₹10 lakh to ₹1 crore for SC/ST and women entrepreneurs.
Credit Guarantee Fund Trust for MSMEs Collateral-free loans up to ₹2 crore for eligible startups.

Note: Eligibility depends on business registration, turnover, and scheme-specific criteria.

Eligibility Criteria

To qualify for startup financing with Loanpao, you need:

  • Business Age: Registered startup, preferably under 5 years.
  • Turnover: Minimum ₹10 lakh p.a. or as per lender criteria.
  • Registration: DPIIT registration for Startup India benefits.
  • Credit Score: Preferably 700+ for better terms.
  • Business Plan: Detailed plan or pitch deck for loan approval.

Documents Required

Submit these for loan approval:

  • Identity Proof: Aadhaar, PAN, or Voter ID of promoters.
  • Business Proof: GST registration, Udyam registration, or DPIIT certificate.
  • Financials: 2 years’ ITR, bank statements, or audited financials.
  • Business Plan: Detailed plan with revenue projections.
  • Collateral (if applicable): Property or asset documents.

Types of Startup Loans

Loanpao offers various financing options for startups:

  • Working Capital Loan: For daily operational expenses.
  • Equipment Financing: To purchase machinery or technology.
  • Seed Funding Loan: For early-stage startups under Startup India.
  • Business Expansion Loan: To scale operations or enter new markets.
  • MUDRA Loan: Micro-loans for small-scale startups.

Benefits of Loanpao’s Startup Financing

Choosing Loanpao provides:

  • Low interest rates starting at 9% p.a.
  • Fast disbursal within 5–10 days.
  • Flexible repayment up to 7 years.
  • Access to government schemes like MUDRA and Startup India.
  • Expert guidance for documentation and compliance.

Apply for Startup Financing

Kickstart your business with Loanpao:

Frequently Asked Questions

Rates start at 9% p.a., with subsidized rates under schemes like MUDRA.

Many schemes like MUDRA and CGTMSE offer collateral-free loans up to ₹2 crore.

Loanpao ensures approval and disbursal within 5–10 days post-verification.