How much get business loan based on business turnover?
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good question better luck next time
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Business turnover is not the criteria on which loan is disbursed. There are many other factors which are considered more crucial such as assets owned by the firm and capital of the firm of the firm. As sales turnover can be easily manipulated by business that's why it is closely monitored. Loan is given on the basis of future performance as it is to be repaid with future performance of the business. It is really hard to give a figure based on turnover as 2 crores is huge sale for daily products firm while negligible for a diamond firm.
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