Saturday, 8 July 2017
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Know the Types of Businesses Qualify for a Chartered Accountant Loan?
Businesses or entities like partnerships, closely held Limited companies, Limited Liability Partnerships as well as Private Limited companies qualify for a chartered accountant loan provided the entity under consideration provides services in the aforementioned market vertical.These entities should have relevant certificates of existence (Business Proof- Certificate of Business Existence), financial documents and bank account statements of previous months.
A chartered accountant loan, as the name suggests is an unsecured loan (meaning, it does not require any collateral) for self-employed chartered accountants running any Small and Medium-sized Enterprise or a Micro, Small, and Medium Enterprise. These are classified among business loans and are also meant for consulting and practicing chartered accountants who are working in any government or private establishment.
When the business loan for a Chartered Accountant is for an individual, a certificate of practice,COP (for a period of about 4-5 years) is required by most lenders.

About Arwind Sharma
Arwind Sharma, Currently residing in Gurugram, Haryana. I work as a financial advisor with a Fintech company and have an experience of more than 7 years in personal finance. Having worked with some of the topmost financial firms in India I developed a knack for writing and sharing my knowledge to help others. If you need help or suggestions regarding matters related to finance and investment, you can connect with me on social networking platforms
applying for a small business loan
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