How We Get Company Loan in Dubai?

Dubai is known for its fast-paced business environment which is growing along with UAE at large in terms of services, infrastructure, world’s largest and most technologically advanced corporations. To keep this trend in the Dubai banking industry helps entrepreneurs to Get Company Loan in Dubai As UAE is considered to be the most stable country in terms of finance it provides business loans to locals as well as a foreign entrepreneurs. To Get Business Loan in Dubai you need to meet some criteria in this blog we will tell you about the complete process

What is the Eligibility Criteria to Get a Company Loan in Dubai?

Before applying for the loan you should contact your bank so that you can get the proper information for eligibility criteria. The eligibility criteria to get Company loans in Dubai of banks can be different. Here we mentioned some of the common points.

1. The applicant must be older than 21 years.
2. You must have the business account of the bank from where are you planning to apply for a loan.
3. The company should be running for at least 1 year.
4. The annual turnover of your company should not be less than 1 million dirham.

Document required for Company Loan in Dubai

Whether you run a small or large company having valid documents can make the process of getting a business loan easy. Make sure to bring both original and copies of these documents. Here is list of some of the documents required for a Company Loan in Dubai

1. Emirates ID

2. Passport and residence permit of all shareholders

3. Bank statement at least 1 year old

4. Trade license

5. VAT certificate

6. Audit reports

7. Office Ejari or Rent contract

8. Company’s employee list got from the ministry of labour

9. High volume transaction bills

The most common process to Get a Company Loan in Dubai

1. Check the Trade license 

 The first and the most important step is to check the valid trade license. Without a trade licenses are not applied for a business loan. This license is the permission given by the UAE government to do the business.

2. Collect all documents

Once the trade license is checked after that you can collect the rest of the documents. Make sure to contact the desirable bank because some banks can ask for additional documents. This step might help to get a business loan easily,

3. Choose the Bank 

When all of your documents are prepared and you fulfill all of the above-mentioned criteria then you need to choose a suitable bank for the loan for that you can take the help of Taskmaster commercial broker LLC. After that, you need to visit the bank and opt for an installment plan according to your need. After that applicant needs to fill out the loan form and submit the above-mentioned documents. In some of the cases director of the company need to visit while applying for a loan.

Why you should select Taskmaster commercial broker LLC?

Taskmaster commercial broker LLC is a Dubai-based company that offers a variety of business loan services in Dubai. Taskmaster is a company that has been providing services to companies, and the company has built a reputation for the quality of services it provides. An entrepreneur who is looking for any kind of financial service like get a Company Loan in Dubai can contact Taskmaster.

Taskmaster will offer all the options available from various banks and financial institutions, and help you choose the best option that suits your business needs. The company offers its services at an affordable rate too, so you can be sure that getting a business loan from Taskmaster is going to be an easy job.