Daily Tip: Apply for a business PAN if you’re legally required to have one

business PAN

Let’s talk about PAN.

A Permanent Account Number (PAN) is a ten-digit unique alphanumeric identification number issued by the Income Tax Department. Every individual and corporate taxpayer who does business in India must have a PAN. 

When you apply for an SME loan, you need to submit a colour copy of your individual and business PANs (where applicable) along with your loan application to qualify for the loan.

In India, almost all businesses except sole proprietorships must have a company PAN to do business.

Find out if you need a business PAN and how to apply for one online. 

Use CreditEnable’s technology platform to apply for a loan and know upfront what individual and business KYC and financial documents you’ll need to submit. This expedites the loan application process and you have your money in the bank fast!

Start your application today. 

Business Loans. Enabled Simply.