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.
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!
Business Loans. Enabled Simply.