Straight answers to common questions about business loans, our process, and working with JBFC.
What exactly does JBFC do? Are you a bank or NBFC?
No. JBFC is a registered loan advisory proprietorship firm (est. 2018). We help you find,
assess, and apply for the right business loan from the right lender. We do not lend money ourselves,
accept deposits, or act as a bank. We are specialist consultants — your single point of contact between
your business and the lending ecosystem.
Who founded JBFC and why?
JBFC was founded in 2018 to solve a single problem: businesses in India — especially
MSMEs — struggle to find the right loan, the right lender, and the right way to apply. Generic brokers and
agents don't have the credit understanding needed to truly help. JBFC exists to fill that gap.
Where are you located? Which areas do you serve?
Our office is in Thane, Maharashtra (PIN 421003). We primarily serve businesses in
Thane, Mumbai, and Navi Mumbai. Through our remote consulting process, we also serve businesses
pan-India.
Do you charge for the initial consultation?
No. Your first consultation — including preliminary eligibility assessment and product
recommendation — is completely free. There is no obligation to proceed after this. We only discuss fees if
you decide to formally engage us for end-to-end consulting.
Can you guarantee my loan will be approved?
No honest advisor can guarantee approval. What we guarantee is a thoroughly prepared
application, matched to the most suitable lenders for your profile. Final sanction is always at the
discretion of the lending institution based on their own underwriting norms. We will never promise
guaranteed results.
What is the minimum CIBIL score needed for a business loan?
Most lenders prefer a personal CIBIL score of 700+ for promoters. Some NBFCs work with
650+. Scores below this typically limit options significantly. JBFC reviews your credit position during
the free initial consultation and can advise you on steps to improve your score before applying.
How old does my business need to be?
Most bank products require 2–3 years of business vintage. Some NBFC products are
available from 1 year. Startup loans under government schemes may have more flexible criteria. JBFC
assesses your specific situation and matches you accordingly.
What is the minimum turnover or revenue required?
This varies significantly by product and lender. Some products are available from
₹10–20 lakhs turnover. Most mainstream bank products require ₹50 lakhs+. For larger ticket loans,
proportionately higher turnover is expected. JBFC will assess your specific case.
Can I get a loan if I haven't filed ITRs?
It is very difficult. Almost all lenders — banks and NBFCs — require at least 1–3 years
of filed income tax returns. If your ITRs are not filed, we strongly recommend filing them before
approaching any lender. JBFC can advise you on what specific financial documents to prepare.
I have an existing loan that is overdue. Can I still get a new loan?
An active overdue, DPD (Days Past Due), or NPA severely impacts eligibility. Most lenders
will not process a new application with an active overdue. JBFC will review your credit report and advise
whether any options exist — including restructuring or clearing the overdue first.
What is JBFC's process for helping me get a loan?
Step 1: You share your requirement (call, WhatsApp, or form). Step 2: We assess your
eligibility and recommend products. Step 3: We prepare your loan proposal and documentation. Step 4: We
submit to matched lenders and coordinate through sanction and disbursement. You have one point of contact
throughout.
How long does the entire process take?
Unsecured NBFC products: 5–15 working days. Secured bank products (LAP, term loans): 3–6
weeks. Complex corporate deals: 2–3 months. A well-prepared proposal significantly reduces delays — which
is where JBFC adds the most value.
What documents will I need to provide?
Standard requirements include: KYC of promoters (PAN, Aadhaar), business KYC (GST
certificate, registration documents), 2–3 years ITRs, 12–24 months bank statements, GST returns, existing
loan details (if any), and property documents (for secured loans). JBFC provides a customised checklist
for your specific case.
Will you submit my application to multiple lenders simultaneously?
Not without your knowledge and consent. JBFC will recommend specific lenders and share
the reasoning. We never submit mass applications blindly — because each enquiry hits your credit file. We
are strategic about which lenders to approach and in what sequence.
What is the difference between secured and unsecured business loans?
Secured loans require collateral (property, FD, or the asset being purchased). They
typically offer higher amounts and better rates. Unsecured loans need no collateral — they are approved
based on your credit profile, cash flow, and business strength. They carry higher rates and shorter
tenures but give fast access to funding.
What is CGTMSE? How does it help MSMEs?
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) is a government
scheme that provides a credit guarantee to lenders against borrower default. This enables eligible MSMEs
to access collateral-free loans. Not all lenders participate — JBFC helps identify participating lenders
and assess your eligibility.
Can I get a loan for a new business or startup?
Options are limited but exist. Mudra Loans, some government startup schemes, and select
NBFC products offer funding for newer businesses. JBFC will evaluate your situation honestly and tell you
what's realistically accessible.
What is a Loan Against Property (LAP) and how much can I get?
LAP allows you to mortgage your residential or commercial property for business
funding. Typically 50–75% of the property's market value. Tenures can extend to 10–15 years, and rates are
generally lower than unsecured products.
How does JBFC charge for its services?
JBFC charges a consulting fee for its loan facilitation services. The fee structure is
discussed and agreed upon before we begin formal engagement — never afterwards. Your initial consultation
and eligibility assessment is completely free. There are no hidden charges.
Do lenders also charge processing fees?
Yes. Most banks and NBFCs charge a processing fee at the time of sanction or
disbursement — typically 1–2% of the loan amount (varies by lender). This is paid directly to the lender,
not to JBFC. We will inform you of all lender-side charges before you proceed.
Are there any upfront charges or registration fees?
JBFC does not charge any upfront registration or retainer fees. Our fee is linked to
actual progress on your case. The exact structure depends on the type and complexity of your loan
requirement. Full transparency, always.
What if my loan is not approved?
Our fee structure accounts for this possibility. Specific terms are discussed during
engagement. JBFC is incentivised to get your loan approved — our reputation and referral-based business
depends on it. We will never pursue a case we believe has no reasonable chance of success.
Still Have Questions?
Talk to our team directly. No sales pitch — just
honest answers to help you make the right financing decision.