Business Loan for Coffee Shops

Starting a coffee shop involves significant expenses, from securing a location to purchasing equipment. Lenders on Bajaj Markets offer business loans for a coffee shop of up to ₹50 Lakhs with repayment tenures of up to 96 months to support such needs. These loans can be used for expansion, upgrades, or operational expenses. With no collateral required and a quick online process, approvals and disbursals are hassle-free. Multiple lender partnerships enable entrepreneurs to compare options and choose loans suited to their business goals.

A business loan to open a coffee shop can be utilised to address various operational and growth requirements, such as:

Setting Up a New Coffee Shop

Cover expenses for renting or purchasing a location, designing interiors, and obtaining necessary permits and licences.

Upgrading Equipment

Invest in high-quality coffee machines, grinders, refrigerators, and other essential equipment to enhance service efficiency.

Hiring Skilled Staff

Allocate funds to recruit and train baristas, chefs, and support staff, ensuring smooth operations and quality service.

Expanding the Business

Open new outlets or add more seating capacity to accommodate growing customer demand.

Marketing and Promotion

Use funds for digital marketing campaigns, local advertising, or loyalty programmes to attract and retain customers.

Inventory Management

Maintain an adequate stock of coffee beans, milk, syrups, and other essentials to ensure uninterrupted service.

Renovations and Maintenance

Upgrade the shop’s ambience or undertake necessary maintenance to keep the establishment appealing and functional.

By addressing these needs, a business loan for café helps coffee shop owners manage operations efficiently and explore growth opportunities.

Here are the key eligibility criteria to apply for a loan for a coffee shop:

• Applicants must be Indian citizens with a good CIBIL score to qualify

• Self-employed professionals and non-professionals are eligible to apply

• Applicant’s age must be between 21 and 60 years

• Partnerships, LLPs, and private limited companies are eligible entities

• A minimum of 1 year in the current business and 5 years overall experience is required

• Annual income, as per the latest ITR, must be at least ₹1.5 Lakhs

Eligibility criteria may differ by lender, so check the requirements early to prepare and improve your chances of approval.

Here are the essential documents required to apply for a coffee shop business loan:

• Identity proof such as PAN card, Aadhaar card, passport, driving licence, or Voter ID is required

• Address proof includes Aadhaar card, passport, utility bills, or a lease agreement

• Income proof involves bank statements for the last 6 months and ITR with certified copies of financial details

• Business proof can be a Sole Proprietorship Declaration, Partnership Deed, or certified Memorandum and Articles of Association.

You may also need to provide additional documents based on the lender's specific requirements.

Here is how you can apply for a business loan:

1. Click on the ‘Check Eligibility’ button on the Bajaj Markets website.

2. Fill in the online application form with your basic personal details.

3. Enter the desired loan amount and choose your preferred repayment tenure.

4. Submit the completed application form for verification.

The lender will then review your application and contact you for the next steps.