Get Business Loan

If you are a business owner or entrepreneur in Bangladesh, you might be looking for ways to finance your business growth, expansion, or innovation. Whether you need working capital, fixed assets, commercial space, or equipment, there are various options for getting a business loan in Bangladesh. However, getting a business loan is not always easy, as you need to meet certain criteria, prepare a solid business plan, and choose the right lender and loan product for your needs.

How to Get a Business Loan in Bangladesh in 2023

In this article, we will guide you through the steps and tips on how to get a business loan in Bangladesh in 2023.

Step 1: Assess Your Business Needs and Eligibility

The first step to getting a business loan is to assess your business needs and eligibility. You should have a clear and realistic idea of how much money you need and what you will use it for. You should also have a detailed business plan that shows how you will generate revenue and profit from the loan. Your business plan should include:

  • An executive summary that summarizes your business idea, goals, market, competitive advantage, and financial projections
  • A market analysis that describes your target customers, competitors, industry trends, opportunities, and challenges
  • A marketing plan that outlines your pricing, promotion, distribution, and sales strategies
  • An operational plan that describes your business location, facilities, equipment, suppliers, staff, and management
  • A financial plan that includes your income statement, balance sheet, cash flow statement, break-even analysis, and sensitivity analysis
  • A risk analysis that identifies the potential risks and uncertainties that may affect your business performance and how you plan to mitigate them

You should also check your eligibility for different types of loans and lenders. Different lenders have different criteria for approving loans, such as:

  • Your personal and business credit scores
  • Your personal and business income and expenses
  • Your personal and business assets and liabilities
  • Your personal and business tax returns and bank statements
  • Your personal and business collateral and guarantees
  • Your personal and business legal documents and licenses

You should review your credit reports from the major credit bureaus (AAA, Trans Union, and Equifax) and fix any errors or discrepancies. You should also improve your credit score by paying your bills on time, reducing your debt-to-income ratio, avoiding applying for too many loans or credit cards, and monitoring your credit activity.

You should also compare different loan products and lenders based on factors such as:

  • The loan amount
  • The interest rate
  • The loan term
  • The repayment schedule
  • The fees and charges
  • The collateral and guarantee requirements
  • The application process and approval time

You should choose the loan product and lender that best suit your business needs and goals.

Step 2: Prepare Your Loan Application and Documents

The second step to getting a business loan is to prepare your loan application and documents. You should fill out the loan application form with accurate and complete information about yourself and your business. You should also gather all the required documents that support your application, such as:

  • Your personal and business identification documents (such as national ID card, passport, trade license)
  • Your personal and business tax returns and bank statements (for at least the last two years)
  • Your personal and business financial statements (such as income statement, balance sheet, cash flow statement)
  • Your personal and business collateral and guarantee documents (such as land title, building lease, machinery invoice, and insurance policy)
  • Your detailed business plan (as mentioned above)

You should also prepare a loan proposal that summarizes your loan request, purpose, amount, term, repayment plan, and expected benefits. You should also highlight your strengths, achievements, and competitive edge as a borrower.

You should review your application and documents carefully before submitting them to the lender. You should also make copies of everything for your own records.

Step 3: Submit Your Loan Application and Negotiate the Terms

The third step to getting a business loan is to submit your loan application and negotiate the terms. You should submit your application and documents to the lender of your choice, either online or in person. You should follow up with the lender regularly and provide any additional information or clarification they may request.

You should also negotiate the terms of the loan with the lender, such as the interest rate, duration, frequency, and penalties of the repayment. You should try to get the best deal possible for your business situation and goals. You should also ask for any discounts, waivers, or incentives that the lender may offer.

You should also read the loan agreement carefully before signing it. You should understand all the terms and conditions of the loan, including the rights and obligations of both parties. You should also check for any hidden fees or charges that may apply.

Step 4: Receive Your Loan Funds and Repay the Loan

The final step to getting a business loan is to receive your loan funds and repay the loan. You should receive your loan funds either through a bank transfer or a check within a few days or weeks of approval. You should use the loan funds only for the intended purpose and keep track of your spending and receipts.

You should also repay the loan on time and in full according to the agreed schedule. You should make regular payments either through a bank transfer, a check, or a direct debit. You should also keep track of your payments and balances.

You should also monitor your business performance and cash flow and adjust your budget and plan accordingly. You should also communicate with the lender if you face any difficulties or changes in your business situation that may affect your repayment ability. You should also seek help from a financial advisor or a debt counselor if you need it.


Getting a business loan in Bangladesh in 2023 can be challenging, but not impossible. By following these steps and tips, you can increase your chances of getting approved and getting the best terms for your business needs and goals. A business loan can help you grow and expand your business, but it also comes with responsibilities and risks. Therefore, you should be careful and prudent in borrowing and repaying money for your business.

About Rashed zaman

I'm Rasheduzzaman Shamim. I interested in blogging. I also the local newspaper reporter. That's it. Thanks for reading my bd job vacancy Circular, BD Result Provider Post.