How can I get a business loan with no credit history?

While securing a business loan with no credit history can be challenging, it's not impossible. Here are some strategies:

• Leverage Government Schemes: Apply for loans under schemes like Mudra Yojana, which are designed for new businesses and don’t always require a credit history.
• Approach NBFCs and Fintech Institutions: Non-Banking Financial Companies (NBFCs) and fintech institutions may offer loans based on your business potential and cash flow, rather than credit history.
• Use Collateral: Offering collateral like property or assets can increase your chances of approval, even without a credit history.

Focus on a solid business plan and demonstrate your revenue potential to improve your chances of securing a loan.