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The financing of a business is a relatively straightforward process, if you are aware of what lenders are looking for and generally what they will and will not do. The will be looking at your credit, your experience and the sort of down payment you have and information about what sort of note the seller is willing to take back when selling you the business.

Once you decide on the business you want, a business plan on the business is essential before approaching a lender. They will want to see that you have some familiarity with the industry of the business and that you have some sort of management experience. Information on the availability of management and executives in the business that is going to stay after you buy it and so on should be included in this business plan. Also information on the training that the seller is committing to pass on with the sales of the business should be in this business plan.

If you handle these basics really well, it should be a relatively easy process to getting qualified for the funds to finance a business.

HDFC Bank Ltd has been in the business of financing the transporters since 2001. Based the banks experience and understanding of the functioning of transport segment, Working Capital Financing to transporters was launched in June 2003.

HDFC Bank provide working capital finance by way of cash credit or loans suitably structured for the transporter to fund day-to-day operations like fuel, tyre replacement, repairs, salary, maintenance, etc.

Features & Benefits:
Loan amounts from Rs 2 Lac onwards
Easy Documentation
Fast Processing    At par cheque facility
Free outstation cheque collection (non HDFC Bank location cheques will incur  a nominal charge).
Cash pick-up and delivery of up to Rs.100,000/- at a nominal cost.
Free funds transfer upto Rs 1 Crore
Internet Banking & Phone Banking Facilities
Multi-Location Banking

Documentation:
Recent Fleet List
Contract in Hand or Latest TDS certificates
Bank Statements for last 6 months for all primary accounts
Billing Details for the major Contracts
Brief history and profile of Company and its promoters
Audited Financials for last two financial years.
Latest Debtors statement with ageing analysis
Sanction Letter of an existing bank limit (if any).
Any other documents as required by the bank at a later stage.

Sources : http://www.hdfcbank.com/