Generally speaking, if you plan to apply for a commercial loan, you'd better have a business license, which will be faster. In addition, if you don't have a business license, you can also apply for personal credit loans to start a business.

Conditions for applying for personal business loans:

1. has full capacity for civil conduct and is under 50 years of age.

2. Hold the industrial and commercial business license, tax registration certificate and relevant business license issued by the administrative department for industry and commerce.

3 engaged in legitimate production and business activities, the project has development potential or market competitiveness, and has the ability to repay the loan principal and interest on schedule.

4. Good credit standing, law-abiding, and no bad credit and debt records.

5. Having a fixed domicile and business premises in this institution.