The eligibility criteria for a small business loan are simple. The loans are granted against hypothecation of business assets, equipment or stock in trade. So, the quantum of the loan depends on the value of the collateral.  Your small business should be in profit for you to qualify for the loan. If you opt for an EDI or Equated Daily Instalment, you can qualify for a loan of Rs 15,000- Rs 1,00,000. In the event of an EMI-based or Equated Monthly Instalment payment, you can avail a small business loan of Rs 1,00,000 to Rs 8,00,000.