BUSINESS LOAN

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Business Loan in India

You require good capital for powering your small business venture. Do you agree with this? You have to because experts, over the years, have suggested taking out a business loan if small business enthusiasts do not have the capital required for giving their business the right foundation. Whether you are all prepped-up to take things to a completely new level or you are just starting out, you must ensure having sufficient cash accessible. This can best be done by going for a small business loan at FlexiLoans. 

But before taking any step further with this procedure, the most important thing you need to ponder on is figuring out the exact use of the cash. Next follows how you will be repaying the amount. In the absence of a targeted and strategic plan on how you will be using the available money, it might get very difficult for you to reap desired benefits. Hence, here are some smart ways of using the money you get through a small business loan:


  • Buying Inventory

One of the best things that small business owners can do with the money available through a business loan online is to buy inventory or improve their existing inventory. Using a loan amount for buying inventory is one good way of managing seasonal dips. It can also come as a major scope for the retailers to replenish their stock or even try out a variety of new products.

  • Managing Daily Business Expenditures

If you want all the different things and procedures within your small business to keep running smoothly, you ought to invest a lot of money and time into it. The money availed through small business loans can be used for covering the daily expenditures associated with the smooth functioning of a business. This will further help in keeping the lights on.

  • Buying Required Equipment

Almost all the small businesses require a loan for financing their hard-hitting and heavy expenditures. One of the best ways of using the amount availed through a small business loan in India is by making investments in different tools and equipment. This can help with business expansion and growth. Putting in money in the use of new and advanced technologies for making your business more appealing and instrumental for the targeted clients will give you an edge over your competitors as well.

  • Paying Off or Refinancing Debts

The cash obtained through a small business loan can even be used for debt consolidation. Paying off debts or refinancing the same early on in business can offer you a great impression amongst the creditors and even amongst probable customers. So, if you want to build credibility, then make sure to sue your funds the right way.

  • Business Promotion and Marketing

Last but not the least, using available funds in business marketing will boost sales and bring in good revenues. If you want your business to grow, you must get brand new customers for your products and services. Only getting customers will not work. Instead, you should have your focus on building a loyal customer base. This can best be done by using emails, events, social media and paid media sources. This again requires the use of money which is available to you in the form of a loan.


Types of Loan We Provide

Term Loan

If you are an offline or online retailer, manufacturer or seller looking to expand your business. Look no further beyond our Flexi-Term loans. Be it for expanding inventory to service demands during the festive season, to expand to a new online platform or general business expansion, we are an one-stop place for all your business funding needs.

We provide you quick funding with flexible repayment tenures and interest rates basis your eligibility and convenience.

Loan against POS

You are a merchant primarily operating offline and having a card machine and accept credit/debit card payment. You are looking to expand business by procuring new inventory or expanding into newer products for which you need funding. Flexi-Merchant Advance is your product for any loan amount.

We provide quick, affordable and seamless loans basis your eligibility against your card swipe transactions.

Vendor Financing

You are a vendor or a supplier to large corporates or online platforms and have multiple invoices that require your partners to pay back. You are however looking for liquidity to meet your obligations while your partners pay you back. Flexi-Invoice Financing solves this problem for you by giving you advanced funds against the invoices so that you can run your business as usual.

We provide quick and seamless loans up to 90% of your invoice amount basis eligibility.

Line of Credit

You are in a business with seasonal variations or you may need funds to meet your irregular funding requirements. Flexi-Line is the product designed for businesses like you.

We offer you a credit facility basis your eligibility which can be utilized by you as you deem right at your convenience. And you are charged only for what you utilize.


Basic Eligibility Criteria

Minimum Business Vintage 1 year
Monthly Business Sales Minimum 2,00,000

How to apply for collateral free business loans?

Step 1:

Fill the online form- This is the application form that asks for basic requirements such as the borrower’s details and the reason for the loan.

Step 2:

Upload Documents- These are documents such as PAN Card, Aadhar Card, IT returns, and Bank Statement. Many websites also offer the option of generating a credit score through the help of these documents.

Step 3:

Get Approved! Once you have submitted all the documents and the online application form, the lenders will go through them and in a few minutes approve your application if the documentation is in place! To apply for business loans and the types of business loans that suit your needs, click here.


Documents Required for Business Loan

Personal KYC PAN card
Residential Address Proof (Any One) Rent Agreement | Driving License | Voter's ID | Ration Card | Passport | Aadhar Card
Banking Last 6 months current account bank statements
Business KYC (Any One) GST Registration Certificate | Shops & Establishment Certificate | Business PAN Card

Frequently asked questions

What are the purposes for which I can get a loan via FlexiLoans?

FlexiLoans is here to provide you financial access for your business funding needs. You have to undergo simple and transparent Credit Evaluation, basic documentation before we disburse the loan. You may get loans via FlexiLoans for:
  • Expanding your business
  • Servicing regular working capital needs
  • Managing seasonal working capital requirements
  • Manage short term cash flow gaps

Why should I avail loan via FlexiLoans?

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

What documents are required to apply for a loan?

KYC document

  • - Pan card

Proof of residential address (any one)

  • - Rent Agreement
  • - Driving License
  • - Voter's ID
  • - Ration Card
  • - Passport

Banking

  • - Last 6 months of bank statement of current account

Business KYC (any one)

  • - GST Registration Certificate
  • - Shop Establishment Certificate

Financial documents (For loans greater than 20 Lakhs)

  • - 2 years Audited financials
  • - Last 2yrs ITR
  • - GST Returns of 6 months

Are there any charges other than interest rate that I have to pay to avail the loan?

We may charge processing fee to facilitate the loan towards legal and documentation charges. You may be charged penal charges for late or irregular payment behavior.

Where to apply for a small business loan?

To apply for a business loan, click on the link here. Fill the loan application and upload the documents online our team will then contact you regarding the loan.

The maximum amount of loan that I can take?

You can get an unsecured business loan up to ₹1 crore.

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

KYC document

  • - Pan card

Proof of residential address (any one)

  • - Rent Agreement
  • - Driving License
  • - Voter's ID
  • - Ration Card
  • - Passport

Banking

  • - Last 6 months of bank statement of current account

Business KYC (any one)

  • - GST Registration Certificate
  • - Shop Establishment Certificate

Financial documents (For loans greater than 20 Lakhs)

  • - 2 years Audited financials
  • - Last 2yrs ITR
  • - GST Returns of 6 months

We may charge processing fee to facilitate the loan towards legal and documentation charges.

To apply for a business loan, click on the link here. Fill the loan application and upload the documents online our team will then contact you regarding the loan.

You can get an unsecured business loan up to ₹1 crore.