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Business Loan for Coffee Shop
If you have plans of growing your minuscule coffee shop, then you must go for our business loan for a coffee shop. Avail coffee shop financing from us and get money instantly in your bank account. We are into providing collateral-free business loans for cafes and coffee shops for fulfilling their requirements for working funds with the minimum of documents.
Majority of the traditional lending organizations like banks need security for a term loan for coffee shop business along with a list of different documents. The owners of small coffee shops cannot fulfil the loan eligibility requirements and thus face rejections when they apply for these loans. FlexiLoans provide easy credit to the coffee shop owners at customer-friendly conditions.
FlexiLoans- Get Loan Against POS for Your Coffee Shop
Coffee shops might require vendor financing or line of credit loans either for business expansion or for marketing. Coffee shops can use the money generated through such loans for buying equipment for producing top-quality coffee or for maintaining the inventory of products. The owners can effectively use the funds for getting complete information about the required inventory.
A business loan for coffee shop renovation or expansion further helps in building a loyal and solid customer base. The funds acquired can be used for creating customer-friendly settings and massive seating areas. It is also essential to promote a coffee shop in the most effective manner, and this can be done only with a proper budget in hand.
Marketing tools like loyalty cards, coupons and internet social media can all be dealt with very well by merely having funds at one’s disposal. FlexiLoans offers coffee shop business loans for up to Rs. 1 crore and helps the business owners in keeping up with expenditures and in achieving success at a breakneck pace. The different loans products that we deal in are unsecured, giving customers the flexibility of not having to provide any security for availing credit facilities.
Basic Eligibility Criteria
Minimum Business Vintage | 1 year |
Monthly Business Sales Minimum | 2,00,000 |
The Loan Availing Procedure
The process of availing funds at our portal is also very easy and will not take up a lot of time. Carrying out the whole procedure takes a minimum of three to four steps. However, borrowers need to meet the eligibility requirements and fill their business and personal details.
Applying for business loans for a coffee shop would be your final step. Simply get to our site and go through complete details provided in regards to filling in the application form.
Documents Required for Coffee Shop 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?
- Why should I avail loan via FlexiLoans?
- What documents are required to apply for a loan?
- Are there any charges other than interest rate that I have to pay to avail the loan?
- What is the lowest interest rate on a business loan for Coffee Shop?
- Is EMI service available to pay business loan for Coffee Shop?
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.What is the lowest interest rate on a business loan for Coffee Shop?
Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.Is EMI service available to pay business loan for Coffee Shop?
Yes, FlexiLoans provide an EMI facility by which you can pay back your business loan. The EMI amount will be based on your loan amount, the interest charged, and the tenure of the business loan.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.