A business loan for machinery is a type of loan that helps manufacturers and the other business owners in acquiring the funds needed for buying more efficient and new machinery. It can further help them in meeting their business objectives. Business ventures can use equipment machinery loan as one of the essential tools for increasing their overall productivity while retaining standard operational parameters.

At FlexiLoans, we offer machinery loans without security, which means that the borrowers will not have to provide any collateral or security against the loan amount. We understand that for the small businesses, it is generally tough to arrange for the funds needed for business expansion and for meeting various other business expenditures. It is the main reason why we deal with an unsecured loan against POS and vendor financing. These financings are highly lucrative for businesses to avail more powerful machinery. This further helps them in increasing their productivity and turning higher profits from increased sales.

Main Features of Machinery Loans at FlexiLoans

We are well aware of the fact that managing and operating a manufacturing business can be very challenging. This is because the manufacturers always need to meet the increased demands for different products. Manufacturing units usually face financing deficits and are thus unable to purchase better machinery or upgrade the ones they are already using. Some of the main features of the loans available from us are:

• Our collateral-free term loan provides complete peace of mind to the borrowers as they can avail of the required funds within two to three days post-approval of their applications.
• There are no hidden charges involved in going for our line of credit loans. The interest rate at which we provide these loans is quite competitive. The borrowers are informed about the rate of interest and processing fee even before availing of the funds. Additionally, the business loan EMI calculator on our site allows them to check installments for the repayment of the loan every month.
• With us, borrowers get flexible options for repayment. We do not force them to make early payments while they also cannot extend the loan repayment tenure unnecessarily. Borrowers have the flexibility of selecting the conditions that perfectly suit them and their business venture.

The ones who are all-prepped up to optimize their productivity by using the best machinery can come to FlexiLoans. Connect with us, and we will give you an edge over your competitors.

Basic Eligibility Criteria

Documents Required for Business Loan for Machinery

Frequently asked questions