BUSINESS LOAN FOR PHARMACEUTICALS

img

Home > Business Loan for Pharmaceuticals

Business Loan for Pharmaceuticals

The healthcare sector in India has become one of the largest industrial sectors of the country, both in terms of employment and revenue. The sector is growing at a breakneck pace because of the nation’s strengthening coverage. Another reason behind the growth of this sector is an increase in private and public expenditures. There are mainly small companies engaged in the production of pharmaceuticals in India. Both small and medium scale units operating in this field do not have the required capital for investing. They lack the funds required for buying equipment or engaging in research and development work. It is only because of this reason that it becomes essential for them to avail a business loan for pharmaceuticals.


Pharmacy Business Loan at Low Rate of Interest

FlexiLoans offers small business loans for medical stores. The funds generated through these loans can be used for buying more medicines to serve the requirements of an area. Nevertheless, there are a line of credit and term loan facilities also available for the pharmaceutical companies to purchase medical equipment, health insurance, medical devices, and other essentials.

Our vendor financing and loan against POS options help the pharmaceutical companies are using them as a medium of getting more funds. Sometimes, it can get tricky for such companies to provide adequate collaterals needed for applying for loans at the banks. In that case, our unsecured business loans for pharmacies come to their rescue.


Basic Eligibility Criteria

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

How Can a Pharmacy Loan for a Chemist be Helpful?

For SME owners across India, FlexiLoans can come as the right option for availing pharmacy loans for the chemist. Obtaining such loans gets easier with us because we have a simple loan application procedure. The only thing you need to do is provide all the documents to be verified and wait for the approval of the same. This will take a minimum of 48 hours. Once the loan is approved, you will have the amount quickly disbursed into your account.

Our pharmacy loan for chemists can be helpful in several ways. The loan amount can be used for improving business prospects or for business expansion. The amount can also be used for increasing the number of medicines and drugs that a chemist shop deals in. With better availability of drugs, people will keep coming to the store to fetch their medical requirements. This will further help the chemist store in increasing profits. At FlexiLoans, we have dedicated experts to help you out with the loan procedure.

Documents Required for Pharmaceuticals 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.

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.

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

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.