BUSINESS LOAN FOR SHOPKEEPERS

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Business Loan for Shopkeepers

A business loan for shopkeepers is one of the perfect options for the shopkeepers to arrange for additional funds. At FlexiLoans, we offer term loan to a shopkeeper, enabling the shopkeeper to take his or her small retail business to a higher level. Majority of the traditional lending organizations provide collateral business loans for shopkeepers and also require several documents to be presented on the part of the borrower. This makes it very difficult for the shopkeepers to get the loans mainly because they are unable to arrange the documents or provide collateral. In that case, they face rejections in trying to avail a retail store business loan. In such situations, FlexiLoans comes to the rescue of the shopkeepers by offering loans for departmental stores, Kirana store and various other shops and that too at the most attractive rates of interest.


FlexiLoans- Easy and Quick Shopkeeper Loan Provider

FlexiLoans’ line of credit and merchant cash advance loans available for the shopkeepers come without collateral. Such loans go a long way in helping the shopkeepers in taking their small business to greater heights of success. The eligibility criteria for availing our invoice financing loans for shopkeepers are easy to meet. The interested borrowers can check the criteria throughout the eligibility calculator. With us, you can remain assured of getting the best rates of interests on shopkeeper business loans in the market.

We are into providing shopkeeper loans at easy to meet rules and terms and conditions. Our collateral-free loans for shopkeepers are available for traders, service providers, manufacturing units, pharmacy shops, chemists and even the ones who are into selling vegetables.


Basic Eligibility Criteria

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

Why Make the Choice of FlexiLoans?

The market for shopkeeper loans is jam-packed with a large number of NBFCs offering loans to medium and small businesses. But FlexiLoans is one NBFC that stands out in this field mainly because of its online and easy loan application procedure. With us, you can remain assured of the fact that you will be receiving the desired amount at just one click of the mouse on your system.

We are into offering up to Rs. 1 crore as shopkeeper loan amount with a processing time of just 48 hours. The loan amount is disbursed soon after the loan approval, and this is what has helped us gain huge recognition in the market. Deciding on the tenure of the loan is wholly left to the borrowers. They just need to keep in mind that the longer the tenure of the loan, the lesser will be the EMI amount.


Documents Required for Shopkeepers 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.

What is the eligibility of a business loan?

Basic eligibility for a business loan is your business should be running for at least 1 year and has monthly total sales of at least ₹2,00,000

Can I apply for an MSME loan for a supermarket?

Yes, you can apply.

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.