BUSINESS LOAN FOR TRADERS

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Business Loan for Traders

Traders serve as one of the most significant connections between the consumers and the manufacturers of commodities and goods. FlexiLoans’ business loan for traders has been put in place to provide trouble-free funds to the traders and for meeting financial and business requirements at the most competitive rates of interest. Firms or individuals engaged in the purchase and sale of commodities are eligible for our collateral-free business loan for traders. We are into providing fully customized solutions for retailers, wholesalers and traders.


How do the Loans from FlexiLoans Help the Traders?

With FlexiLoans’ online loan for retail traders, the ones in this field can meet all their regular business requirements like the purchase of services and products; furnishing, purchase of brand new equipment and renovation of existing business premises. Our term loan offers the finance that traders require for executing trading activities. Loan for the new trading business from FlexiLoans is specifically designed for helping the traders meet their regular expenditures without having to go through any kind of hassle.


Problems Faced by the Traders in Availing Business Loans

Majority of the lending organizations like the banks provide collateral based business loans to the traders. Small traders are not able to provide any security against the loan amount, and thus they are not able to avail the loans. Our business loans for traders available in the form of a line of credit and loan against POS come collateral-free with easy terms and conditions. There is no security needed on the part of the traders, which makes it very easy for them to avail the amount.


Basic Eligibility Criteria

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

Exceptional Features of Business Loans for Traders from FlexiLoans

First of all, one of the greatest benefits of availing business loans like invoice financing for traders at FlexiLoans is that you get the scope of going digital. The whole procedure starting from filling in the loan application form and submitting the same to getting the approval and the funds post-approval is carried out online. There is no paperwork involved, and this is what makes the loans attractive to the borrowers.

Another important feature of the loans at FlexiLoans is that we do not charge any huge amount as loan processing fee. Rates of interests are discussed with the borrowers personally while helping them get a clear understanding of the EMI amount they would have to pay at the same time.


Documents Required for Franchise  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.

How much amount can be borrowed as business loans?

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

How long does it take to get a business loan?

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.

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.