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Home > Business Loan for Women

Business Loan For Women

India has one of the most diverse startup ecosystems in the world. As a developing economy, India offers numerous opportunities, and the country's potential growth attracts many foreign firms. Although men dominated the field of startups and innovation in the past, a growing array of women entrepreneurs is emerging.

Many women are abandoning their high-paying jobs, while others are expanding their household limits to develop their entrepreneurial skills and eventually start a profitable business. A significant factor contributing to the increase in the number of female entrepreneurs is the accessibility to business loans.

Women entrepreneurs are setting the standard for profitable business projects worldwide. They assert that women are born leaders and often demonstrate their distinct management styles.

At FlexiLoans, we provide instant business loan to women entrepreneurs and help them in reaching new heights. We deliver a range of benefits to women entrepreneurs and work efficiently to meet their financial needs so that a lack of capital does not affect their growth. 

The whole method of lending is dependent on concrete evidence and an enterprise's financial wellbeing. The entire process is dependable, fast, and flexible, allowing customised loans conditions for specific companies.


Features of Small Business Loan for Women

Our innovative new business loan for women are designed to assist businesses in accomplishing their business objectives. We are the only ones who understand your business's needs, hence why our loans are designed to maximise the benefits.

  • Quick processing

Your loan will be approved within 3 business days with us due to our expedited disbursement process. You can comfortably obtain a loan of up to Rs 10 crores. We make every effort to minimise the time necessary to implement the loan and also to ensure that it is made accessible within the specified period.

  • Repayment Options

Business loans now come with a range of repayment options. Lenders are normally cognizant of the challenges involved in small business operations. Nonetheless, they have flexible terms and conditions. They can allow for a fluctuation in the EMI based on the financial condition of the company and also bullet payments for periodic payments.

  • Credit Score

FlexiLoans loans are ideal for boosting your business's credit score, and we monitor loan activity to all three major credit bureaus. Furthermore, a business loan from FlexiLoans is especially beneficial for companies that have recently seen their credit score decline due to unforeseen market conditions.

  • Unsecured Business Loans for Women

FlexiLoans business loans do not need collateral and do not adversely affect your valuable savings. You are not expected to procure and pledge collateral to access funding for your company. Our collateral-free business loan for woman entrepreneurs makes it possible for any small business to raise funds for working capital requirements.

  • Minimum Documents Required

One of our prime advantages is that we need minimal documentation to accept a loan application. As a result, you would not be required to provide extensive paperwork to secure a business loan from us. Also, since we offer business loans without requiring equity, no asset or collateral papers are needed as well. Electronic uploading of documents for business loans is possible.

FlexiLoans has developed a variety of financial schemes to provide business loans for women in establishing a company from the ground up or expanding an established unit; there are many schemes and loan solutions available.


Benefits of Flexiloan's Business Loan for Women in India

  • Unbiased loan approval

At FlexiLoans, we trust in the nation's and person's economic growth without resorting to stigmas based on gender and race. Our submission, certification, validation, and disbursement processes are entirely dependent on your entrepreneurial capacity. If a bank or non-bank financial company (NBFC) declines to approve your business loan for any of the above purposes, you can apply with us and get a fast business loan approval.

  • Ownership

It allows you to maintain ownership of your business and safeguard your precious assets. Since our loans are unsecured, you don't have to provide collateral to qualify, and, unlike other invoice lending lenders and banks, we do not intervene with your business's operations in any way. As a result, you are still in charge of your company.

  • Minimizing cash-flow risks

Additionally, FlexiLoans business loans allow women entrepreneurs to mitigate risk related to cash volatility. This is particularly true for small and medium-sized enterprises (SMEs) and startup ventures. A business loan helps you organise your operating capital fund while you begin to develop your client base and pursue capital formation.

  • Gain eligibility for increased funding

FlexiLoans records all of your payments to several credit bureaus, thus establishing your business's reputation and goodwill with leading investors and lenders. Which would, in turn, increase the chances of obtaining additional financing or commercial collaboration opportunities for your fledgeling business.

  • Reliability

In the current Indian economic climate, running a company can be challenging. There will be instances when funds are limited due to the seasonality of demand and various other factors. Obtaining a business loan is simple and easy. The loan amount is disbursed quickly, and the paperwork required is limited. The approval period is very short; certain firms, such as FlexiLoans, have approval periods as low as 24 hours.


Steps to Apply for Business Loan for Women Entrepreneurs

  • Online Application

Visit the FlexiLoans website and complete the application process by entering all necessary details accurately. FlexiLoans will use this information to determine your business loan eligibility.

  • Online submission of required documents

Upload all necessary documentation, including identification documents, current account bank statements, and business identification papers.

  • Credit Analysis

We'll evaluate the business's performance and operations to determine the amount of money you're willing to borrow and the applicable business loan interest rates. Our loan officers will assist you in comprehending the offer and making an informed choice.

  • Loan Disbursement

After checking the paperwork and accepting the loan, FlexiLoans will exchange the loan agreement. Within 48 hours of signing the contract, funds are transferred to the applicant's account.

Flexiloans’s Eligibility Criteria for Business Loan for Women

FlexiLoans has simplified its eligibility conditions to the bare minimum to expedite the processing of a business loan for women. We don't ask for a lot of documentation or papers that can slow down the loan approval process.

  • An individual must be 21 years of age when applying for the loan and not more than 65.
  • Business loans are available to individual corporations, sole proprietors, and private companies involved in trading, production, or services.
  • The applicant must have worked in the industry for three years and have at least five years of experience.
  • Offers business loans to those businesses that have been running for at least a year and have monthly total sales of at least ₹2,00,000.
  • If the company has been in service for more than 3 years, you can apply for business loan.
  • We would also ensure that there are no errors in previous accounts and, as such, the company is tax compliant.

Documents Required for Business Loan for Women

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

Different Business Loan Options for Women Entrepreneurs

Business capital not only assists women entrepreneurs in developing their businesses by streamlining manufacturing processes, eliminating cash-flow disruptions, and extending into new markets, it also addresses a number of the common drawbacks faced by female entrepreneurs in India. This is how FlexiLoans provide loans for women to start a business to overcome social and economic norms.

However, loans for women entrepreneurs in India have risen to prominence in recent years. Women are also leaving well-compensated careers to develop their leadership and entrepreneurial abilities. Several women adding to the startup industry is the fast availability of startup business loan for women in India.

These loans offer several advantages, including low interest rates, limited paperwork, no leverage, and extended maturity terms. The loans are intended to assist women in achieving financial and economic independence.


Different Types of Small Business Loans for Women

  • Small Business Finance

Numerous financial institutions are also offering a variety of different kinds of small business or SME loans. While the majority of such loans are accessible only to established companies, some lenders do provide startup business loans for women as well. For example, a common method of financing small to medium-sized women entrepreneurs is the LOC or Line of Credit.

The lender can determine the overall LOC number based on the applicant's qualifications. You will then take funds from the lender up to the credit cap set by the lender. When paying back the loan, interest would be charged on the portion of the credit limit that was already used, not on the full credit limit. This choice is available to all new and current companies.

Lenders are usually very strict when it comes to the qualifications of the borrowers. So, make sure that you carefully review the eligibility criteria of the lender before applying. Additionally, you would be required to have some personal and business-related documentation to obtain a business loan online. Even your credit score will be reviewed closely to assess your qualifications.

  • Commercial Business Loans

If you need an immediate business loan, you might want to seek commercial business loans. These loans are often best for medium-sized companies seeking to increase their operations and provide a larger loan than SME loans typically have. This form of women-owned business loan doesn't even need collateral, and some lenders even provide an immediate online application and approval process.

They are often available to companies that have been in operation for at least one year and possess legitimate business documentation. Additionally, you will be expected to send a current account statement for at least one year to the lender to demonstrate that you are operating a profitable enterprise. You should also evaluate your requirements with FlexiLoans as they provide loans for ladies for business and get the best advice.

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 are the documents required for getting a business loan for women?

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.

Can women get small business loan without collateral?

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.

What is the interest rate for business loan for women?

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

What is the interest rate for business loan for women?

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

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.