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Business Loan in Adilabad

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Referred as white Gold city, Adilabad is rich in cotton cultivation. The city is known for its toy making crafts. Dhokra casting is one among such metal casting crafts, which is very famous in the district. History suggest that these casting artisans lived here in this city for more than a century. Production of tribal ornaments, Zoomorphic figures, crafts reflecting the local life & culture are some of the famed crafts in Adilabad. Being one of the richest districts of telangana, Adilabad contributes more than 20% of the state’s wealth. This city is a hub for small & medium businesses and which are flourishing well. If your organization is in the pursuit of a business loan in Adilabad, Flexi Loans offer you a wide range of tailored quotes for your business. Here’s a detailed guide on how to get your business loan in Adilabad approved.

Where to Get Business Loans in Adilabad

Online Process: No hassle standing in never-ending queues. Our business loans in Adilabad features a simple online application which takes not more than 5-minutes!

Tailored Quotes: We believe that every business is unique & requires customized solution. Our business loans are tailored for every need of your venture that can aid you in fulfilling your dream.

Paperless: No stack of papers. Our business loans enable paperless process with very minimal documentation – just scan & upload.

Collateral-Free: No security needed. Our business loans are unsecured & requires no collateral or guarantor.

Transparent & Secured: We encourage data privacy & transparant loan process. Our loan disbursal process is completely secured & has no hidden fees.

How to Get Approved for  business loans in Adilabad

Type of businesses eligible for business loans Adilabad

  • an individual or a partnership firm
  • limited liability partnership firm
  • proprietary firm
  • self employed

Apart from your business type, here is the required eligibility criteria for applying a business loan with Flexi Loans.

Eligibility Criteria For business Loans in Adilabad

  • Age Limit: The applicant should be min 21 years & max. 65 years
  • Income: Business should be profit making at least for the past 1 years
  • Turnover: Rs. 200,000 p.a. should be the minimum annual income
  • Co-applicants: This is optional to the applicant, not mandatory in case of business loan

DOCUMENTS REQUIRED FOR BUSINESS LOANS IN Adilabad

Here is the basic documentation required for getting a Business Loan in Adilabad:

  • A copy of the PAN card of the person or company
  • An identity proof which might include any of Aadhar Card, Passport, Voter ID, PAN Card or Driving License
  • An Address Proof which can consist of either of Aadhar Card, Passport, Voter ID or Driving License
  • Bank statements from the last 6 months
  • ITR statement from the last year as well as audited balance sheet and P&L statement for the past 2 years
  • Cash Flow statements
  • Debt Obligations
  • Application form with a recent photograph of all co-applicants
  • Other documents as required which can include declaration of ownership, MoA, Resolutions, Power of Attorney or any other document required by the bank/NBFC or as required by the lender

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