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Business Loan in Bilaspur

The city of Bilaspur is approximately 400 years old. The name “Bilaspur” comes from “Bilasa”- the name of a Fisher-woman. The city is surrounded by the Anuppur district in Madhya Pradesh., Korea district in Chhattisgarh, Kabirdham and Mungeli districts in Chhattisgarh west and the Janjgir and Champa districts in Chhattisgarh east. Bilaspur has witnessed several natural calamities in the past. But still, the city has out in its best efforts in developing itself and has been successful in this mission to a considerable extent.

The city is widely popular for its highly aromatic rice called Doobraj rice. It is also known for its handloom woven soft Kosa silk sarees available in varied colours. Hence, it can rightly be said that there are huge scopes of doing business in Bilaspur.

Sources for GST Business Loan in Bilaspur

If you are looking for the right source for a loan for business in Bilaspur, then FlexiLoans can help you out. Monetary requirements or financial emergencies can take place almost any time in business. MSMEs or Micro, Small and Medium Enterprises, whether they are small or big, require monetary funds for covering expenditures of regular business operations. For overcoming adverse situations, the businesses generally go for a term loan.

We are quite competent at offering vendor financing and loan against POS at rates of interest that are more affordable than the ones available from the other companies. Our line of credit loans can fulfill the financial needs of business owners, self-employed individuals and companies.

Account receivables expense agencies allow cash collateralized by the outstanding statements of a business. This way, businesses are offered a good way of putting in more finances into their companies directly. FlexiLoans’ small business loan in Bilaspur available as vendor financing can help businesses in getting active advance by around 85% of the total amount of their invoice or outstanding statements with the majority of the other 15% paid to them in the future.

So, the next time you think about how to get business loan in Bilaspur, come straight to us.

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Basic Eligibility Criteria

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

Documents Required for Business Loan in Bilaspur

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 minimum turnover requirement to get a business loan in Bilaspur?

Monthly total sales of at least ₹2,00,000 are required to get a business loan in Bilaspur.

Why will a person opt for an unsecured business loan?

In an unsecured business loan, you do not need collateral you can get a business loan only on the basis of your business performance. Therefore it's less risky and hassle free.