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Home > Business Loan In Coimbatore

Business Loan In Coimbatore

Tamil Nadu has a jewel of a city called Coimbatore. It is a bustling city with major textile factories and is also a cultural hub of the state. It is also called the Manchester of South India. The city also boasts of being an engineering hub and has a robust healthcare and car parts manufacturing industry. The town has a community of entrepreneurs who are looking for sustainable loans to fuel industry growth. You can acquire a business loan in Coimbatore within no time, with FlexiLoans.com


Business Loan in Coimbatore can be taken by these Businesses

Businesses that have full documentation and are GST compliant have no problems securing a GST business loan in Coimbatore. Just fill the form, submit your documents, and avail the loan in a few steps.

  • You can get a small business loan in Coimbatore with just a viable business plan that shows promise. Your skills and talent will show the way.
  • IT services are in high demand as Coimbatore is slated to be one of the Smart Cities under the plan of the Central Government. It is also an export hub for textiles. E-commerce has become a huge business opportunity in the city.
  • There are SME units in the automobile parts’ manufacturing space that have flourished with business loans. Small units can take smaller loans and scale with time. 
  • The food industry also has a good base here, as the agricultural economy has a blend of both cash and food crops. Food processing has slowly become a significant industry in the MSME sector.

These are just some of the prime businesses that thrive here. You can avail an unsecured business loan in Coimbatore for these, and other businesses as well, with FlexiLoans.com.


Different Kinds of Business Loans you can avail

A business person has multitude of capital needs. There might be a need for term loan to meet operational needs, or a sizeable amount needed for inventory stocking or against the order book. These loans help to scale up business and keep the revenue rolling. 

Here are some types of loans your business could require

  • Term Loan
  • Line of credit
  • Loan against POS
  • Vendor financing

 


Basic Eligibility Criteria

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

Why Flexiloans.com?

FlexiLoans.com is the best in class for procuring a small business loan in Coimbatore.

  • The process is simple, and documentation even simpler.
  • You can apply both online and offline.
  • All charges are transparent and upfront. 
  • EMI calculation is made accessible to the loanee. 
  • You can get a loan of up to one crore if you fulfill the business loan eligibility criteria.
  • Both secure and unsecured loans are available.

Documents Required for Business Loan in Coimbatore

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 in Coimbatore 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 business loan in Coimbatore 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 in Coimbatore.

What documents are required to apply for a loan in Coimbatore?

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 in Coimbatore?

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 to Apply for Business Loan in Coimbatore?

  • Complete the application form
  • Upload your documents online
  • Our team will check your documents & evaluate your application
  • Once approved funds will be credited to your account

How much business loan can i get in Coimbatore?

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

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

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.

  • Complete the application form
  • Upload your documents online
  • Our team will check your documents & evaluate your application
  • Once approved funds will be credited to your account

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