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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 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 via FlexiLoans?
- Why should I avail loan via FlexiLoans?
- What documents are required to apply for a loan?
- Are there any charges other than interest rate that I have to pay to avail the loan?
- How to Apply for Business Loan in Coimbatore?
- How much business loan can i get in Coimbatore?
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 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.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 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.