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Business Loan in Dharwad

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WHY BUSINESS LOAN IN DHARWAD?

The cultural capital Dharwad also known as Dharwar is one of the prominent cities located in the northern part of the state of Karnataka. Falling second in line after the capital city Bangalore, Dharwad is the second largest city corporation in the state.  Tracing its roots long back to the era of Paleolithic times the city is home to a plethora of cultural and historical hidden charms. Ever since the 5th century, the district of Dharwad has been ruled by various renowned dynasties. In fact, it has been administrative headquarter from the past. Furthermore, this beautiful city lying in the east of majestic “Western Ghats” offers a panoramic view surrounded by numerous lakes, hills and water bodies. In the year 1961, this city was merged with the industrial city, Hubli to form the twin cities of Hubballi-Dharwad. The strategic location of the district on NH 48 connecting the major metropolitan areas  Bengaluru and Pune in north Karnataka, offers a lot of untapped market opportunities. Moreover, this cultural hub is occupied with a wide array of industrial units, estimating to be more than one lakh small and medium scale industries. Despite the availability of all favorable opportunities inconvenience to avail funds is hindering the process of nurturing business ideas.

Therefore, to help the budding entrepreneurs and small business owners to succeed in their business FlexiLoans provides quick, unsecured business loans in Dharwad.

WHY TAKING UP BUSINESS LOAN IN DHARWAD A GOOD IDEA?

Strategic Location

The region of North Karnataka is wrapped with a lot of opportunities for the business enthusiasts to explore. Moreover, the well-integrated connectivity and proximity of the district of Dharwad to major cities will aid in the easier expansion of businesses. Even the emergence with Commercial hub, Hubballi will help the SME and MSMEs gain faster growth in the market.

Exemplary opportunities

Hubballi-Dharwad is two of the prominent commercial hubs of state of Karnataka. These areas have a lot of hidden growth potential for the MSMEs. Infrastructure development industries like structural Engineering works, fabrication, Hotels and garment manufacturing have good scope for the growth in the district.  

Supportive development

Agro-based industries make a significant contribution to the economy of Dharwad. Specifically, dry farming is the backbone of the agro-based economy of the region. Furthermore, the region is witnessing a significant rise in entrepreneurship activities. Small unorganized business players are growing their traditional businesses with new technologies. Thus, settings up an agro-based business such as sheep rearing and milking have good opportunities for accelerating business growth.  

CHECK YOUR ELIGIBILITY FOR AVAILING BUSINESS LOAN IN DHARWAD

Finances for business setup and expansion can be disbursed to any Indian individual irrespective of his caste/creed/religion/gender. However, at the time of applying for a loan  borrower should fulfill the following base criteria:

  • Any self-employed individual, Private Ltd. Co. Proprietors and Partnership Firms involved in business related to manufacturing, trading or services may apply for the loan.
  • The applicant should be at least 21 years at the time of applying for the loan.
  • The business must have filed the income tax returns for the last 1 year.
  • The business must have achieved the profit for at least the past 2 years.

OBLIGATORY DOCUMENTS REQUIRED TO APPLY FOR THE BUSINESS LOAN

Following is the list of documents that are required to be produced at the time of applying for a loan:

  • Passport size photograph of the applicant.
  • PAN Card for individual, Firm or company.
  • A legitimate document serving as a proof of your identity which may include any of the following:
  • Aadhar card
  • Driving License
  • PAN Card
  • Passport
  • Voter’s ID Card

  • A valid proof of address including any of the following:
    • Aadhar card
    • Driving License
    • PAN Card
    • Passport
    • Voter’s ID Card

NOTE: No same copy of the document can be used for validating the identity and address proof.

  • Bank statement of last 6 months.
  • CA audited ITR records including computation of income, balance sheet and profit loss statement for the last 2 years.
  • Proof  of business continuation (Trade license/ITR/Establishment/ Sales Tax Certificate)
  • Other mandatory documents including Sole Prop. Declaration or Certified Copy of Partnership Deed, Certified copy of Memorandum, Articles of Association or Board resolution Certificate may also be required.

INTEREST RATES AND COMMERCIAL LOAN FEES FOR A BUSINESS LOAN IN DHARWAD

Interest rates and commercial loan fees levied on your business loan would be calculated based on the following constraints:

  • The loan amount and tenure
  • The cash flow of business
  • Profitability of business
  • Nature of business
  • The credit score of an individual or business
  • Track record of the business.

WHY PREFER FLEXILOANS RATHER THAN OTHER FINANCIERS?

We believe in making relationships, not profits. Therefore, to fulfill the financial needs of business enthusiasts FlexiLoans offers a hassle-free business loan enwrapped with the gamut of benefits. To explore our benefits read below:

  • No more worries. We demand no guarantee. We offer a 100 percent loan amount without any security.
  • We believe and value your ideas. By getting associated with us you can get your loan disbursed within 48 hours.
  • We have a completely paperless process. Fill the online application and get your credit score generated within a day.
  • We believe in transparency. No hidden charges. Fees charged as per your asset class only.
  • Powering the ideas of entrepreneurs across every hook and nook. Till date, we have covered 100 cities of India and we are still on a move to expand more.
  • No waiting in lines and no preparing for documentation. All of our procedures are customized to customer needs and are extremely simple and fast.

HOW TO APPLY FOR A BUSINESS LOAN IN DHARWAD

When looking to avail business loan then look no further than the FlexiLoans. Log onto our website and click to apply soon.


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