Goa is a former Portuguese located midway down the southwest coast of India. It is one of the most popular holiday destinations of India and has been serving this port since colonial times. Boozes, bars and brothels are a big attraction here along with the palm-fringed, golden beaches of the state. The region is successful in attracting not less than two million holiday-makers every winter, and this number is quite whopping.

Affordable air travel to Goa has made it one of the major tourist packages for the Europeans along with domestic visitors. Goa is not a very expensive place to visit also in regards to hotel stays, food and shopping. Business in Goa is generally limited to all sorts of activities related to tourism, but there are various other forms of trade also carried out in the state. If you want to start a business in this beautiful place but you are falling short of the required budget, go for a business loan in Goa.

Uses of a Loan for Business in Goa

There are different types of unsecured business loans in Goa available for the people willing to start a business in this part of India. The different varieties in the category of GST business loan in Goa include term loan, line of credit, merchant cash advance and invoice financing. You can get all these loans from Flexiloans, a company that excels in the provision of small business loan in Goa.

Working capital funding is a type of loan that helps businesses in funding their short-term or regular operations. Such loans can effectively be used for several purposes which include:

• Purchasing inventory
• Procuring raw materials
• Paying suppliers
• Paying for different overhead expenditures like rent, electricity and salaries.
• Financing blocked payments that are yet to come from the debtors.
• Maintaining healthy cash levels.

Medium and small-scale enterprises generally require these loans. They also work for cyclical or seasonal businesses without stable or sustained sales throughout the year. Such loans can also prove to be highly beneficial for businesses that require liquidity or cash in hand for meeting their regular operational expenditures.

All those individuals who often wonder how to get business loan in Goa can always come to Flexiloans to get their problems solved.

Basic Eligibility Criteria

Documents Required for Business Loan in Goa

Frequently asked questions