BUSINESS LOAN IN GOA

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Business Loan in Goa

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

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

Documents Required for Business Loan in Goa

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 are the requirements of collaterals and security for business loan in Goa?

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.

How can you find out if you qualify or are eligible for a small business loan?

You are eligible for a small business loan if your business has been running for at least 1 year and has monthly total sales of at least ₹2,00,000.

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.

We may charge processing fee to facilitate the loan towards legal and documentation charges.

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.