BUSINESS LOAN IN KARNATAKA

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Business Loan in Karnataka

Karnataka is a state of Southern part of India with the fourth-highest income per capita. Bengaluru, its capital city, is the Silicon Valley of India as it is the hub of software companies. 

World’s top companies like Google, Amazon, Flipkart, Tata consultancy Services have offices along with the mid-sized companies and IT start-ups. Apart from IT, tourism and education are the other major sectors of business. It is the dream place of the students as it has the highest number of colleges in the country, and they will have a diverse career after completion of studies.

For aspiring entrepreneurs, there are different business loans in Karnataka for arranging capital funds and other expenses. FlexiLoans is a trusted organization that deals with loans for business in Karnataka. If you want to know how to get business loans in Karnataka, you can contact FlexiLoans. They have a team of experts to guide you so that you can avail the best one.


Business Loan Solutions from FlexiLoans 

If you are an entrepreneur doing manufacturing, retailing or selling in online or offline mode or both and looking for financial support to expand your business, then FlexiLoans is there to cater all your funds required for the business.

It is an online lending platform to help the entrepreneurs with a hassle-free, fast and secure loan experience. It offers easy and quick solutions for the small scale industries.


Basic Eligibility Criteria

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

Small Business Loan in Karnataka

This is suitable for a small business or start-up. There is no difference in characteristics from other loans. You have to repay the loan amount with interest within the fixed tenure. For this loan to be sanctioned, you have to get approval for GST business loan in Karnataka

You are also eligible to apply for an unsecured business loan in Karnataka since it is easy to apply.


What You Should Remember for Small Business Loans

Line of credit: Under this facility, you can withdraw funds depending on seasonal needs.

Loan against POS: This is probably the most beneficial funding option if your revenues also generate from debit or credit cards.

Working capital loans: This short term loan covers your everyday operational needs.

Vendor financing: By this method, you can borrow money based on the due from customers. It helps to improve the flow of cash in the business, and hence better growth than earlier.

If you are not sure how to get business loan in Karnataka, come to us!


Documents Required for Business Loan in Karnataka

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.

Why will a person opt for an unsecured business loan in Karnataka?

In an unsecured business loan, you do not need collateral; you can get a business loan only based on your business performance. Therefore it's less risky and hassle free.

How to apply for a business loan?

To apply for a business loan click on the link here. Fill the loan application and upload the documents online our team will then contact you regarding the loan.

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.

In an unsecured business loan, you do not need collateral; you can get a business loan only based on your business performance. Therefore it's less risky and hassle free

To apply for a business loan click on the link here. Fill the loan application and upload the documents online our team will then contact you regarding the loan.