BUSINESS LOAN IN MADHYA PRADESH

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Business Loan in Madhya Pradesh

Madhya Pradesh is one of the preferred states in India to the business tycoons for setting up industries. The state is rich with agricultural produce and a major mineral source. Rice, wheat, sugarcane, soya are main crops whereas it has the largest reserves for copper and diamond across the country.

Moreover, it is conveniently located in the central position and shares its border with six states. Due to large mineral resources, it has acquired significant positions in cement, asbestos, ceramic and jewellery industry including diamond cutting and polishing. The other major industries are automobile, food processing, textile etc. This tremendous business scope attracts many entrepreneurs to start their ventures in Madhya Pradesh.

This is the reason why unsecured loans for business in Madhya Pradesh have a great demand. Funds are the fundamental criteria to start a business and run it smoothly.


Additional Offers from FlexiLoans

If you are planning to expand the products or inventory, we provide Loan against POS loans if the payment via POS/ EDC device through credit or debit card is accepted. You will get a quick fund for a short term need like increasing the stock before the festive seasons.

Their vendor financing will speed up the growth of your business against the genuine purchase orders to strengthen the cash flow, which is slowing down because of pending payments.

Term loan is for meeting the short term fund requirement when any emergency arises.


Basic Eligibility Criteria

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

What Keeps FlexiLoans Ahead Of Other Money Lending Institutions?

Before applying, you would want to know why we are the preferred choice, especially to the young entrepreneurs. Have a look, what we offer to their customers?

  • Quick disbursal: If you have all the documents ready as per their demand, your loan will be approved within 48 hours. Incredible! Isn’t it?
  • Safe: The loan processing is not only fast, but it is safe too. There are zero risks of any fraud case. In our country, people are still sceptical about online money lending companies. We have proved them wrong.
  • 3 easy steps to follow: Apply online, get your documents ready and upload them. Finally, you need approval for a GST business loan in Lucknow. If everything goes well, you will get an email or call regarding loan sanction within 2 days of submission.     

What Else We Offer?

  • Term loan in Lucknow is extremely useful to fulfil the additional fund requirement during special occasions.
  • Line of credit is helpful for the business that operates seasonally.
  • Vendor financing will let you borrow money against the customer dues.

Want to avail short term loans with Loan against POS? Willing to know how to get business loan in Lucknow? Then contact us without delay!


Documents Required for Business Loan in Madhya Pradesh

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

What are the requirements of collaterals and security?

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

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 long does it take to get a business loan in Madhya Pradesh?

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.

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

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

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.