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Business Loan in Maharashtra

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WHY BUSINESS LOAN IN MAHARASHTRA?

The magnificent state of Maharashtra is highly appreciated for making major contributions to the essential areas of the Indian economy. The significant areas where the state has achieved exemplary contributions include politics, business, travel and of course the most dramatic, the entertainment. Entertainment is one of the bustling business areas in Maharashtra. This state of followers of benevolent god Ganesha presents a huge opportunity for businesses to grow and sustain. Every business idea whether it’s small or large has got a place here. The ever moving population and varied culture with huge inclusive diversity propose a huge opportunity for unprecedented business growth. Moreover, it’s GSDP (gross state domestic product) amounting to Rs 16.87 lakh crore contribute towards making it the biggest economy of India. In fact, it is the leading industrial state of India that contributes 13 percent to the national industrial output. Apart from entertainment, some of the other budding areas of the industry in Maharashtra are food processing, electronics, petrochemicals, textiles, plastics, heavy chemicals, pharmaceuticals, and automobiles. Thus, the state proposes profitable and trending investment opportunities for enthusiastic entrepreneurs. With the small capital investment in the business in Maharashtra, business owners can reap huge profits.

Thus, if you are one of those Maharashtrian who has the dream of starting own business or looking to expand the existing business to build it for better then you have landed on the right page. We at FlexiLoans provide you the hassle-free business loan in Maharashtra.

TOP 3 IDEAS TO START YOUR BUSINESS IN MAHARASHTRA

  1. Acting School

The million dollar Bollywood business is the part of a massively developed Indian entertainment industry. In terms of employability and extensiveness of film production Bollywood is characterized as one of the biggest movie industries of the world. Due to its large popularity and employability, Bollywood related businesses are one of the most profitable business ideas to kick start the business in Maharashtra.

  1. Lounge and Bar

Lounge or bar is one of the perfect business ideas for sub-urban or metropolitan cities. The large density of youth population and the prevalence of in vogue trends in the areas of Maharashtra propose favorable opportunities for the growth of lounge and bar business. Moreover, with the strategic approach, this business can yield profitable results within a few years of establishment.

  1. Security Business

Over recent years, awareness regarding safety and security issues have substantially grown in the suburban areas of Maharashtra. A large number of people have exhibited their concern for security and safety. This elevation in security-related concerns has led to large scale integration of technology in the proposed industry. Therefore, analyzing the increase in outsourcing for public security starting the ventures related to security can be beneficial and trending business ideas to start the business in Maharashtra.

CHECK YOUR ELIGIBILITY FOR AVAILING BUSINESS LOAN IN MAHARASHTRA

Any person irrespective of social or cultural backgrounds can apply for the credits. The capital can be disbursed to any individual employed person or a firm which intends to seek expansion in business. The sole motive of FlexiLoans is to carve your future by funding your business idea. However, there are certain basic norms that are required to be fulfilled.

For availing the business loan in Maharashtra an applicant needs to fulfill the below-mentioned criteria:

  • SME unit running the business with good profitability in the same line ever since the sufficient period of time.  
  • Minimum age limit 21 years and maximum age limit 60 years till the completion of the loan.  
  • A professional or self-employed individual, may it be doctor, accountant, lawyer, architect, engineer, management consultant or a trained individual in any of the specified vocation in which he/she is currently employed may apply.
  • Minimum working experience of 2 years for the professionals and a minimum of 2 years of continuation in business for the self-employed individuals.
  • Minimum Rs.25000/- take home salary on a monthly basis for professionals as well as self-employed individuals.  

DOCUMENTS REQUIRED FOR THE BUSINESS LOAN

The list of compulsory documents that are required to be produced for the business loan includes:

  • A copy of any of the following government identity for address proof
    • Aadhaar Card
    • Passport copy
    • Voter’s ID
    • PAN Card
    • Driving license.
  • Previous 6 months bank record.
  • PAN of individual/firm/company.
  • Latest ITR records along with Profit and loss statements, balance sheet and income computation for the previous 2 years. All of the financial records presented should be either certified or audited by CA.
  • Proof of continuation which may include any of the following:
  • ITR
  • Trade license
  • Establishment
  • Sales Tax Certificate

FACTORS AFFECTING INTEREST RATES FOR A BUSINESS LOAN IN MAHARASHTRA

Some of the parameters that we will take into consideration for evaluating your loan charges:

  • The profitability of the business.
  • Type of business: Partnership, Proprietorship, Private or Public Limited.
  • The credit score of the company or an individual.
  • Turnover of business.
  • Past records of the business.

WHY PREFER FLEXILOANS RATHER THAN OTHER FINANCIERS?

What makes FlexiLoans so distinguished? How are we so exceptional? And why you should get associated with us? To answer your questions here are our benefits given below:

  • We have an existence in almost 100 cities of India. We have made endeavors to cover every state of India.
  • Our process is extremely simple. No paperwork required. Fill application, upload documents and get the loan approved.
  • We are faster than your expectations. Apply and get your loan processed within 48 hours.
  • We keep it simple. No collateral required. Get 100 percent of the loan amount without any hassle.
  • We are completely transparent in our procedures. No hidden charges. Fees charged as per your asset class.
  • We offer loan amount up to Rs. 1 crore.
  • We make the processes very flexible for you. Our innovative products are solely customized for you.  
  • That’s efficient. Technology is a power for us. You can kick start by just discussing your business plan by filling a simple online form.

ENCASH THE OPPORTUNITY AND APPLY FOR A BUSINESS LOAN IN MAHARASHTRA

Nothing can hinder your business turn into reality but the funds can. Then, why restrict ideas when you have FlexiLoans. Give wings to your millions worth idea, log onto FlexiLoans and get your loan approved within a matter of minutes.


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