BUSINESS LOAN IN SAMBALPUR

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Business Loan in Sambalpur

Famous for its globally acclaimed Sambalpuri saree, the Sambalpur district is located at the western part of Indian state Odisha. The place has utmost historical importance which includes Indian freedom struggle, textile industry and rich heritage.

Agriculture and forest play a vital role in the economy of the district. Forest is the life of Sambalpur, whether it is in terms of revenue generation or the livelihood of the native citizens. Apart from this, the city is well known for diamond trading too. Sambalpur district is called the green gold of Odisha for its dependency on the forest of diverse plant species.

People across the country are flocking in this region aiming to start a new business venture or to expand the existing one. Since it is gradually becoming a business hub, FlexiLoans is also offering exciting business loan in Sambalpur to the entrepreneurs. We are a popular online company dealing with the financial needs of the entrepreneurs.

We have a wide range of loans for business in Sambalpur, which is quick and safe. We usually provide small business loan in Sambalpur to the small and medium scale enterprises. For this reason, our hassle-free unsecured business loan in Sambalpur has become extremely popular as this is collateral-free. Moreover, if you are interested in GST business loans in Sambalpur, contact us through our website to get information on how to get business loan in Sambalpur.

Moreover, you can apply for our term loan to arrange for the operational cost to run the business smoothly. You will receive the loan against POS into your business account within 48 hours of applying. To meet any unexpected or sudden requirement of liquidity, apply for our simple line of credit to get a hefty amount approved up to the maximum limit based on your eligibility. This is very helpful if your business undergoes seasonal variations, like the demand for garments, increases during festive seasons.

Struggling with the plan of business expansion as you are not getting payments from the vendors on time? No issues! We are here to help you with our invoice financing. This is really helpful to materialise your business plans without waiting for the due payments.      

As we operate online, you can contact us anytime from any location for business loan related queries.


Basic Eligibility Criteria

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

Documents Required for Business Loan in Sambalpur

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 Sambalpur?

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

The maximum amount of loan that I can take in Sambalpur?

You can get an unsecured business loan up to ₹1 crore.

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.