BUSINESS LOAN IN SANGANER

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Business Loan in Sanganer

Why is a Business Loan in Sanganer the Ideal Choice for MSMEs?

Not just in Sanganer but across the Indian Territory, MSMEs or Micro, Small and Medium Enterprises or agencies serve as the largest job providers. The MSMEs contribute largely to the overall employment across the country and even hold a good share of the production sector of the company. Since the MSMEs contribute majorly to the Indian economy, their large scale growth can further result in the growth of the Indian economy. Nevertheless, this growth can only be brought on the floor by having sufficient investments and funds. Hence, the significance of a business loan in Sanganer.


Why are MSME Loans Put in Place?

To encourage the growth of the MSMEs in Sanganer, the Indian government, along with financial institutions, banks and NBFCs like FlexiLoans, have come up with several varied schemes that provide an MSME loan in Sanganer. Nevertheless, going for a small business loan in Sanganer is not an easy thing to do. The MSMEs must undertake different financial litmus examinations for availing unsecured loans for business or a term loan.

Here, it is important to note that the eligibility requirements for qualifying for these loans are lower in comparison to the requirements for qualifying for standard business loans that come from the lending organizations. Furthermore, the standard business loans are only given to businesses which are considered profitable and free of risk. It is only because of this reason that MSME loans have become one of the most popular choices for small business owners. These loans with minimum eligibility requirements are perfect for fulfilling the financial needs of small businesses while offering added advantages at the same time.


Basic Eligibility Criteria

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

Reasons Why MSME Loans are the Right Choice for Small Businesses

Some of the most basic reasons why MSME loans are the right choice for small businesses are as follows:

  • As has already been said, these loans come with minimal eligibility requirements for the borrowers to qualify.
  • Funds are available for capital growth.
  • Advantages on certain taxes
  • Offer equal opportunities to different types of businesses
  • The money availed through MSME loans can effectively be used for meeting all kinds of business requirements.

Considering the fact that the majority of the MSMEs in Sanganer are start-ups, it is always a good deal for these units to go for small business loans available from FlexiLoans. These loans come as the extra financial support required during hard times. At FlexiLoans, they help the small business owners in meeting their regular and long-term working capital requirements through their specialized MSME loans.


Documents Required for Business Loans

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.

Which business loan is the best in Sanganer?

We provide various kinds of unsecured business loans. We offer the best kind of business loan that meets your requirements.

When to get a business loan?

You can get a small business loan at any time depending on your interests. You can take it to expand your inventory, meet seasonal requirements, sudden cash requirements due to irregular cash flow, etc For more information click on the link here.

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.