BUSINESS LOAN IN SITAMARHI

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Business Loan in Sitamarhi

Surrounded by the international Indo-Nepal border on the northern side, Sitamarhi has become a major destination of business ventures. The traditional source of livelihood of the inhabitants is agriculture. Paddy, wheat, khesari, gram, oil are the main crops of the region. Since agriculture is majorly controlled by the rainfall, which is unpredictable, many people are taking up entrepreneurship as their career.

The location advantage is a boon to maintain a healthy business relationship with Nepal. If you too dream of becoming a business tycoon one day, Flexiloans will be happy to provide you financial support with a business loan in Sitamarhi. No business dream can be fulfilled without sufficient funds, and that is the place where we work on various loans for business in Sitamarhi. This is the stepping stone that will enable you to fly high later as an established entrepreneur. The unsecured business loan in Sitamarhi that we offer does not require any collateral. We have specially designed small business loan in Sitamarhi targeting the SME sectors.

For any query like business loan criteria in Sitamarhi, documentation required, how long will it take to get approval, repayment process, please visit our website or app. We also have a term loan for the operational cost like electric bill payment, paying salary to the employees, maintenance cost and other indispensable expenses for the smooth running of the business. This is vital during the initial phase.

Similarly, for an existing business, the entrepreneur can apply for the GST business loan in Sitamarhi based on the GST returns. Again, it cannot expand your business in terms of infrastructure, products or anything you think will help you to grow because a huge amount is yet to receive from the suppliers or vendors, Flexiloans can help you with vendor financing. This is the amount approved by the finance institution against the due invoices.

The sale of air coolers and air conditioners increases during summers every year. To stock more, you will need additional funds which you can get from a line of credit up to a certain limit. Depending on the credit card sales amount, you can also be eligible for a merchant cash advance, which sometimes gets deposited directly to your business account within 24 hours.


Basic Eligibility Criteria

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

Documents Required for Business Loan in Sitamarhi

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.

How much amount can be borrowed as business loans in Sitamarhi?

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

What is the business loan interest rate in Sitamarhi?

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.

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.