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Business Loan in Solur

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India is predominantly an agricultural country thus the real soul of its economy majorly resides in villages. In every aspect, the future of India depends upon the villages. Considering the fact, FlexiLoans make endeavors to cover every small part of the country. As a part of our consistent efforts to lend financial help to entrepreneurs, we provide quick, unsecured business loans in Solur.

Located 46 km away from the state capital Bangalore, Solur is one of the village panchayats of Bangalore Rural district of Karnataka. Bounded seamlessly with nature and located away from the hustle and bustle of city Solur is home to a number of ancient temples. The village has a number of hidden gems. Recently, a new railway line has been laid from Bangalore to Hasan via Solur.  Indeed, the fact that more the development of better roads, ports, highways, airports, and other elements of infrastructure takes place in the region the more opportunities will gloom up. Thus, the budding entrepreneurs in the region have probable growth opportunities in Solur. FlexiLoans hope to become your partner in laying a strong foundation for your businesses and helping it grow to its full potential. We at FlexiLoans aim to make working capital finance available at the fingertips of entrepreneurs so that they can manage to remain at ground zero for business instead of worrying about the gaps in their bankrolls.

TOP 3 IDEAS TO SET IN MOTION YOUR BUSINESS IN SOLUR

If you want to start a business, but having a hard time narrowing your list down to a single successful business idea for your small town, don’t worry. We’ve got your back.

Retail Pharmacy

Starting a retail pharmacy can be a great business idea. An informal tie-up with a clinic or doctor will help your business in a big way and will also enhance your chances of achieving more profits. Moreover, by selling the multivitamins or protein-based food supplements a significant amount of profit can be achieved.

Local goods Retailing

Starting local merchandise retailing can be a profitable business venture for small towns. Apart from selling the basic consumer goods and groceries the business can be expanded to incorporate various organic products as well. Additionally, retailing the locally sourced products can be used to attract vocational tourists to such regions.  

Vegetable garden farm

Agriculture can be a great business opportunity for rural areas. One can start the production of vegetable and fruits. You can start the business by growing vegetables and fruits that grow best. However, it is better to start a business with small scale production and then go on increasing as per the levels of production and feasibility.

ELIGIBILITY CRITERIA FOR AVAILING BUSINESS LOAN IN SOLUR

Any person who owns a credible business and has good profitability can apply for the business loan. However, in order to establish the number of credits to be disbursed following constraints would be considered:

  • The applicant must have attained the minimum age limit of 22 years and at the time of maturity; the applicant must have attained the maximum age limit of 58 years.
  •  The business must have filed the income tax returns for the last 1 year.
  • The previous year turnovers of the business must be duly audited by the CA.
  • The business must have achieved a profit for the last 2 years.

DOCUMENTS REQUIRED FOR THE BUSINESS LOAN

The list of necessary documents required for applying for a business loan in Solur includes:

  • A valid proof of address issued by the government which may include any of the following:
      • Aadhar Card
      • Passport copy
      • Voter’s ID
    • Driving license
    • For identification purpose, the applicant must present any of the government-issued photo ID proofs.
    • Bank statement of last 6 months to validate the financial records.  
  • Proof of continuity of business which may comprise of any of the following:
      • ITR
      • Trade license
    • Establishment or Sales Tax Certificate
    • Statement of computation of income for the last 2 years.
    • Latest ITR record of co-applicant for the last 2 years.
    • Legitimate proof exhibiting proof of ownership of office or residence.
    • Board Resolution (if Pvt Ltd co. is co-borrower) / Partnership Authorization Letter (if partnership firm is co-borrower)
    • Profit and loss statements and balance sheet certified or audited by CA- for the last two years.
  • Recent GST returns if the business falls under the GST income scale.

INTEREST RATES AND COMMERCIAL LOAN FEES FOR A BUSINESS LOAN IN SOLUR

For the purpose of calculating rates of interest on loans for MSMEs and SMEs, we undertake the following criteria into consideration. We have a hassle-free procedure as compared to other institutions across India. Our criteria for evaluating obligatory loan charges are:

    • The total duration of the loan
    • Operating Capital of the business
    • Profitability achieved by the business
    • Rates of Inventory
    • Worth of assets
    • The total cash flow of business
  • CIBIL score to the certain creditworthiness of the applicant.

HOW FLEXILOANS DIFFERS FROM OTHER FINANCIERS?

We at FlexiLoans make attempt to support the entrepreneurs in fulfilling their ideas by cutting down all financial barricades. We aim to devise strategies that are efficient and knock other competitors in the market. To explore more about how we really differ from other financial institutions read below about our benefits:

    • We are present across 100 prominent cities covering every state of India. Moreover, in coming years we seek to expand our services all across the regions of the country.  
    • Our application process is extremely simple. No paperwork is required. Fill details online and apply within 15 minutes.
    • We are exceptionally fast. Check the status of the loan and get it approved within 48 hours.
    • We offer 100 percent of the loan amount that too without any security.
    • We offer loan amount up to Rs.1 crore.
    • No hidden charges. No false claims. We have fair discussions with the applicant for loan approval.
  • We are unbelievingly fast and flexible. With our customized product solutions, you can apply for the loan through a very simple online process.

Thus, our process for loan disbursement is extremely easy and efficient. Our customized business loans offer you reliable procedures for repayment options along with the competitive interest rates.

HOW TO APPLY FOR A BUSINESS LOAN IN SOLUR?

If you are one of the business owners or companies looking to avail finances for starting or expanding business in Solur then look no further, log onto FlexiLoans and click to apply here.


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