BUSINESS LOAN IN AMRITSAR

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Business Loan in Amritsar

Amritsar is in northern Punjab and lies at a distance of around 15 miles from the eastern border of Pakistan. It is one of the most important and largest cities in Punjab. It also serves as a major cultural, transportation and commercial centre. The city is also the hub of Sikhism with Golden Temple or Harmandir Sahib, the principal pilgrimage of the Sikhs located here. Ram Das, the fourth Sikh Guru, founded Amritsar in 1577 on land granted by Akbar, the great Mughal Emperor. It was Ram Das who set with the excavation of Amrita Saras or the Pool of Nectar, the sacred pool after which the city has been named.

As far as manufacturing and economy are concerned, Amritsar ranks second in Punjab. It is a fast-developing city that is popular for its textiles. It is also famous for its woollen clothes, Pashmina shawls and blankets. The city has also secured a good position in the field of handicrafts in India. Handicrafts by Thateras in Amritsar are enlisted in the List of Intangible Culture Heritage by UNESCO. Hence, it can rightly be said that there is a proper scope of both small-scale and medium scale business in the city. For the ones on a limited budget to start with their business, there are good sources of availing business loan in Amritsar from Flexiloans.


Get the Working Capital Loan Your Business Requires

The problem with small scale and medium scale businesses is that they are adversely affected due to the unavailability of working capital that serves as the key for running any business. There are easy scopes for entrepreneurs to avail loan for business in Amritsar either by going for working capital funds or line of credit loans. The accessibility of these loans has been made easy with the services of Flexiloans. We will help you in deciding the future of your business, including its expansion and sustenance by merely providing your GST business loan in Amritsar.

Our merchant cash advance and invoice financing options have long been helping businesses in Amritsar in surviving and growing exponentially. With our unsecured business loan in Amritsar, you can quickly secure a good financial position and also ensure the efficiency of your company. Our small business loan in Amritsar will help you achieve all your objectives.

So, the next time you wonder how to get a business loan in Amritsar, consider Flexiloans!


Basic Eligibility Criteria

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

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.

Can I apply for an MSME loan for a supermarket in Amritsar?

Yes, you can apply.

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.

Is there any collateral for the business loan in Amritsar?

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

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.

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

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.

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