The capital of two states Hyderabad and Andhra Pradesh is the hub for pharmaceuticals and IT centre. Leading MNC companies have their headquarters in this historical city due to large area spaces and ease of norms. The government plans to make Hyderabad the first of its kind in India – A pharma city. According to researches around 20% of the total pharma exports of India, is accounted by Hyderabad. With the rise of online pharmacy this city is going to give rise to the pharma and the IT sector. The industrial sector in the city is rapidly growing and is considered as country’s capital for bulk drug and vaccine production. It is also considered as a prominent hub for aerospace, computer and electronic related hardware industry
With one of the greatest histories of our country, the tourism in the city has also increased manifold increasing revenue of SME tourism hubs and retail providers. Also known as the Pearl City, it is a famous centre for pearl and glass bangles giving an industry to grow from for the local retailers. SME’s and MSME’s are also a huge player in the service sector for countries like America and Canada to outsource their call centres here. With great opportunity growth, availing the loan in this city shows potential.
Not every business requires the same kind of business loan. With different business comes versatility especially in the SME sector. Taking up a loan will help you grow your business in the right path.
With taking up a loan from a renowned bank, sometimes interest rates kill you, discouraging you from taking up a loan. Digital Lending now gives you the cushion for the interest rates that suit your capacity.
With Hyderabad showing great potential to carry on business for the future, taking up a loan, saving on equity and concentrating on your business are the key factors we aim to provide.
A business loan can be provided to an individual, a partnership, limited liability partnership, proprietary firm, self employed. To be eligible for a business loan there are a lot of factors that are considered. Every bank that offers loan will look into many criteria prior to sanctioning it. Few important ones are:
Here is the basic documentation required for getting a Business Loan:
The interest rates for an SME or MSME business are calculated on various aspects and tangents taking in criteria the CIBIL score, net worth, profitability of the business, cash flows, working capital and inventory ratios and the tenure of the loan. Usually a longer dated loan would have a lower EMI while a risky business would have a higher EMI.
Here are FlexiLoans it is now extremely convenient to apply for business loans with a full hassle free process. We provide loans in more than 100 cities all over India with innovative product solutions for our customers.
FlexiLoans aims to provide you with the easiest way of securing a loan and that is our number one priority. We want you and your business to grow to the vision you have seen for it.
If you are a business owner or a company, please do click here to apply today