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Business Loan for Electrical Parts and Equipment Business
For some having their own business is still a dream but not anymore with our Business loan for electrical shops. You can open your dream business in no time and start making money out of it. Now you must be thinking, how can a company give you a business loan when your business hasn’t been established yet? Don’t worry, and we are going to help you showcase all the benefits you will get when you apply for the business loan from FlexiLoans. When you take a loan from FlexiLoans, you don’t have to worry about any hidden charges.
Term Loan For Electrical Shop
FlexiLoans is the right place for you to ask for a term loan for electrical shop. See often, and we categorize loans on the basics of what their amount will be used for. For example, when someone is opting for a car loan, they will pay for the car they have brought from that money. In the same way, term loans fund everyday business such as an electrical shop, drug store, and departmental store. All of these businesses can be given funding through a term loan if they running for at least 1 year.
Why Should You Opt For Business Loan From FlexiLoans?
Now let us tell you some of the benefits you get when you take a business loan from FlexiLoans. See, just from the name, you can see we are flexible with our customers, and our working is entirely transparent for you to see. Even if you are running your own business and want to extend its branch in another city, we are here to help you achieve your goal. You being able to get your business up and running in the shortest amount of time is our greatest achievement, and we do everything in our power to make it happen.
FlexiLoans makes it easier for people to avail of loans. The whole application will be assisted by one of our customer representatives, so you don’t have to worry about filing any wrong information and redo the entire application.
You can connect with our relationship manager anytime you want. They are always present to help you and give an answer to your queries.
All your documents will be verified from our side so once you are done with your application you will get the loan amount as fast as possible.
Apply NowBasic Eligibility Criteria
| Minimum Business Vintage | 1 year |
| Monthly Business Sales Minimum | 2,00,000 |
Documents Required for Electrical Parts and Equipment Business
| 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?
- 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?
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