BUSINESS LOAN FOR GARMENT

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Home > Loan for Garment Business

Loan for Garment Business

Get a loan for a garment business from FlexiLoans and give a boost to your productions. Our business loan for garment manufacturers is available at the lowest rate of interest and flexible repayment options. We provide loans for clothing stores of up to Rs. 1 crore with minimal documentation needed. Also, our business loan for textile business can be availed by meeting the most basic eligibility requirements. So, what are you waiting for? Make the right move now and avail profits like never before.


Why Go for a Business Loan for a Clothing Store at FlexiLoans?

Our business loan for clothing store helps clients in preparing their account and in alleviating immediate problems. Such loans help the owners of clothing stores in acquiring capital in times when they need it the most. With us, you can expect loan approvals in less than 48 hours and get the funds transferred into your account immediately.

We know that the industry for garments can change without any notice. It is an ever-changing business arena where the professionals need to handle seasonal changes now and then. The entire setting requires proper prior planning for which one needs to have sufficient funds in hand. The additional flow of cash is needed for meeting requirements like hiring staff, buying inventory and marketing the store. For these and other expenditures, our line of credit loans can come in handy.


Basic Eligibility Criteria

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

Meet All External Pressures with Our Term Loan for Clothing Store

One thing that clothing store owners will agree with us is that they need to stay ahead of fashion trends. In other words, they need to be in with their collection all the time. Since there are a lot of seasonal changes involved in running a garment business, the owners must be up and ready with fresh inventory. They need to have fashionable products that go with the seasons to meet the demands of the consumers. The owners require funds in advance for updating their seasonal inventory. And this is where our term loan can prove to be useful. You can also approach our loan against POS and vendor financing options in the most organized manner.

We have a detailed understanding of the external pressures and time constraints on clothing businesses. Thus, we provide capital loans even to individuals with bad or less perfect credit. Our unsecured business loans are always a secure option for clothing store owners.


Documents Required & Basic Eligibility for Garment Business Loan

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 to Get Business Loan for Garment Business?

To get an unsecured business loan at FlexiLoans the basic eligibility requirements are your business should be running for at least 1 year from the date of registration & monthly total sales should be greater than ₹2 lakhs.

What is the lowest interest rate for Garment Manufacturers business loan?

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.