Business Loan for Mobile and Accessories Business

The ICEA reported that more than 250 mobile factories including accessories business are in operation in India. Supplies such as Powerbank are becoming an important business in the Indian market generating 2,000 crore rupees and can reach 15,000 crores in the coming years.

Among all options available, the mobile accessory business looks simpler to achieve and offers a modest income. Sales of mobile and its accessories have increased drastically in recent years. There is a huge demand for smartphones and hence made the business grow rapidly offering a great opportunity to entrepreneurs.

Do not expect declines or unwitting slowdowns in this industry in the near future as the business grows. As a result, people can go ahead confidently by making a small investment. 

• Business Expansion

  Growth is the key to every business. If the business is flourishing, then development will help you to avoid any loss in business. A business loan will help you to cover the expansion costs without having to withdraw your resources so you can see your business mature.

• Inventory

It is the cornerstone of all business such as seasons, wholesale and retail. Soon after your business starts functioning, you will need funds to constantly expand and replenish the inventory for meeting the demand and offer superior service to customers. By taking a commercial loan, you can balance inventory costs and remain at par with the industry trend by meeting all customer need without affecting the income.

• Cash flow

Every seasonal business suffers cash flow and also at times when customers slow down payment cash flow becomes a challenge. This will affect your inventory, personnel, and utility, rental or mortgage costs. A business loan will help you in managing the regular costs but manage even at the downtime. 

• Components and products 

Companies often have to buy, service or replace various types of devices. The products and components are expensive but essential for companies to maximize efficiency and productivity. Accidental expenses, such as repairing or replacing defective parts, can affect your budget. You can use the business loan for continuing the business as quickly as possible to an optimal level.

Why are we your preferred partner?

• We care for you: Our business loan will meet your needs. We don’t impose tedious formalities but follow all legal ones.
• We offer the best interest rates: Our interest rates for commercial loan are attractive that are reasonable and competitive. We will let you decide based on your convenience to repay.
• We are flexible: We allow you to select the amount, duration of loan and duration of the EMI.
• We don’t stress you with guarantees: Stay assured as we do not ask for a guarantee. No collateral and hence no stress. 
• We go green: We only need mandatory information and no paperwork. All can be done online. 
• We provide custom-made loan: We are aware that each one of you has a different need and hence we discuss individually to decide on all rates.

Our features in a nutshell: We offer loan in 100 Indian cities and process loan in 48 hours. Also, you can plan for a business with our maximum loan amount of 1 crore.