Small Business Loan
Meet small business needs with collateral-free loans
In today’s day and age everything can be done online – from booking a ticket to buying groceries. Thanks to fintech start-ups, you can even borrow a business loan online and ditch those long queues at the bank.
Meet FlexiLoans – Your one stop solution to all your business problems. We provide customized business loans at a click to small and medium enterprises.
The loans given to small and medium businesses for various purposes such as meeting working capital needs, infrastructural requirements, expansion and upgradation, are known as small business loans.
These loans are meant for small businesses who can’t afford or might not be eligible for a traditional business loan. Since, they’re less restrictive and require minimum paperwork small businesses can benefit from these loans.
48 hours. Yes, that’s all it will take for you to get a loan from us! At the same time, a bank loan for a small business might take 7 days or more.
After the Nirav Modi PNB scam, banks started turning down SME borrowers. As per statistics for the period between February and March 2018, lending to small businesses fell by 0.2%. Ironically the overall lending in the economy grew by 5.9%! In such dire situations small businesses need to widen their horizon to look for other funding options. For instance in the U.K. this trend is catching on – small businesses in the U.K. are looking towards online platforms to meet their funding needs instead of borrowing from the bank. As per a report bank lending to small businesses fell flat in 2017 but at the same time asset finance and P2P lending increased.
The eligibility criteria may vary in different banks and financial institutions. Although, the eligibility criteria at FlexiLoans is fairly simple –
Other than quick disbursal the documentation required for small business loans at FlexiLoans is simple and minimal.