New Delhi [India], September 27 (ANI / BusinessWire India): Maintaining competitive advantage through expansion is vital for small businesses.
According to a recent survey, 82 percent of small businesses are stranded due to low working capital, while 55 percent of small business owners said maintaining cash flow is the biggest challenge for them. the growth of their business.
In addition, financing is needed to accelerate market growth and increase profits and revenues. To grow their business, growing small businesses must have access to sufficient financing.
By helping MSME businesses with the additional capital they need to grow, Ziploan continues to strive to achieve its goals. With the Ziploan Business Loan, it becomes quick and easy for low turnover businesses to thrive.
For MSME business owners, Ziploan offers up to Rs. 7.5 lakh in MSME loans. Once all the required documents have been submitted online, business owners can apply for an easy business loan in just 3 days.
Learn More About Business Loans For MSMEs: Quick Disbursement of Funds MSME business owners can easily apply for a new business loan by visiting Ziploan online, or even using the mobile app. All they need to do is: Fill out the business loan form with essential details Submit all required documents Get approval and get loan disbursement within three days (Additionally, Ziploan offers police approvals and same-day disbursements).
If the business owner passes Ziploan’s eligibility and credit checks, the funds will go directly to their bank account and can be used in a number of ways, such as for emergency, large projects, etc.
Loans for Small Businesses up to Rs 7.5 lakhs However, upgrading an existing business can also be seen as a way to grow or expand the business. These include purchasing new equipment, improving cash flow management and expanding customer base.
Business loan of up to 7.5 lakes is available with Ziploan flexible term for easy repayment Ziploan repayment term ranges from 12 to 36 months to ensure repayment does not become a burden. Business owners therefore have plenty of time to repay their loans to MSMEs.
Ziploan’s In addition, Ziploan provides loans to MSMEs with no prepayment fees after payment of the first six IMEs (excluding pre-IMEs).
Minimal Documentation and Easy Eligibility Ziploan offers simple business loans that are easy to qualify for. A business owner may be eligible for a business loan from Ziploan if they meet the following criteria: Established more than two years ago, an established MSME.
The turnover for the previous year must have been at least Rs 10 lakhs.
There should not be a default history for the company.
This should have been more than Rs. 1.5 lakhs of tax return.
Ownership of a home or business is required for the borrower.
To apply for a business loan, one must meet the eligibility criteria, which is a simple and hassle-free process.
The following documents are required for MSME loan applications: Identification Documents Proof of Residence Address Proof of Financial Capability Proof of Business Ownership This history is provided by BusinessWire India. ANI will not be responsible for the content of this article in any way. (ANI / BusinessWire India)