New Delhi, Delhi, India:
Maintaining the competitive advantage through expansion is vital for small businesses. According to a recent survey, 82% of small businesses are stranded due to low working capital, while 55% of small business owners said maintaining cash flow is the biggest challenge for growth of their business.
The right small business loan for growing businesses can help position the business for success for years to come, whether it’s refinancing existing debt, purchasing equipment, leasing, or purchasing new space , or hire a new employee.
Many banks and NBFC offer business loans for the purpose of expanding. NFBCs such as Ziploan offer small business owners hassle-free loans at competitive interest rates.
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 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 have to do is:
- Fill out the business loan form with the essential details
- Submit all required documents
- Get approved and get a loan disbursement within three days * (Additionally, Ziploan also offers policy 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 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.
A business loan of up to 7.5 lakes is available with Ziploan’s MSME loan to fund these initiatives. With a business loan, businesses can cover their expenses as well as their capital needs.
Flexible duration for easy repayment
Ziploan’s 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 business loan IME calculator can also be used for financial planning and for planning the future of business owners. It is very simple and easy to operate the Ziploan EMI calculator. One can easily calculate the EMI that a business owner has to pay by entering the loan amount, the term and the interest rate.
Additionally, Ziploan provides loans to MSMEs with no prepayment charge after payment of the first six IMEs (excluding pre-EMIs).
Minimal documentation and easy eligibility
Ziploan offers simple business loans that are easy to qualify for. A business owner may be eligible for a Ziploan business loan if they meet the following criteria:
- Founded over 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:
- Pieces of identity
- Proof of address
- Proof of financial capacity
- Proof of business ownership
An NBFC registered RBI in Delhi, ZipReady is known under the trade name Blue Jay Finlease Ltd. With a mission to make commercial loans easily accessible to Indian small business owners, the company was established in 2015. Using technology, we are able to offer loans efficiently and hassle free. .
Ziploan is focused on solving this fundamental problem for small business owners: easy access to funds when they need it.
What makes Ziploan so special?
The documentation required for a business loan from Ziploan is minimal, which helps business owners get quick financing. Ziploan offers hassle-free business loans, and funds can be deposited directly into owners’ bank accounts within three business days * of completing the necessary paperwork.
In addition, Ziploan offers an easy repayment plan so that there is no burden associated with repaying the business loan amount. Since its inception, Ziploan has empowered over 10,000 businesses and continues to grow. In addition, the company is present in more than 14 cities.
Last but not least, a instant business loan is requested in the office, at home or anywhere, so that the business owner no longer has to queue. As for obtaining a business loan, an MSME loan or even a working capital loan, you can do this online through Ziploan’s website or through the company’s mobile app.
For more information visit: https://ziploan.in