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Expand, Businesses

Expand Businesses With Ziploan's Quick Business Loan

27.09.2021 - 09:06:33

Business Wire India
Maintaining the competitive edge through expansion is vital for small businesses. According to a recent survey, 82% of small businesses get stuck because of low working capital, whereas, 55% of small business owners stated that maintaining a cash flow is the biggest challenge to growing their businesses.

The right for expanding businesses can help position the business for success for years to come, whether one is refinancing existing debt, buying equipment, renting or buying new space, or hiring a new employee.

Moreover, funding is needed to accelerate the growth of the market and increase profits and revenues. To expand their business, growing small businesses need access to sufficient funding.

Many banks and NBFCs offer loans to businesses for the purpose of expanding. NFBCs such as Ziploan offers small business owners hassle-free loans at competitive interest rates.
By assisting 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 slow-moving companies 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 within 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 by using the mobile app. All they need to do is:
 
  • Complete the business loan form with the essential details
  • Submit all required documentation
  • Get approved and get a loan disbursement within three days* (Moreover, Ziploan offers same-day policy approvals and same-day disbursals as well).

If the businesses owner passes Ziploan's eligibility and credit checks, then the fund will be disbursed directly to their bank account and can be used in a number of ways, such as for an emergency, big projects, etc.

Loans for small businesses up to Rs. 7.5 lakhs

However, upgrading an existing business can also be considered as a way to grow or expand the business. These include buying new equipment, improving cash flow management, and expanding the customer base.

A business loan of up to 7.5 lacs is available with Ziploan's MSME Loan to finance these initiatives. With a business loan, businesses can cover their expenses as well as meet their capital needs.
 
Flexible tenure for easy repayment

Ziploan repayment tenure ranges from 12 to 36 months to ensure that repayment doesn't become a burden. Business owners, therefore, have plenty of time to repay their MSME loans.

Ziploan's business loan EMI calculator can also be used for financial planning and for planning for the future of business owners. It is very simple and easy to use the Ziploan EMI calculator. One can easily calculate the EMI a business owner has to pay by entering the loan amount, term, and interest rate.

Additionally, Ziploan provides MSME loans for no prepayment charges after the first six EMIs are paid (excluding pre-EMIs).

Minimal documentation and simple eligibility

Ziploan offers simple business loans that are easy to qualify for. A business owner can qualify for a business loan from Ziploan if they fulfill the following criteria:
 
  • Founded more than two years ago, an established MSME.
  • The previous year's turnover must have been at least Rs. 10 lakhs.
  • There must be no default history for the business.
  • It should have been more than Rs. 1.5 lakhs in income tax filing.
  • Ownership of a house or business is required for the borrower.

To apply for a business loan, one must meet the eligibility criteria which is a hassle-free and straightforward process.

The following documents are required for MSME loan applications:
 
  • Identification documents
  • Proof of residential address
  • Proof of financial standing
  • Evidence of ownership of the business

About Ziploan

An RBI registered NBFC in Delhi, ZipLoan is known under the trade name Blue Jay Finlease Ltd. With a mission to make business loans easily accessible to Indian small business owners, the company was established in 2015. Using technology, we are able to offer loans in an efficient and hassle-free way.

Ziploan is focused on solving this fundamental problem of small business owners: easy access to funds when they need them.

What Makes Ziploan So Special?

The documentation required for a business loan from Ziploan is minimal, helping business owners obtain quick funding. Ziploan offers hassle-free business loans, and the funds can be deposited directly into the owners' bank account within three business days* after completion of the necessary paperwork.

Additionally, Ziploan offers an easy repayment plan, so no burden is associated with repaying the business loan amount. Since its inception, Ziploan has empowered over 10,000 businesses and continues to grow. Moreover, the company operates in over 14 cities.

Last but not least, an instant business loan is applied for in the office, at home, or anywhere, so the business owner will no longer have to wait in long lines. As for getting a business loan, MSME loan, or even a working capital loan, you can do so online through Ziploan's website or through the company's mobile application.

For more information visit: https://ziploan.in
@ businesswireindia.com