Expand businesses with Ziploan’s quick business loan
For small businesses, maintaining a competitive edge through expansion is critical. According to a recent survey, 82% of small businesses are unable to expand due to a lack of working capital, while 55% of small business owners cite cash flow management as the most difficult aspect of growing their businesses.
The right small business loan for expanding businesses can assist in positioning the business for years of success, whether it is refinancing existing debt, purchasing equipment, renting or purchasing new space, or hiring a new employee.
Additionally, funding is required to accelerate the market's growth and increase profits and revenues. Growing small businesses require sufficient funding to expand.
Numerous banks and non-bank financial companies (NBFCs) provide loans to businesses in order to expand. NFBCs such as Ziploan provide hassle-free loans at competitive interest rates to small business owners.
Ziploan continues to strive to achieve its objectives by providing additional capital to MSME businesses in order for them to grow. With the Ziploan business loan, slow-moving businesses can thrive quickly and easily.
Ziploan offers MSME business owners up to Rs. 7.5 lakh in MSME loans. After submitting all required documents online, business owners can apply for an easy business loan within three days.
Learn more about business loans for micro, small, and medium-sized enterprises (MSMEs):
Funds are disbursed promptly.
MSME business owners can easily apply for a new business loan online or through the Ziploan mobile app. All they have to do is: * Complete the business loan application with all required information * Submit all required documentation * Obtain approval and receive loan funds within three days (Moreover, Ziploan offers same-day policy approvals and same-day disbursals as well).
If the business owner passes Ziploan's eligibility and credit checks, the funds are transferred directly to their bank account and can be used for a variety of purposes, including emergencies, large projects, and so on. Loans up to Rs 7.5 lakhs for small businesses.
However, upgrading an existing business can be viewed as a means of growing or expanding it. These include the acquisition of new equipment, the enhancement of cash flow management, and the expansion of the customer base.
To finance these initiatives, Ziploan's MSME Loan offers a business loan of up to 7.5 lacs. Businesses can use a business loan to cover expenses while also meeting their capital requirements.
Flexible repayment terms for simple repayment. The repayment period for a Ziploan is between 12 and 36 months to ensure that repayment does not become a burden. As a result, business owners have ample time to repay their MSME loans.
The Ziploan business loan EMI calculator can also be used for financial planning and business owners' future planning. The Ziploan EMI calculator is extremely simple to use. By entering the loan amount, term, and interest rate, one can easily calculate the EMI a business owner must pay.
Additionally, after the first six EMIs are paid, Ziploan offers MSME loans with no prepayment penalties (excluding pre-EMIs).
Documentation requirements are minimal, and eligibility is straightforward. Ziploan provides straightforward business loans that are simple to qualify for. A business owner may be eligible for a Ziploan business loan if they meet the following criteria:
- Established MSME, founded more than two years ago. * Precious year's revenue must have been at least Rs 10 lakhs.
- No default history for the business. It should have been more than Rs. 1.5 lakhs in income tax filing.
- The borrower must own a home or business.
- To apply for a business loan, one must first meet the eligibility requirements, which is a simple and painless process.
For MSME loan applications, the following documents are required:
- Identification documents
- Proof of residence
- Proof of financial stability
- Proof of business ownership