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Business Loan for Spice Traders

Name: ZipLoan
Address: 608 - 610, 6th Floor, Kailash Building, 26 K.G.Marg, 110001
Telephone: 011-4084-4613

Want to accelerate your spice business with a quick business loan? At Ziploan, we offer hassle-free loans up to 7.5 lakh for spice businesses. The spice business loan is available in just 3 days*, once you submit a few documents.

Your loan amount requirement?^*

upto 3 lacs

3 - 5 lacs

Above 5 lacs

First Name^*

Last Name^*

Mobile no.^*

E-mail Id

ZipLoan is the Lender of Choice for Small Businesses.

Minimal Documentation

No balance sheet needed

No Prepayment Charges

After first 6 EMIs

Receive Funds Within 3 Days^*

Straight into your account

What is Spice Traders Loan?

Financial institutions offer spice traders business loans as a way for them to manage their working capital. You can use spice traders' loans to participate in trade shows, advertising channels, hosting cooking classes, and web marketing to promote your business.

Top Features of Spices Traders Business Loan:

Finance up to Rs 7.5 lakh – We offer spices traders business loans ranging from Rs. 1 to 7.5 lakhs. We have a flexible ticket size, so you can pick the amount that you need.
Loan in 3 Days* - To process loan applications faster we process documents submitted online. You can get the loan amount within 3 days* after submitting the required. documents.
Apply Online - We have made the entire application process for our business loan scheme online so that you can apply fast and conveniently. As soon as you submit and verify documents, we will approve them on the same day and disburse the funds within three days.
Best Interest Rates - We offer competitive interest rates on spice trader loans. Since the loan processing is automated, we are able to offer fair interest rates. Your business' repay ability determines the interest rate.
Flexible Repayment Tenure - We offer repayment tenures ranging from 12 to 36 months. As a result, the loan amount can be repaid with ample time.
No Prepayment Charges - No prepayment charge after the first 6 EMIs (excluding pre-EMI).

Quick Links

Business Loan Interest Rates CGTMSE MSME Loan MSME Registration Udyog Aadhar MSME Full Form GST Registration PM SVAnidhi Scheme

Benefits of Spices Traders Loan Scheme from ZipLoan

The following are the benefits of availing of a spices wholesaler loan from us:

Manage Working Capital Efficiently: Spice trader loans are designed to help you manage your cash flow, purchase spices, and hire workers to expand.
Business Expansion: ZipLoan can help spice traders expand their production, product marketing, and supply networks.
Raise Credibility: Spice traders can boost their businesses and increase their credibility by taking advantage of our spice trader business loan.

Eligibility Criteria of Spice Traders Loan

Out spice trader MSME loan eligibility criteria are simple to let more and more business individuals avail the loan amount.

An established spice traders shop with a business vintage of more than two years.
Minimum annual turnover of Rs. 10 lakhs in the previous year.
The business must not have any default history.
The last year's ITR should be more than Rs. 1.5 lakhs.
The borrower should own either house or a business place.

Documents Required for Spices Traders Loan

	Proprietorship	Partnership	Pvt. Ltd. / LLP / One Person Company
Bank statement (12 months)	✓	✓	✓
Business registration proof	✓	✓	✓
PAN Card	✓	✓	✓
Aadhar Card	✓	✓	✓
ITR of the previous two years	✓	✓	✓

Spices Traders Loan Fees & Interest Rate

Customized Interest Rates	Yes
Loan Tenure	up to 36 months
Pre-closure charges	Nil** after paid the first 6 EMIs
Eligibility Criteria	Annual turnover more than Rs.10 lakh
Loan Amount	₹ 1 Lakh – ₹ 7.5 Lakh

How to Apply for Spices Traders Loan

Here are three steps process to spice traders loan apply online from ZipLoan:

Submit Application - Simply enter your personal, business, and financial details to receive a spice traders loan offer.
Upload Documents - Upload digital copies of your documents in a single-step process for verification.
Get Sanctioned - Receive your spices traders financing approval and disbursal within 3 working days*.

Frequently Asked Questions

How do I start a spice powder business?

To start spice powder licenses and registrations required to start spices business in India: 1) Registration with the Registrar of Firms {ROF} 2) Getting a Trade License from your local Municipal Authority is a must 3) Getting Udyog Aadhar, MSME Registration is optional 4) Food business license / FSSAI license

Where can I avail a business loan for the spices business?

At Ziploan, you can avail quick business loan of up to Rs. 7.5 lakh by submitting minimal documents.

Do you need a license to sell spices?

Among other things, the reseller's license will be necessary if you plan to sell seasonings to consumers rather than wholesale.

Is selling spices profitable?

The business of bottling your own seasonings and selling them can be rewarding and lucrative.

Solving Real problems

Ram Yadav

I have been running my business for over twelve years but have not been able to undertake expansion activities. I applied to Ziploan and they cleared my loan application in a very short span of time.

Kanchan Lata

I approached Ziploan for an equipment finance loan. Their eligibility criterion was easy to fulfill because it required only 2 years ITR and 10 lacs of annual banking credit.

Babu Lal

I always thought that loans and credit facilities were only available to large businesses with significant turnover. I never thought I would be eligible to qualify for a business loan too. Ziploan is boon for small enterprises like me.

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Business Loan for Spice Traders