Business Loan For Retail Shop

ZipLoan offers Small Business Loans for Retail Stores

Retail businesses in India are an important link between manufacturers and traders and final consumers. They have different financial needs which not all lenders can meet. However, insignificant funds can impact their cash flow and growth opportunities. We are an RBI registered NBFC that offers different retail business loans that suit are ideal for the different needs of the retailers. Our different business loan for the retail store include SME loan, MSME loan, term loan, flexi loan, machinery loan, working capital loan, and capital loan.

We design our business loan products with the aim to help the small retail stores in the best possible way. We offer business loans to retailers at the best interest rates in the market. In order to ensure that all small businesses get access to a loan for mobile vendors and other retailers, we offer unsecured business loans. Our collateral-free loans are an ideal option for retailers and traders who cannot hypothecate an asset.

With our different business loan products, you can meet your different financial needs, such as furnishing shop, buying new machinery or equipment, or increasing working capital. We have so far offered more than 2000 small businesses their first business loans and are continuously working towards helping more MSMEs with our business funding.

Our business loan eligibility criteria are:

• Minimum Turnover of INR 10 Lakhs in the last 12 months.
• Last year ITR of more than INR 2.5 Lakhs.
• Either house or business premises should be owned.
• Business place should be separate from the residence.
• Business vintage (operations) for at least 2 years.

How to Get a Mobile Shop Business Loan?

Our loan for the mobile shop is very easy to avail. To avail our small business loan, follow the below-mentioned steps:

1. Apply: Apply for a small business loan for retailers on our website. You can also download our mobile App to apply for a loan for business online. Our simple and hassle-free loan process ensures that the retailer is not required to visit our office in person. He can instead focus on his business.
2. Documents: Our business loan documents requirement is very minimal. Also, the retailer can upload the PDFs of the documents on our website or mobile App.
3. Loan Approval: Our processing and approval process is very fast - we process a loan application and disburse sanctioned amount within a week.