ZipLoan – Fast and Best Business Loan Providers in India
The core strength of the Indian footwear industry is the leather industry. After China, India is the second largest footwear producer in the world. There are many reputed brands in India, such as Nike, Reebok, Colehaan, Nunn Bush, and Clarks. While these brands are famous for leather shoes, there are many small-scale units as well that manufacture sandal and chappals in India. These small scale units are also significantly contributing to the Indian footwear sector and the Indian economy.
There is also a demand for a loan for footwear manufacturers in India. And to meet this demand, we offer small business loans for shoe manufacturers at the best interest rates in India. Our business loan ticket window is INR 1-7.5 lakhs and all our loans for business are offered without security. We have designed all our business loan products in a way that they fulfill all the needs of small businesses in India.
We are an RBI registered NBFC that offers business loans at basic eligibility criteria. Our business loan eligibility criteria include minimum turnover of INR 5 Lakhs in the last 12 months, last year ITR of more than INR 2.5 Lakhs, either house or business premises should be owned by the businessman, the business place should be separate from the residence, and business vintage (operations) for at least 2 years. We require the following documents for a business loan:
- PAN card
- Last 12-months bank statement
- Last 2-3 year ITR
- Business place address proof
- Residence address proof
How to Effectively Use Shoes Industry Financing?
A business loan for shoe manufacturer can be used in the following ways:
Technology: Technological advancement is one of the most important needs of a shoe manufacturer. A business loan for footwear manufacturers can be used for investment in technology and taking the sales to omnichannel – online and offline.
Marketing: Advertising and marketing are important for any business to sustain and thrive. These two are important elements in today’s competitive marketplace. Investment in social media and other advertisement channels can be made with the help of shoe industry financing.
Expansion: Expansion is important for every business and so is for a shoe manufacturer. The loan for footwear manufacturer can be used for expansion. You can expand at different locations or renovate the current location to improve customer satisfaction.