ZipLoan - Fast & Best Business Loan Provider in India
Tile industries in India significantly contribute in the Indian economy and GDP. The Indian tile industries are growing at the rate of 15% per annum approximately. For the last 5 years, the investment in the tile industry aggregates to INR 5000 crores. The Indian tile industry is divided into the organized and unorganized sector. Where there are only 14 players (approximately) in the organized sector, the unorganized tile industry sector is about INR 7,200 crores. The unorganized sector contributes nearly 60% of the total production. Also, India is among the top 3 countries with largest tile production.
If you are a tile manufacturer in India and are looking for a business loan for tile manufacturers, then we are the best stop for you. We are an RBI registered NBFC and offer loans for tile manufacturers of up to INR 5 lakhs. We offer business loans for tile manufacturers at minimal documentation. The business loan documents that we require include:
- PAN card
- Last 12-months bank statement
- Last 2-3 year ITR
- Business place address proof
- Residence address proof
In order to ensure that all small business owners in India get access to MSME loans, we offer SME loans at very basic eligibility criteria. Our eligibility criteria for business loan include:
- 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.
We are constantly working towards making loan availing process hassle-free and a pleasant experience for our customers. Our technology-enabled platform allows the tile manufacturers to avail business loan online without visiting our office in person. We look forward to helping you with the growth of your small business.
How Tile Manufacturers can use Business Loan?
A tile manufacturer’s loan can be very useful if utilized effectively. You can use the funds availed under business loan for tile manufacturers in the following ways:
Expansion: Expansion is what every business owner looks forward to. You can also expand your small business with our MSME loan.
Increase Inventory: With our SME loan, you can increase the inventory of your tile business. With more inventory, you can work toward making more sales and thus, more profits.
Marketing: More and more businesses are investing in marketing to get more customer exposure and increase their sales.