Easy & Quick Small Business Loan Provider for Sole Proprietors
A small business loan for sole proprietors can be very beneficial. It can help in money management and long-term growth of the small business. There are different types of business loans available in the market that a sole proprietor can avail. A sole proprietor can cover running expenses like salaries, payments to suppliers, and meeting cash flow requirements with a working capital loan. Whereas, a machinery loan without security can help the sole proprietor to buy or upgrade machinery or equipment.
ZipLoan offers proprietor loan for small business owners at very attractive interest rates. We are committed to helping small businesses achieve growth by meeting their short-term capital requirements. We have so far provided loans for Kirana store, business loans for retailers, and business loan for shopkeepers.
We have different sole proprietorship loans which are specially designed for the needs of the sole proprietors and our shop loan interest rates are very competitive.
The main features of our small business loans for sole proprietors are:
- MSME loan Type: Working Capital loan and Equipment Finance loan
- Business Loan Amount: Ranging from INR 1-5 lakhs.
- Flexible Tenor: Easy monthly installments for a period ranging from 12-24 months.
- Collateral-free Business Loan: ZipLoan offers an unsecured business loan, i.e., no collateral is required to hypothecate.
How to Apply for a Small Business Loan for Sole Proprietor?
The borrower can apply for a small business loan for sole proprietor by simply following 3 easy steps:
- Apply Online: Visit our website or download our App, ZipLoan, from the Google Play Store to apply for a business loan online. Duly fill the online business loan application form and submit.
- Upload Documents: We require minimal documentation for a small business loan for sole proprietor. You can upload the soft copies of the required documents on our website or App. We also offer doorstep facility, our representative will collect the required documents from your house or office.
- Sign Contract: Our representative will process your application form for a loan for departmental store within a few hours after you fill the application form and submit documents. If your application gets approved, we will disburse the loan for shop within a few days after you sign the contract with us.