A Beginner’s Guide to Apply for a Quick Business Loan with Clix Capital

How-to-Apply-for-a-Quick-Business-Loan-with-Clix-Capital-for-Beginners

Looking for funds to expand businesses or to meet some unprecedented business expenses but don’t have the requisite funds at the moment? You need not worry.

A quick Business Loan from Clix Capital can help cover such financial needs for your business. Now available in doubly quick time; thanks to technology, you can access quick Business Loans and move forward, with confidence, towards success.

What Does a Business Loan Mean?

A business loan is a type of financing provided by a lender to a business for various purposes, such as purchasing equipment, expanding operations, or meeting working capital needs. The loan is typically repaid with interest over a predetermined period, and may require collateral or a personal guarantee from the business owner.

Business loans can be secured or unsecured and are available from a variety of sources, including banks, credit unions, and online lenders. Obtaining a business loan requires careful consideration of the business’s financial situation, creditworthiness, and repayment ability.

We at Clix Capital offer unsecured Business Loans with minimal documentation at competitive interest rates.

Why Do You Need Business Loans?

As a business leader, you know the importance of ready cash. Availability of funds helps hire skilled professionals, purchase equipment, invest in trending digital marketing strategies, pay salaries, and increase the business’s growth. Crucial business processes and decisions may or may not work out, but work must not stop. And a momentary lack of funds shouldn’t pull down an otherwise sound business. You can begin your application for fast Business Loans on our website and we’ll take you through everything from there.

Let us go through the step-by-step procedure of applying for a Business Loan.

Step-by-Step Procedure to Apply for a Quick Business Loan

Follow the right procedure to get the best option for your business:

Step 1: Do Your Research

You will get hundreds of results when you search for ‘I need a Business Loan’ online. With so many options available, it is important you choose a reliable lending institution that can offer you the best terms and conditions for Business Loans.

Weigh the costs and benefits and compare significant criteria like interest rates, the requirement (or not) of collateral, loan tenure and amount, EMI, loan application charges, loan disbursal procedure, customer service, and customer feedback.

Pro tip: Prefer to apply for the Business Loan online, it’s easy, saves time and effort, and, most importantly, the approval and disbursal are quite quick as well.

Step 2: Choose the Type of Loan You Want

We at Clix Capital specialise in providing unsecured Business Loans to businesses with flexible repayment terms and minimum documentation.

We offer two types of Business Loans:

• Term Loan: A Term Loan funds high-cost investments, like business expansion or purchasing tools or machinery for a smooth-going business.

• Working Capital Loan: With this loan, business owners can easily finance their daily expenses. It enables entrepreneurs to operate and grow their businesses by freeing up cash.

Choose the one that best suits the needs of your business.

Step 3: Assess Your Eligibility

Whether you are a corporation or a limited liability company, a partnership or a sole proprietorship, you can qualify for a quick Business Loan if you meet our simple eligibility criteria.

• You can get fast Business Loans if you own a proprietorship, private limited company, closely held non-listed company, or a partnership firm in the manufacturing, trading, or services sector.

• You should be an Indian citizen.

• Your age should be between 21-65 years.

• Your business should be in operation for at least three years.

• Your minimum annual turnover should be Rs 1 Crore.

• You should have a CMR score of up to 6 and a CIBIL score of 700 or above.

If you fulfil the minimum basic criteria, you can easily qualify for a loan of up to Rs 50 lakhs with a repayment tenure of 12 to 36 months.

Also Read :- What Are The Factors Affecting Your Business Loan Eligibility?

Step 4: Clearly Define Why You Need the Loan

It is better to define the need for Business Loans so that you don’t overestimate the amount or borrow more than you need. Create a clear business plan and keep your outline crisp and to the point. You must clearly define the purpose of your business, analyse its past performance, and outline its future business aspirations.

Use Business Loan Calculator – a free-to-use tool available on our website – to calculate EMIs based on the required loan amount, interest rate and repayment tenure. You can change the variables to find the best loan plan as per your needs and budget.

Step 5: Understand the Features of Online Business Loans

Our Business Loans are unsecured loans that can be availed without collateral with minimal documentation. All you need to do is apply on our website for faster sanctions. Register with your phone number, enter your basic details and submit. Get a call from our representative for quick in-person verification. Once verified, you get the loan offer.

Step 6: Get Your Documents Verified to Ensure Quick Approval

Our documentation process is quick and simple. You need to have valid address proof, identity proof, financial documents, and proof of ownership. For detailed information, you can go to our Business Loan page and get the information in detail.

After a quick in-person verification, you will get your approval instantly, and the loan amount will be disbursed to your account. Business Loans are a blessing for organisations looking to strengthen their operations or aiming for massive business expansion.

Applying for a quick Business Loan is simple and easy with Clix Capital. Our unsecured Business Loans with minimal documentation and competitive interest rates support numerous businesses in real time. Also, our eligibility criteria is easy to meet, so pick up your smartphone or laptop and apply for a fast Business Loan now!

Also Read :- Business Loans in India – Know Its Benefits, Deciding Factors & Application Procedure

February 28, 2023 Business Loan 870

Share this on:

About Author

Harshit

Harshit Agrawal has a 13+ years of experience in managing digital assets and marketing for BFSI, Auto and Lifestyle brands, and currently working as AVP- Digital Marketing at Clix Capital.