A business loan is a form of financing that can assist in resolving cash flow issues, capitalizing on growth opportunities, and even increasing the value of a company. However, it is critical to plan ahead of time for a loan and understand the documentation required by a lender when you apply.
Wondering how to get a small business loan? A small business loan is obtained by applying to a business lender, typically financial institutions like banks or non-banking financial companies (NBFCs), by providing the necessary details and documentation.
Grow your business with collateral-free business loans
Types of Small Business Loans at Kinara Capital
1. Working Capital Loan
Cash flow is the lifeblood of any business, so having access to capital is critical. Businesses, especially micro-small-and-medium enterprises (MSMEs), can struggle to keep their operations running if they do not have enough capital. Thus, to maintain a stable working capital, you may need to avail of working capital loans.
At Kinara Capital, you can apply for a collateral-free Working Capital Loan to cover your business's short-term operational needs. These loans can assist you in maintaining a consistent cash flow, seizing a new opportunity or order by purchasing raw materials on time, and facilitating cyclical sales if yours is a company that relies on seasonal business. Take a 1-minute eligibility check for a working capital loan on our website and move one step closer to receiving your loan.
2. Asset Purchase Loan
If you are looking to finance equipment or machinery for your business, an Asset Purchase Loan from Kinara Capital can help support your purchase. Use this loan to refurbish, modify, or replace existing machinery or equipment.
You can also upgrade or repair defective machines or appliances, which will improve the quality of the products. Improved quality leads to increased customer satisfaction, which further leads to an increase in orders.
3. HerVikas Loan
Kinara Capital has made it simple for women to obtain business loans. We recognize that obtaining loans presents numerous challenges for women entrepreneurs due to cultural biases and other systemic issues. So, we provide discounted and collateral-free business loans to women from Rs. 1 Lakh to Rs. 30 Lakhs under the HerVikas scheme.
Step-by-step Online Application Process
Now let us come to the most important part: how to get a small business loan. At Kinara Capital, we have a fully online application process. All you have to do in order to get a loan is follow these steps:
- Quick Eligibility Check
In less than a minute, you can find out if your business qualifies for the loan! You can access the eligibility check in seven different languages available on our website for a seamless experience.
The business and the entrepreneur are screened by validating the KYC and registration details.
- Document Upload
You need to submit your KYC, applicant, co-applicant, business KYC (ID and address proof), applicant PAN Card, business registration document, last 12 months' bank statements, GST registration (if available), and business vintage proof.
- Loan Approval
Once you complete the process, your loan application will be reviewed, and if everything is in place, the Kinara officers will approve your loan.
Once your loan is approved, you will receive the loan amount directly in your account within 24 hours.
Take the Next Step with Kinara Capital
Finance, manpower, and technology are critical requirements for any business. Among these, finance is perhaps the most important since it allows a business to meet all its other needs. Thus, the required cash flow is critical for business expansion because it can be used for a variety of purposes to help your company grow.
To expedite the growth of your business, you can use the loan amount for a variety of purposes, from expanding to a new location to purchasing the necessary equipment. You are free to allocate the money however you see fit. It enables you to distribute funds based on the needs of your business
So, apply for a business loan with Kinara Capital today!
- MSME Loan
- Business Financing
- Business Loan Eligibility
- Fintech Loan