Business Loan – Singroha Associates
Empowering Your Business Growth in Panipat
Table of Contents
Introduction
Singroha Associates, established in 2020 in Panipat, is your trusted partner for financial solutions, having successfully completed over 5,000 cases. Our Business Loan service is designed to fuel the growth of startups, small and medium enterprises (SMEs), and established businesses in Panipat. Whether you need funds for expansion, working capital, or equipment purchase, we connect you with top banks and NBFCs to secure the best financing options.
With a deep understanding of Panipat’s business landscape, we offer tailored loan solutions with competitive rates, flexible terms, and a hassle-free process, ensuring your business thrives.
Key Features
Our Business Loans are designed to meet diverse business needs with the following features:
- Loan Amount: From ₹5 lakh to ₹2 crore, based on business requirements and eligibility.
- Competitive Interest Rates: Starting at 10.5% p.a., varying by lender and credit profile.
- Flexible Tenure: 1 to 7 years, allowing affordable EMIs tailored to cash flow.
- Quick Approvals: Loan processing within 3-7 working days for eligible applicants.
- Minimal Documentation: Streamlined paperwork for a seamless experience.
We partner with trusted institutions like Kotak Mahindra Bank and Hero Fincorp to deliver these benefits.
Types of Business Loans
We offer a variety of Business Loans to suit different needs:
- Working Capital Loan: To manage daily operations, inventory, and cash flow shortages.
- Term Loan: For long-term investments like expansion, new projects, or infrastructure.
- Equipment Financing: To purchase machinery or technology upgrades for your business.
- Invoice Financing: To unlock funds tied up in unpaid invoices for immediate liquidity.
- Startup Loan: For new entrepreneurs launching businesses in Panipat.
Our team helps you choose the right loan type based on your business goals and financial health.
Business Loan Providers
We partner with leading banks and NBFCs to offer you the best Business Loan options. Below is a comparison of key providers:
| Provider | Loan Amount | Interest Rate | Tenure | Collateral |
|---|---|---|---|---|
| Kotak Mahindra Bank | ₹50,000 – ₹75 lakh | 13% – 16% | 1-7 years | Optional |
| Hero Fincorp | ₹3 lakh – ₹40 lakh | 19% – 26% | 1-5 years | Not Required |
| Magma Fincorp | ₹10 lakh – ₹50 lakh | 11% – 15% | 2-7 years | Optional |
| HDFC Bank | ₹1 lakh – ₹50 lakh | 10.5% – 15% | 1-5 years | Optional |
| Poonawalla Fincorp | ₹3 lakh – ₹50 lakh | 12% – 18% | 1-5 years | Not Required |
| Bajaj Finance | ₹5 lakh – ₹55 lakh | 11% – 17% | 1-6 years | Optional |
Note: Terms are subject to change based on lender policies and applicant eligibility.
Eligibility Criteria
To qualify for a Business Loan through Singroha Associates, applicants must meet the following criteria:
- Business Age: Minimum 2 years of operation (1 year for startups in select cases).
- Annual Turnover: Minimum ₹10 lakh, varying by lender.
- Applicant Age: 21-65 years.
- Credit Score: 650+ preferred, though exceptions may apply for strong business profiles.
- Documents: Business registration proof, GST returns, bank statements (last 12 months), KYC documents (Aadhaar, PAN), and financial statements.
Eligibility varies by lender, and our team assists in ensuring your application meets partner requirements.
Application Process
Our streamlined application process ensures quick access to funds:
- Online Application: Fill out the loan application form on our website or visit our Panipat office.
- Document Submission: Provide KYC, business, and financial documents (e.g., GST returns, bank statements).
- Verification: Our team verifies your application and coordinates with lenders for credit assessment.
- Approval: Receive loan approval within 3-7 working days, subject to lender discretion.
- Disbursal: Funds are credited to your account upon signing the loan agreement.
We guide you at every step to make the process transparent and efficient.
Benefits of Choosing Us
Singroha Associates offers unique advantages for your Business Loan needs:
- Tailored Solutions: Customized loan options to match your business size and goals.
- Fast Processing: Quick approvals and disbursals to meet urgent business needs.
- Expert Guidance: Over 10 years of experience in financial services to guide you.
- Transparent Terms: Clear communication of rates, fees, and repayment terms.
- Trusted Partners: Access to reputed lenders like Kotak Mahindra Bank and Magma Fincorp.
We prioritize your business success with a client-first approach.
Why Panipat Businesses Trust Us
Singroha Associates is a preferred choice for Panipat’s businesses due to:
- Local Expertise: Deep knowledge of Panipat’s industrial and commercial landscape, from textiles to agriculture.
- Proven Track Record: Successfully facilitated over 5,000 financial cases since 2020.
- Community Focus: Commitment to empowering local entrepreneurs and SMEs.
- Reliable Support: Dedicated team to assist with applications, documentation, and follow-ups.