Startup Business Loan

“We always delivered more than expected”

“Let’s Ready to Grow Your Business With PlanGrip”

If you are planning to a start new business, then you have to face the big challenge – Because finding the money to a start a new business is one of the toughest tasks a business owner face.

Well, if you may have some excellent idea for a business and even a solid business plan. Then, you are in the right place to chase your dream in reality with PlanGrip – Your one solution for all your business issues.

PlanGrip understands the growth aspiration of a startup business. Any business, big or small need finances to grow and we are always here to help you.

We offer a startup loan for new business or business needs. The documentation is easy, the processing is quick and the evaluation is transparent and simple. Apart from this, our specialist officers are always with you to make the best decision in your business. So, Hurry up! what are you waiting to apply for startup business loan online?

Product Features

Secured Business Loans

  • Loan amount $4320.90 to $3600.75
  • Doorstep services & convenient process
  • A reasonable rate of interest
  • 1% processing fees
  • Tenure ranging from 12 to 60 months
  • Repayments by cheques on a monthly/weekly basis

Unsecured Business Loans

  • Loan amount $1440.30 to $4320.90
  • Doorstep services & convenient process
  • A reasonable rate of interest
  • 2.25% processing fees
  • Tenure ranging from 12 to 36 months
  • Repayments by cheques on a monthly/weekly basis

What Is A Startup Business Loans?

The business start up loans are business financing instruments which help new entrepreneurs to grow his/her business. It provides loans to people who are willing to start a new business. Hence, these loans are specially designed to start a new company.

There are varieties of new business loans and financing methods available to new business owners. So, make your dream fly in the high sky with us.

Pros of Start up Business Loans

  1. Easy approval
  2. Quick access cash
  3. Collateral as the equipment acts
  4. You will have funds to start your own company
  5. Can build business credit
  6. Protect personal wealth
  7. Retain ownership
  8. Business owners with little or no financial history can take advantage of this loan.

How To Get A Startup Business Loan With Bad Credit?

Are you have having trouble getting a small startup funding? Startup loan for business really means a lot and if you think to get small business start up loans then this the best place to get a business startup loan. After all, PlanGrip works to give solution to every individual person.

Getting a loan to start a business is very easy. To apply for startup business loan, just fill our online application that avail in our site. It will take less than 20 minutes only with some online documentation. After that one of our credit specialists will help you to decide which startup business amount are good for your business.

Once you complete the online application process, you will get the decision within a few minutes and funding will be as soon as the next day.

What Score Is Considered As Bad Credit?

Bad credit means being denied a loan or can result in being charged at higher interest rates. This is just because the amount you pay is totally based upon your current market rate.

The credit score is classified into four categories, which includes;

    • Excellent Credit Score
      720-850
    • Good Credit Score
      690-719
    • Average Credit Score
      630-689
    • Bad Credit Score
      300-629
startup business

Why Apply for A Startup Business Loan Through PlanGrip?

  • Quick calculation – Our loan specialist helps you to calculate eligibility instantly.
  • The easy online application process – You can complete your application online in just 15 minutes with simple steps.
  • Establishing business credit – We help you to boost up your business credit.
  • No prepayment penalty – Repay your loan at any time.
  • Fast and simple documentation – Sometimes we ask for additional documents, but we make it easy for you to upload your files online at just one click.
  • Hassle free approval – Approval is almost as fast as you think because we know that you don’t have time to wait.
  • Secure process – Our first priority is to take the safety of your information.
  • No security or collateral required – There are no hidden or security charges for taking a loan.
  • Low-interest rates – All our finance solutions are offered at competitive business loan interest rates, which ensure that they can be easily affordable.
  • Easy monthly EMI  – It is easy to pay monthly payments and there is no penalty for paying off a loan early.
  • Quick disbursal – Once you are approved, you will get your fund within a working day.

What Are The Eligibility Criteria For Startup Business Loan?

There are various components that are viewed as qualified for a startup loan. In any case, business loan qualification criteria are different for each loan. What’s more, Let’s look at the eligibility criteria to qualify for a startup before applying-

  • Minimum age while taking a loan: 21 years
  • Maximum age while taking a loan: 65 years
  • The applicant should have a business plan
  • PAN card for firm and company
  • Must be registered a private Company
  • Business must not have more than 3 years of functioning
  • Getting approval from Department of Industrial Policy and Promotion (DIPP)

What Are The Documents Required To Apply For Startup Business Loan?

Here are some of the following documents which have to submit by the applicant who is going to apply for a startup loan.

  • Current project report
  • KYC documents – PAN card, aadhar card
  • Address proof- Ratio card, electricity bill, driving license
  • Quotation of equipment, machinery, furniture & other assets to be purchased
  • 2 passport size photographs of the applicant
  • ITR/ form 16A- mandatory for existing business
  • 6 months bank statement
  • Certificate and proof of business existence
  • Gram panchayat NOC
  • Business ownership proof and profile
  • Business specific license
  • Work orders, if any

Documents Required In The Case Of Guarantors

  • KYC documents
  • Passport size recent photographs
  • Electricity bill
  • 3 months’ salary slips
  • 2 years Balance sheet
  • Bank statement

How Do Startup Business Loans works?

Is just getting started and feeling lost already? Don’t get tensed we are here to guide you.

The universe of business financing can be misleading – particularly for the first time, for entrepreneurs simply striking it out without anyone else.

Startup business is challenging without having enough funds – But don’t worry PlanGrip offers a solution for business owners who don’t have long business history or finance yet.

As we know, there are a variety of different business startup loans as we offer you.

Maximum Amount Available In Startup Business Loan

One great thing about this loan is their payment structure is so easy to understand. There are no hidden fees, no complicated documents – just you, a lump sum of cash, and a fixed monthly payment.

The available amount will totally depend on the annual turnover of the company and of course your credit history.

“Get in touch with us to know more about our offerings and apply for the loan online!