Sole Proprietor Loans for Small Business

Small retailers like you have always been the single main source of goods and supplies for neighborhood communities. Yet, you have been denied access to formal finance owing to collateral requirement, lack of credit history and documentation. Also, traditional financial institutions do not offer small-ticket short tenured loans that small store owners often need. This might have taken a toll on your business operations and halted its growth.

Proprietor Loans is a customized finance solution designed for small store owners such as salons, medical stores, kirana stores, mobile phone retailers, small restaurants, etc. who are associated with our partners. You can avail this loan for small store as a regular term loan (Unsecured Business Loans), loan against card swipes (Merchant Cash Advance) or revolving credit facility (Pay Later). By leveraging the benefits of an increase in cash flow and existing relationships with customers, you can experience high profitability and strengthen your foothold in the domestic market with Proprietor Finance.

Features & Benefits

Business Funds up to ₹5 lakhs

The amount of loan for kirana store you can avail varies according to the type of Proprietor Loan you choose, such as:

  • Loan against card swipes: up to ₹5 lakhs
  • Revolving credit: ₹25,000 - ₹5 lakhs
  • Regular term loan: ₹25,000 - ₹2 lakhs

Customized Loan Tenure

Based on the Proprietor Loan model, the duration of the sole proprietorship loan also differs. The loan against card swipes and regular term loan can be procured for a tenure of 6 to 9 months. For the revolving credit facility, the loan tenure is set at 12 months.

Easy Loan Application via Mobile App

The process of applying for Proprietor Loans takes places through a dedicated mobile app, which can be downloaded from app stores. Through the app, you can apply for business funding from the comfort of your home or store and submit the required minimum documentation digitally. The entire procedure is completed in less than 3 minutes.

Instant Loan Disbursal

Post approval of your loan application, you can receive the loan for shopkeepers to your bank account instantly, so that you waste no time in covering an unexpected business expense or capitalizing on a lucrative business opportunity.

Diverse Range of Segments Serviced

Proprietor Finance covers a wide range of small retail verticals, including neighborhood mom-and-pop stores, salons, medical shops, mobile phone retailers, small-scale restaurants and food outlets, etc.

Eligibility Criteria

The eligibility criteria for Proprietor Finance are fairly simple and user-friendly. Ensure that the following terms are met before applying for this small business loans for sole proprietorship:

  • Partner Vintage - A minimum operational history of 1 year with the platform you are associated with (eg. Amazon, Paytm, Paywold, Wirecard, Metro Cash & Carry, etc.).
  • Terms and conditions specified by the operating platform

How to Apply

  • Download the dedicated Capital Float app for Proprietor Loans.
  • Fill in the Sign Up form.
  • Enter your PAN information, add OTP from your registered mobile number.
  • Accept the pre-approved loan offer.
  • Upload the required documents to complete loan application.
  • Receive instant kirana store financing in your bank account.

Documents Required

Keep digital copies of the documents given below handy at the time of application of small business loans for sole proprietorship.

  • KYC documents for ID proof
  • KYC documents for address proof
  • Aadhaar Card (to be linked to mobile number and email id)
  • Business KYC Documents (any ONE of CST, VAT, TIN, Shop Establishment Certificate, Grampanchayat Certificate, IT Returns)
  • PAN Card

Fees and Charges

At Capital Float, we pride ourselves on conducting business in the most transparent manner. For Proprietor Loans, we typically charge a processing fee of 2.5% of the availed amount. There are no hidden or pre-closure penalties during or after your application procedure.

Apply Now