I was approached by the team the very same day I filled my application form and took the required paperwork. Within 5 days I received my loan funds in my bank account.
Arun, a fitness junkie himself runs a sports apparel store in the suburban extensions of the national capital. Sports, forever a passion for him, he says that he couldn’t have thought of himself doing anything else. “Our neighbourhood has always had that vibe for sports. Having grown up in surroundings full of fitness centres and sports facilities, I already had a market amongst a huge peer group here.” Serving a set of customers who precisely know what they are looking out for, he has to constantly keep upgrading his offerings in this fiercely competitive era of online shopping. “Including new brands and their latest apparel designs demands for a huge one-time shell out that I do not wish to do as a part of my daily op-ex.” Also, seasonal nature of the apparel business in India comes with its own risks relating to your inventory.
Operating a shop in a high footfall area, Arun is always on his toes and barely has time to leave to do anything else. “All my paperwork is legit, and I own both my business and residential premises. But what I can’t do is leave my work and go about filing my business loan application in banks. Arun already a PoS machine installed in his shop for over 3 years. He just entered his transaction figures with relevant proofs while filling his LoanSimple application form on the website. “I was approached by the team the very same day I filled my application form and took the required paperwork. Within 5 days I received my loan funds in my bank account.
He used these funds that he had raised for 3 months to stock for the winter months and successfully closed his loan by the end of the season. Having already being offered two top-ups, Arun looks ahead for more LoanSimple support.See Other Stories