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Equipment Financing Loans

What sort of loan is this, you ask? Well, as the name suggests quite clearly, an Equipment Financing Loan is a loan taken to help a small business purchase new business equipment right away by using that very equipment as collateral! Pretty nifty, eh? That’s why, it’s a popular form of financial infusion that entrepreneurs likes to resort to.

Since productive and top class equipment is an inalienable part of a small business that is dependent on equipment for its running, Gromor would like to play a part in making this something small business don’t have to spend sleepless night worrying about.

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Why Choose Gromor for an Equipment Financing Loan

For a business that needs equipment, not having it is akin to us human beings not having oxygen to breathe. The consequences of this can be debilitating. It is our promise that we are here to help you with equipment finance in the least cumbersome way possible.

Gromor enables small businesses and entrepreneurs to prosper more by providing them quick, unsecured business loans at attractive interest rates on fair and reasonable terms arrived at with the help of scientific evaluation algorithms and technology that quickly evaluate and disburse loans to interested businesses and entrepreneurs.

We are available during business hours across many channels. You can connect with us via email/whatsapp/phone/web chat on our website.

You can share documents via an email at info@gromor.in / whatsapp it to us at +91 88284 82009 or give us a call at +91 88284 82009 to coordinate the same.

Apply for an Equipment Financing Loan with Gromor and run your business confidently! Apply Now

FAQs

Answer

The interest rate that is offered to our clients is determined by analysis of the data that is submitted to us. The interest rate range is usually between 16% to 22% per annum.

Answer

We do not offer loans to start ups. We define startups as businesses that are less than 12 months old.

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We request you to please provide us with the following documents -

  1. Latest Balance Sheet & PnL (provisional/audited)
  2. Latest Audited Balance Sheet & PnL
  3. VAT/ ST Payment Challans (Last 1 Year)
  4. ITR for previous two years ( pdf)
  5. Bank Statement of all Bank Accounts for Last 12 Months (Bank Generated form or downloaded by Net banking)
  6. PAN Card & Address Proof of the Proprietor (Aadhaar, Latest Electricity Bill, Leave & Licence Agreement)
  7. Shop Establishment License/Gumasta
  8. GST Registration Receipt
  9. GST Receipts
Answer

All additional information is helpful. It would help us immensely if you share the following with us additionally -

  • Your Name:
  • Business Name:
  • Location:
  • Nature of Business:
  • Business operational since:
  • Loan Purpose:
  • No of Employees:
  • GST Registration Receipt
  • GST Receipts
Answer

We use the Statutory Registration or Compliance to establish KYC and evaluate our prospects. IF you do not have any of them in place then we will not be able to work with you. We would request you to get them in place and then reapply.

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Yes. If you have carried out all the business from one Savings Bank Account then please share atleast 12 month of Bank Generated Account Statements. We will use the same for our evaluation

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Yes. We can consider your application for a Business loan. You will however be needed to share some additional documentation with us.

Answer

We are available during business hours across many channels. You can connect with us via email/whatsapp/phone/web chat on our website.You can share documents via an email at info@gromor.in / whatsapp it to us at +91 88284 82009 or give us a call at +91 88284 82009 to coordinate the same.

Answer

This is ok. We request you to submit all the details for the person who is actually running the business.