Making Business ‘Credit’able- Financing Options for SME’s

by September 29, 2017 0 comments

There are multiple financing options available for SME’s to grow their business 

The business financing landscape is continually changing, with more options available to business owners than ever before. About half to two-thirds of these businesses seek financing from a number of places, from owner investments to non-bank sources. As small businesses continue to face
challenges when it comes to gaining access to capital and taking advantage of opportunities to grow, it’s important that they are seeking the right type of financing for their particular needs. There’s been a lot of focus on “alternative” lending recently, but how do business owners know when this is the right option to pursue?

One of the most obvious and common answers is that businesses seek financing when they’re faced with an unexpected opportunity or challenge that requires quick capital.

Talking about the SME’s, have lots of options for accessing capital. Moreover, they often face resistance from traditional options. This sector has been struggling to keep up with market transitions.

A SME require timely and adequate capital infusion through term loans and working capital loans, particularly during the early and growth stages. Historically the MSMEs have relied on following sources for financing their needs.

Tab Capital

For MSMEs, TAB Capital provides a wide range of financial solutions based on their diversified business needs. It currently provides loan products like

• Machinery/ Equipment Loan,
• Merchant Cash Advance – Loan against POS Machine
• Working Capital Demand Loan – To meet the
working capital requirement of MSMEs
• Unsecured Business Loans – Multi Purpose Business
Loan to serve various financial requirements in the
MSME segment.
• Loan Against Property (Industrial/Commercial/

• Loan to Professionals (CA, CS, Doctors, Architect) The company is always on a hunt to design new products in order to cater to diversified needs. It also provides the facility to give top– up on the loans every 6 months or provide an extended line of credit for their customers.

Talking about the criteria, rules and guidelines to avail the capital CA Abhay Bhutada, Chairperson & MD, TAB Capital highlighted, “At TAB Capital, we focus on certain basic and important criteria like Age of applicant should be in between 21 – 55 years, Business vintage should be more than 2 years & business annual turnover should exceed 15 Lakhs which are imperative in providing the basic approval instead of getting into the hassles of the lengthy approval process”.

TAB Capital analyzes the credit worthiness of a business before approval of loan by understanding
below parameters. Business Model & Scalability, Debt/Equity of Business,Banking ,Digital & Cash Sales ,Social Check, Credit Bureau check (CIBIL, EQUIFAX, HIGHMARK, EXPERIAN),
Business Networth, Educational /Technical Qualification of Applicant TAB Capital offers multi-purpose Business Loans which is designed as per the business need of Micro, small & Medium Enterprises.

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