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

by September 29, 2017 0 comments

Machinery Loan

Machinery Loan is a tailored financial product which helps MSME’s to raise financefor new & old machinery to take care of expansion and production needs. TAB Capital Limited offers quick Machinery Loan for Micro, medium and small-scale manufacturing units which are in need for
urgent capital for buying and upgrading equipment and also for increasing overall productivity.

Unsecured Business Loan

TAB Capital committed to providing unsecured business loans for MSMEs. Every Business has three stages to follow: planning, implementation, and expansion before it attains the maturity of being called as a successful company, and for each stage, an entrepreneur needs financial independence.

“At TAB capital, we work towards providing the financial independence and our customize unsecured small business loan aims to provide the right answer to MSME’s financial problems based on their needs”, Abhay added.

Merchant Cash Advance is a unique offering from TAB Capital Limited which helps Retailers/Traders & Restaurant Owners to convert future POS card swipes into current cash flows.

Retailers, traders, and restaurant owners can avail Merchant Cash Advance, if they accept credit or debit card payment for the daily business transactions. Merchant Cash Advance for small businesses can be used for execution of various business activities and satisfy their short-term operational requirements.

Working Capital Demand Loan

We offer Working Capital Loan for MSMEsthat are tailored to their financial needs and help businesses grab opportunities, take care of immediate needs and also grow to greater heights. The Working Capital Demand Loan is designed impeccably for meeting all requirements right from Inventory Purchases, Equipment Needs, Marketing Opportunities, Short-term capital needs, And more!

Loan against Property

TAB Capital Limited Offers Loan against Property across residential/commercial/industrial properties and MSMEs can now get access to desired amount for taking care of Business goals. Instead of letting their property sit as a dead asset, they can tap into the unused value of the same to obtain swift funding.

Loan to Professional

TAB Capital Limited offers tailor made loans for professionals including chartered accountants, company secretaries, doctors, architects, consultants and other practicing professionals. These loans are aimed at helping professionals grow their practices, buy new properties for setting up offices, remodel and revamp existing offices and also for foraying into new business domains. These unique loans are offered with attractive rates of interest for greater convenience.

Who and How to get the loan?

A fundamental principle of TAB’s digital lending platform is that anyone with internet access can apply online for a loan and be assessed accordingly.

For MSMEs, the lending process can be a stringent task to follow, so TAB Capital have created a simple digital lending process where a customer can easily apply for a loan, upload required documents online & get disbursement in 2 working days after verification & assessment.

This process remodels the lengthy loan processes into a completely digital solution which is fast and customer-centric and hence beneficial to the borrower since it is automated and streamlined.

Incred Finance

InCred offers a wide suite of products designed with a sharp focus on meeting the varied needs of the SME industry. They offer short term working capital loans, invoice financing (45-60 days), and medium term unsecured loans (24-36 months) and long term secured term loans (up to 10 years).

Incred’s loan products are flexible and can be tailor-made to suit the unique requirements and business cycles of each borrower.  For example for IT supply chain product, company provide financing both against regular stock and sell model besides providing one-time financing for lumpy tender based business requirements.

Saurabh Jhalaria – CEO, SME Business, InCred said, “We strongly believe in bringing a human approach to lending. Delivery of a superior and seamless customer experience across all touch points is extremely critical for us.”

Talking about the parameters and criteria to get the finance, InCred understand that an inadequate credit footprint and dearth of information make it difficult for SMEs to get finance.

At InCred, company use machine learning based algorithmic underwriting process to assess the credit worthiness of select SMEs. Apart from traditional financial statement analysis, legal entity analysis, etc., credit assessment is linked to a variety of parameters such as banking habits of SMEs, their relationship with their customers and suppliers, industry pattern analysis and inputs from personal discussions about the future prospects of the business.

“At InCred, we believe in serving our customers at their points of need. We have our own direct sales team and a large channel partner network through which we are reaching out to our customers. Customers can also get in touch with us by applying on our website (www.incred.com) or through our contact center”, Saurabh added.

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