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

by September 29, 2017 0 comments

Capital Float

Capital Float is a digital financing platform that provides quick and easy capital to help SMEs fund rapid growth and achieve their next milestone. The company also manages India’s largest online lending marketplace, with leading banks and financial institutions participating as lenders.

The various financing options Capital Float provides are:

Pay Later: A collateral—Free credit facility that allows the borrower to make multiple drawdown within a credit limit. The borrower can make bullet repayments and reset the credit balance, making this a rolling loan facility. Interest is charged on the drawdown amounts and not on the entire credit limit. The unique product was created by Capital Float. We’ve partnered with several prominent companies in the travel segment for this product, such as VIA, Yatra and Goibibo and computer peripheral sellers such as Savex and Compuage. This unique product has enabled Capital Float to service Channel financing requirements across varied ecosystems like Travel, IT Peripherals, Mobile phone distribution.

Kirana Loans – Capital Float offers micro loans to Kirana store owners in India. These loans are disbursed in less than 90 seconds. These loans are completely paperless in nature and are digitally processed and disbursed to the borrower’s bank account. There is little to no human intervention, as even the underwriting is done by algorithms. We have partnered with the likes of PayTM, Payworld, Oxigen, ItzCash etc.to serve customers in the kirana segment. Watch this short video to know more about this product.

Online Seller Finance: The e-seller space is highly competitive and we understand the need for e-commerce sellers to be able to quickly replenish inventory, effectively manage logistics and tactfully handle customer expectations. The partnerships with India’s biggest e-commerce platforms helps online sellers access fast and flexible working capital loans to operate optimally. Borrowers can opt for fortnightly repayments, preventing the burden of paying larger sums at the end of every month. Capital Float has partnered with Amazon, Flipkart, Snapdeal, PayTM, Shopclues, eBay, Alibaba, etc.

Taxi Finance – Company offer among the lowest down-payment in the industry, helping cab drivers to own and drive their own taxi on taxi-aggregator platforms like Uber and Ola. These companies deduct the weekly installment from their driver’s earnings and transfer the amount to Capital Float, before remitting the earnings to the driver’s account. The weekly installments reduce the burden of heavy EMIs on the driver.

Merchant Cash Advance: Businesses are actively using card payment machines to offer convenience to their customers. Apart from being integral to in-store sales, these devices can also help merchants acquire working capital to execute and expand business operations. Merchants can receive finance up to 200% of their monthly sales from card swipes.

Invoice Finance: Invoices can be liquidated into funds that can be used to fuel business operations. Borrowers can manage their payment commitments better with our invoice financing option. Companies product converts invoices into money that can be immediately deployed to get their business going. Borrowers can opt for the one-time bullet repayment mode to suit their cash flows.

Term Finance: This typical, unsecured business loan and is relevant to B2B service providers, manufacturers and distributors. The loan tenure ranges between 6 months to 3 years, making it a relevant product for different types of businesses.

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