Business Loans for MSMEs

Overcome Your Cash Limitations with an Instant Business Loan for Micro, Small and Medium Enterprises

Any micro, small or medium enterprise (MSME) can face a shortage of cash. This does not mean that the organisation is underperforming or is generating poor revenue. Forward-looking enterprises often require extra cash to buy updated equipment, fuel further growth strategies and invest in new locations.

Capital Float understands the value of your business goals and is here to offer you an MSME loan without security. We provide loans to manufacturers, traders and service companies and do not require our borrowers to pledge collateral. As a digitally operating non-banking financial company (NBFC), we give you quick access to the funds you need for expansion and the upgrade of your enterprise.

Benefits of Collateral-Free Business loan for Micro, Small & Medium Enterprises

Loans from most of the conventional sources are available at “low” interest rates. However, MSMEs are still unable to borrow from them because they cannot afford to offer valuable financial assets as security required for such loans. The terms and conditions and the hidden costs of these secure loans can also be discouraging.

Alternatively, the quick MSME loans from Capital Float are not only unsecured but also more affordable. They carry no extra fee other than the interest rate and loan processing charges. With undemanding and straightforward eligibility criteria, the funds are available to businesses of all sizes.

Features of Business loan for MSMEs

Capital Float has a fully digitalised loan application process to help the owners of small and medium enterprises apply for funding at any time from anywhere. The features of available loans have been tailored to suit business interests and keep the repayment flexible.

Credit Ranging from 5 Lakhs to 50 Lakhs

Whether your business needs a few lakh rupees or almost a crore, Capital Float can provide for it. If an MSME applicant is creditworthy, we do not consider any amount too big or too small.

Credit term from 1 years to 3 years

The flexible nature of our MSME loan for traders, manufacturers and professional services also relates to the tenure of the loan, and you can always take a short-term loan if you don’t want your business to be debt-ridden for years

Instant Decisions

You may need an MSME loan for service company, to finance factory operations or for any other legitimate business. The decision on your application will be provided in minimum time, usually in less than an hour. We do not like to keep our clients waiting.

Transparent costs

When your application gets approved, Capital Float also reveals the entire price of funding. This price comprises interest and loan processing fee. You can check your monthly repayment instalments on our MSME loan EMI calculator.

No delays in disbursal

If your application is approved, and you agree to the costs associated with the loan, the loan amount reaches your bank account in 2-3 business days.

Does Your Company Qualify? Check Eligibility for MSME Loan

Capital Float does not ask for securities against its loans, and therefore most of the micro, small and medium-sized enterprises are included in the ambit of our customer base. Whether you need an MSME loan to buy machinery, to purchase new business premises or to increase your working capital for other productive activities, we have the right product for you.

All we need from businesses is a good standing in the market and the potential for growth. If you have no blots on your credit history and have consistent earnings, you are eligible for a Capital Float MSME loan for manufacturers, traders and a host of professional services.

The basic underwriting parameters are:

  • A minimum operational history of 3 years
  • Minimum annual turnover of 1 Cr
  • Availability of essential documents under our MSME loan document list (we need only soft copies)
  • Compliance with the existing Income Tax and GST laws

To know more about our business loan for micro, small & medium enterprises, contact our customer service team at 1860 419 0999.

How to Apply for an MSME Loan

A business loan for MSMEs has a simple, secure and speedy application process at Capital Float. Here is how the process works:

  • Fill in your personal and business information in the encrypted digital application on our website
  • Validate the details by uploading scanned copies of the corresponding documents
  • Submit the data for a quick review by our decision engines
  • Get the decision on your application within minutes

On every approved application, we disburse the amount in 2-3 days, and you can begin using the funds soon after.

Fee and Charges

Our collateral-free loans for MSMEs carry a nominal processing charge that is up to 2% of the approved amount. The rate of interest varies between 18% and 24%.

Capital Float have no other add-on fees such as loan administration charge, insurance premium, documentation fee and commission on letters of credit.

Do you not find your business eligible for MSME Loan?

Talk to us on 1860 419 0999 to explore more credit options for small businesses.