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.
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.
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.
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.
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
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.
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.
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.
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:
To know more about our business loan for micro, small & medium enterprises, contact our customer service team at 1860 419 0999.
A business loan for MSMEs has a simple, secure and speedy application process at Capital Float. Here is how the process works:
On every approved application, we disburse the amount in 2-3 days, and you can begin using the funds soon after.
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.