Business Loans for SMEs

Enable the sustained growth of your venture with a quick business loan for small and medium enterprises

Managing a small business is not easy. There may be occasions when funds dry up leaving the owners unable to upgrade or expand operations. Small and medium enterprises (SMEs) always plan for steady cash flow, but a lack of assets that can be used as collateral makes it challenging to find traditional, institutional financers.

With its friendly lending terms, Capital Float is focused on removing the hurdles that prevent small organisations from procuring the funds they merit. To get an SME loan for traders, manufacturers or other commercial services, you do not need to pledge any security to us.

Benefits of Unsecured Business Loan for Small and Medium Enterprises

Besides giving the flexibility to procure your SME loan without security or collateral, Capital Float offers customised finance solutions that provide maximum advantage to your business.

We have a range of credit products available on easy terms to suit the diverse needs of enterprises and professionals. The expectations of someone applying for an SME loan to buy machinery could be very different from a business borrower who seeks SME loan for service company. Our unsecured funding comes in a wide range to help you get the exact amount that you need. The tenure of the loan is also tailored to ease repayment by the borrowers.

The quick and straightforward disbursal process of our loans is another benefit that finds favour with SMEs.

Features of Business Loan for SMEs

Unsecured business loans offered by Capital Float are available to all SMEs, and the process of applying for these is concise, simple and digital. The bespoke product features include:

Credit Ranging from 5 Lakhs to 50 Lakhs

We provide SME loan for manufacturers, traders and professional services, which is why our range of credit is wide. Just assess your needs, decide upon the amount and apply with us for it.

The Term of Loan from 1 years to 3 years

The flexibility extends to the loan tenure, allowing you to stretch your EMI schedule as per your repayment plan.

Complete transparency

Capital Float reveals the total cost of the loan upfront leaving no room for disappointment or unpleasant surprises in the future. Before applying for your loan, you can use our SME loan EMI calculator to know the amount you will pay back in monthly instalments.

Instant Approval

Knowing how precious your time is, we don’t like to keep you waiting for a decision on your loan application. As soon as you submit your details and digital documents to seek a Capital Float business loan for small and medium enterprises, we initiate the review and inform you of the decision on the same day, often within minutes.

Quick Disbursal

Once your request for a loan is accepted, the actual funds reach your bank account in the next 72 hours.

Businesses Eligible to Take a Loan and the Eligibility Criteria

Any start-up or small/medium enterprise in the domains of trade, manufacturing and professional solutions can apply for a Capital Float loan.

We know that your business needs, strategies and current level of financial resources are exclusive to your organisation. To accommodate varying requirements, we have custom underwriting parameters.

The common criteria factors include:

  • A minimum operational history of 3 years
  • Minimum annual turnover of 1 Cr
  • Availability of basic documents to prove credentials (only soft copies are required)
  • Due compliance with the existing tax regulations

To check your eligibility for SME loan and the SME loan document list applicable to your business, you may call us at 1860 419 0999.

How to Apply for an SME Loan

This is an online and uncomplicated, 10-minute application process for all potential borrowers:

  • Fill in the secure application form to provide your personal and business details
  • Verify the information by uploading the related documents
  • Submit the data for a quick review by our team
  • Receive the decision on the same day

For every approved application, we disburse the funds within 72 hours, and you can start using them soon after.

Fee and Charges

Our unsecured small business loans have a nominal processing fee of 2% of the approved loan amount. The chargeable interest rate is in the range of 18% to 24%.

Capital Float DOES NOT levy any Loan Insurance Premium, Documentation Fee, Stamp Duty, Commission on Letters of Credit, Commitment Fee or any other statutory charges on its funding products.

Do you not find your business eligible for SME/MSME Loan?

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