Petrol pumps all over the country have been witnessing a surge in cashless transactions owing to a variety of reasons, the prime attribution being the Government’s Digital India initiative. Consumers who conduct digital payments on a regular basis are incentivized. This has led to establishments handling large volumes of transaction on a daily basis, especially petrol pumps, recording higher sales through card settlements.
Like any other retailer, fuel providers too require a steady source of working capital for petrol pump, from restocking fuel when prices are lower to investing in scaling logistics and operations. Capital Float now offers petrol pump owners with a unique opportunity to monetize this rising trend by providing loan for petrol pump on card settlements. Merchant Cash Advance for Petrol Pumps is an ideal credit product for enterprising businessmen like you with consistent card settlements and short-term working capital requirements.
Through this collateral-free credit product, petrol pumps can avail up to 200% of the monthly revenue generated through Point-of-Sale machines. We have partnered with multiple point-of-sale (POS) card machine vendors such as Pine Labs, MSwipe, ICICI Merchant Services, MRL Posnet, Bijlipay, etc. Our partnerships have made it possible to disburse quick, hassle-free working capital for petrol pump owners within 3 days.
Funds Ranging from ₹1 lakh - ₹1 crore
To ensure that you’re never short of funds, Merchant Cash Advance provides you access to quick business loans up to ₹ 1 crore, depending on your monthly card settlement.
Loan Tenure of 9 to 12 months
With our extremely flexible repayment terms, you can apply for a loan for a tenure of 6 months, 9 months or a year.
Loan Amount up to 200% of your Monthly Card Settlement
With Merchant Cash Advance, you can receive funds up to 200% of your monthly sales from card payment machines. Therefore, the higher you earn from card swipes, the higher the petrol pump loan is likely to be.
Quick, Hassle-free Online application procedure
The entire procedure takes just 10 minutes of your time, including filling out an application form and digitally uploading the requested documentation.
Through our data-driven competencies, we render the loan decision within hours, and deliver loan for petrol pump to your bank account within 3 days so that you waste no time in covering an unexpected business expense or capitalizing on a lucrative business opportunity.
The eligibility criteria for Merchant Cash Advance is fairly simple and user-friendly. Ensure that the following terms are met while applying for petrol pump finance:
Keep digital copies of the following documents handy at the time of application for working capital for petrol pump:
At Capital Float, we pride ourselves on conducting business in the most transparent manner. For any loan you avail, we typically charge a processing fee of 2% of the availed amount. There are no hidden or pre-closure penalties during or after your application procedure.
Disclaimer: Note that this credit product cannot be considered as a loan for opening petrol pump or as a loan for new petrol pump.