Small Business Loans for MSME/SME

Enterprises today are busy expanding product lines, updating technology, improving marketing campaigns and hiring new talent to add to their bottom line. As a business owner, you too strategize to stay one step ahead of your competition. And when your business is trying to seize an opportunity at hand, it also needs quick funding.

Small business loans for MSME/SME provide a simple and low-cost way to borrow for commercial ventures. They help entrepreneurs to plug the sudden gaps in finance and cover a variety of expenses without delays. A micro, small and medium enterprise (MSME) loan boosts the cash flow of your business and fuels its seamless growth in the industry.

Capital Float understands how tedious it is for business owners to go through long formalities only to apply for a fast small business loan, let alone the indefinite wait period to get the approval. This is why we have revamped the entire process to make it simple, swift and flexible. Our application and approval rules are much simpler to understand than those of traditional lending institutions.

What makes getting MSME loans from Capital Float a simple task?

Submit an online application

Simply answer a few questions about your business, its tenure, its revenue and sales in our pre-designed application format and submit it for review. You can verify the credentials of your business loan without security application with soft copies of the related documents.

Find out if you are approved for the loan

Upon submitting the application, you will be notified of the decision typically on the same day.

Access the funds you need

Once your SME business loan application is approved, the funds will be deposited in your bank account in as few as 2-3 business days.

Documents to be Submitted with the SME Loan Application:

  • GST returns for the last 12 months
  • ITR - Financial documents for the last two years
  • KYC documents for the business and the business owner
  • Business bank statements for the last six months
  • Loans or overdraft sanction letters (if any)

What kind of business needs can be met by an SME loan in India?

SME Business funding from Capital Float can be used for any legitimate commercial expense. Most borrowers apply for these quick business loans to:

  • Expand an enterprise to a new location
  • Renovate the office/shop/showroom space
  • Purchase new equipment/upgrade technology
  • Replenish inventory
  • Invigorate marketing campaigns
  • Create a financial cushion during the lean season

We offer a wide range of loan amounts from Rs. 5 lakh to 50 lakhs, so that your business not only stays afloat but can also work towards its unprecedented growth at any stage of the business cycle.

How will your business maximise its chances of getting approved for the loan?

The approval for SME financing in India depends on a number of factors. However, we make them concise and simple to give more businesses a chance to get the funds they need. To qualify for this loan, your business should have:

  • A minimum operational history of 3 years
  • An annual turnover of over Rs. 1 crore in audited financials
  • Ensure that all the information provided in the application is up-to-date and supported by corresponding documents

Our business loans for SME are open to a variety of industries. With a financial backing from Capital Float, you can focus on your revenue-generating activities without worrying about the money that will materialise these plans.

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.