When you are an entrepreneur operating a small business, you might face an urgent requirement for credit in order to maintain a healthy working capital to take care of your operational needs while expanding or diversifying your business. In order to meet such types of financial requirements, you can apply for a short-term loan through Capital Float. These loans can be availed by B2B service providers, distributors, traders, and manufacturers who are operating on a wide-reaching scale. The short-term loans for small businesses offered by Capital Float require minimal documentation. Furthermore, the company also ensures that the loan applications are approved as quickly as possible so that the customers can get access to collateral-free credit without having to wait too long.
Headquartered in Bangalore, Capital Float is a non-banking financing company (NBFC) registered with the Reserve Bank of India (RBI) that provides an online platform to small and medium enterprises (SMEs) through which they can borrow short-term loans. These loans can be used by the merchant to meet any kinds of business requirements such as inventory purchase, cash cycle optimisation, new order servicing, etc. With minimal paperwork and a simple application process, customers can be assured that their loan applications at Capital Float will be approved in no time and the funds will be transferred to their account within as less as 3 days.
Since it is difficult for SMEs to secure a traditional loan from a bank, Capital Float strives to bridge the current gap in the lending market by offering flexible loan products to SME borrowers that will allow them to gain access to simple and collateral-free credit for a short term. The company has a team of expert professionals who hold degrees from the leading institutes in the world such as Princeton University, Stanford University, The London School of Economics, IIT Mumbai, and Delhi University. The knowledgeable staff of the company has working experience in blue-chip companies such as Wipro, Gokaldas Exports, McKinsey & Company, Oracle, Capital First, and Citibank.
Learn about the features of Capital Float Short-Term Loan for Small Businesses by checking out the list mentioned below:
There are numerous advantages to applying for a Capital Float Short-Term Loan for Small Businesses. See the list mentioned below to learn about them in details:
With a loan application process that takes less than 10 minutes, customers can apply for a short-term unsecured loan under this scheme to meet all their business financial requirements. The rate of interest offered by Capital Float under this plan depends on numerous factors such as loan amount, repayment tenure, borrower’s credit score, etc. Once an individual applies for this type of a loan, the company receives the borrower’s details through the application request along with the documents submitted. Capital Float evaluates this information to deduce the eligible loan amount and interest rate. Then, a representative of the company gets in touch with the applicant to process the application based on his or her requirement, situation, and repayment capability.
Capital Float prides itself on maintaining transparency during all its processes and transactions. Therefore, customers can be assured that they will not be charged any hidden fees. While the company charges a processing fee of 2% on the loan amount secured, any pre-closure penalty is not levied on the borrowers during or after the loan application.
As the name suggests, this loan scheme is available only for small and medium enterprises. The types of businesses that can apply for this loan are:
In order to be eligible for this scheme, the merchant must fulfil the following criteria:
While applying for this loan, you should ensure that you submit the documents mentioned in the list below:
Customers can use the loan EMI calculator available at the official website of Capital Float to learn how much monthly installment amount you will have to pay.
See the steps mentioned below to learn how to apply for this scheme:
Once all the details furnished by you have been evaluated by the company, a company official will get in touch with you to offer a custom-tailored loan that will suit your business requirement. After you select a plan that suits your needs and repayment capacity, your loan amount will be disbursed to your account within one week from the date of loan application.
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