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A digital prescription for the pharma industry

Pursues or desires to obtain pain of itself our because it is pain, but because occasionally can procure great pleasure.

Oct 24, 2018

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How Short Term Loans Helps Small Businesses in India

A competitive environment works as a catalyst for growth for businesses, large, medium or small. Small businesses in India have been flourishing in a disorganized market for a while now, capitalizing on trends and changing consumer preferences. Yet one of the challenges they have to deal with is the lack of timely funds, whether by way of short-term business finance or investment in technology or infrastructure for scaling up. The struggle to get affordable financing has resulted in many Small and Medium Enterprises (SMEs) failing to realize their full potential.

This scenario is changing for the better. Term loans offered by online finance companies like Capital Float are your new-age finance options for seizing business opportunities that come your way. A trust-worthy financial partner that you can rely on, Capital Float has helped  enterprises boost their profit margins with convenient short-term business finance options. While some businesses require high liquidity, some may not; but no enterprise can work effectively without adequate cash flows. Restrictive lending policies, inflexible collateral requirements and slow disbursement times offered by formal financiers are of no help to SMEs.

Term loans from online lenders offer a way out of crippling interest rates and the chronic cycle of debt. Read on to find out why it makes sense to seek short-term loans in India.

Easy application procedure

As compared to traditional banks, online lenders such as Capital Float offer the convenience of filling out a 10-minute application form from anywhere, anytime. Digitally uploading required documents translates into an easy and hassle-free process. Given this day and age of instant connectivity, this isn’t a tough task; but going through the multiple layers of process at a conventional bank is.

Prompt approval

Apart from a laborious process of submitting umpteen documents and heavy paperwork, it is likely that a conventional lender will keep a small business owner waiting for loan approval. Compare this to a situation where applicants receive instant approval in minutes. Short loans are the lifeblood for a business. Meeting a smooth supply chain, daily payments, urgent expenses and several other unforeseen expenditures are part and parcel of business operations. Thus lack of liquidity can have ripple effects on many aspects of a business. Through quick approvals for term loans, online lenders ensure SMEs avert such crises with short-term business finance, available practically at their fingertips.

Not just fast, friendly too

Unless SMEs have some collateral to offer, turning to conventional lenders for term loans might be futile. Traditional banks are highly inflexible when it comes to scanning an applicant for short loans. Public Sector banks require a business to be running for at least three to five years to be eligible for a loan. The same holds true for private banks, traditional NBFCs and moneylenders. This is where new-age fintech lenders make a difference. Far more customer-friendly, and digitally enabled, lenders such as Capital Float provide Small and Medium Enterprises even as young as one year old with short term business finance. Aspiring entrepreneurs need some handholding when it comes to finances. These digital lenders are here to do just that.

Easier on the pocket

Term loans acquired through traditional means dig deep into your pockets. But, those availed of online are far easier for a number of reasons, including.

  • Pre closure penalties go up to 5% of the loan. This isn’t the case if you choose to get short-term business finance from Capital Float. We levy no such charges on clients if they wish to close the loan ahead of the term.
  • The processing fees for a short loan offered by traditional lenders start from 2% and in many cases go up to 3%. Financing through Capital Float means SMEs only have to bear a fee of up to 2% in processing fees.
  • An online lending platform offers small business applicants the flexibility of loan tenure— they can choose from anywhere between 1 month to 12 months. Conventional lenders and most private banks don’t offer term loans for that short a period.
  • Short-term business finance procured from PSUs, private banks and traditional NBFCs carry a hidden charge. SMEs don’t have to worry about that when they approach Capital Float for a short loan.
  • Strict repayment options are one of the characteristics of a term loan procured through traditional means. These work on an EMI-only basis. Would it not be far more convenient to have a choice of flexible repayment? All of Capital Floats’ financial products come with easy repayment options. All loan products are offered at a reasonable interest rate.

Variety of loan products

At Capital Float, we understand that every SME works in an unique environment and has particular working capital needs. Keeping this crucial fact in mind, the company offers innovative and flexible credit products to meet a variety of financial needs. Delivered in an efficient and customer-friendly manner, our short-term business finance is here to help SMEs meet their credit requirement anytime.

SMEs can choose from a host of short loan products that best match their business needs. These include Term Finance, Online Seller Finance, Pay Later Finance, Merchant Cash Advance, Supply Chain Finance and Taxi Finance. Capital Float believes in being transparent in its business transactions and boasts of a wide customer base. B2B service providers, manufacturers, traders, distributors, and aspirational taxi or kirana storeowners are part of Capital Float’s customer base, as its products have helped all these businesses bridge the credit gap comfortably.

There has been a steady growth in the number of small and medium enterprises in the country over the past five years. More interesting, the sector is opening up avenues for tech-driven innovation. However, this flourishing sector still requires substantial monetary support in order to improve its higher global competitiveness over the next five years. Conducive governmental policies along with easy access to finance will greatly enable ease of doing business. In addition, short-term loans for businesses in India, sought through fast, friendly and affordable means, are what will nurture India’s entrepreneurial spirit.

Oct 24, 2018

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No Such Thing as Too Many Cooks

As an organization, we are out to ‘Break Limits’. We have arrived at the august club of ‘fastest growing financial services organizations’ in the shortest possible time, but that hasn’t been down to all work and no play. We have taken a ‘human first’ approach —we have a fun, personal side that we often tap into to unleash energies that are waiting to find expression.

At heart, an organisation is usually a reflection of its employees. People from different parts of the country, from different verticals and industries, come on board to join forces as a team, out to achieve common goals. What’s the secret sauce that binds them in this mission?

Capital Float Cookout

 

Capital Cookout - Chennai

India is a myriad mix of colours, culture, terrain, weather and of course food! It is not surprising that Indians are by nature great foodies and passionate food critics. Quality, taste and creativity are found in abundance, and bonding over food is in our DNA. Perhaps this was the reason why our people resources team decided to spice up life by organising a free-for-all cookout. Going by the results, they were well on target!

Held in Delhi and Chennai, the Capital Float Cookout was a food fiesta sprinkled with healthy doses of competition, cooperation, fun and, of course, food. Our Delhi office saw a “fireless cooking competition”, which involved 15 minutes of introduction, 45 minutes of cooking and 15 minutes of evaluation. It takes a lot of creativity and courage to cook up dishes that haven’t seen “fire”. The session in Chennai was colourful with a lot of variety. The Chennai office fielded five teams of seven members each and cooked up a storm of three to four dishes per team. The top three earned compliments, culinary fans and Amazon gift vouchers.

In all of this, a culture was created and seeded—a culture of camaraderie, fun, togetherness, friendship and cooperation.

Spirit of Fun and Togetherness

Capital Cookout - Delhi

 

Winners were not the only ones to stand out in these cookouts. What stood out was the fiercely competitive zest of the people trying to help their own competitors. What stood out was the happy backslapping among the teams and the sharing of food that was made for what was supposedly a “competition”.

Language barriers, functions, departments and designations all melted in the cooking pot, creating a cohesive team. And when a bunch of individuals come together as a team, there’s seldom any competition within. In the process, the team’s human side stands out—a sense of humour here; a deft salad chef there; an unexpected leader, musician and dancer. Interesting stories about each person emerge and amalgamate to create our unique culture – a culture of togetherness.

Moving forward, we will be organising the ‘cookout’ in various other office locations, beginning with Mumbai in a couple of weeks. This activity is surely going to stay, appeasing the palates of our team members and stirring a broth of excitement across the organization.

Oct 24, 2018