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Working Capital Loans for SMEs

Adequate working capital is critical for SMEs to operate seamlessly and achieve growth. But, there are times when the absence of working capital causes undue stress and pressure upon SMEs. Under these circumstances, Capital Float’s working capital financing products can become a quick solution to the pressing problem. These easy, quick and collateral-free short-term loans can be used to address urgent business needs or growth opportunities.

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Loan Amount

₹5 lakhs - ₹50 lakhs

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Credit Criteria

Customized credit underwriting

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Loan Tenure

1-3 years

HOW IT WORKS
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APPLY

Apply anytime, from anywhere in just 10 minutes for working capital loans

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Upload

Digitally upload scanned copies of the required documents

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Avail

Backed by cutting-edge technology, we disburse the loan amount in just 3 days.

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Repay

Choose from our easy and flexible repayment options.

...
APPLY

Apply anytime, from anywhere in just 10 minutes for working capital loans

...
Upload

Digitally upload scanned copies of the required documents

...
Avail

Backed by cutting-edge technology, we disburse the loan amount in just 3 days.

...
Repay

Choose from our easy and flexible repayment options.

BENEFITS

SMEs can respond to untimely gaps in cash flow, seasonal lulls in business or unforeseen requirements with quick and easy collateral-free working capital loans from Capital Float. The process does not entail tedious paperwork and wait times are sizably reduced as funds are disbursed in just three days. Some of the benefits of availing working capital loans include:

  • Simple online application
  • No collateral required
  • Loan amount in 3 days
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TESTIMONIALS
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Vinod
Manufacturer of fiber optic products

Advanced Fiber Solutions

Business has grown by 45% after working with Capital Float and we have added more customers. They have been supporting us in an honest manner. The best thing is that everything is system driven and convenient. Everything gets done through the app.

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Shankar
Distributor of air conditioners

Sri Sathya Sai Marketings

It was difficult to get unsecured loans from banks. But, the Capital Float experience was very good. They took all my information online and I got my funds within 4 days. The interest rates were also much lower than compared to other banks.

INTEREST RATE, FEES AND EMI CALCULATOR

We believe in complete transparency. There are no hidden charges involved; a minimal processing fee of 2% of the loan amount is charged to the customer. The interest rate starts at a competitive 15% and is decided on a case-to-case basis. EMIs for various loan amounts can be evaluated using our EMI calculator.

Interest range 15%-24%

* Flat

Processing Fee of up to 2%

Low prepayment charges

Flexible repayment

EMI Calculator

Loan Amount

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Your EMI

₹ 0

ELIGIBILITY
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Business History

A registered business with an operational history of 3 years or more

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Financials

Annual business turnover of over ₹1 crore

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GST

GST returns of your business for the last 6 months

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Bank Statements

Business banking account statements of the last 6 months

FREQUENTLY ASKED QUESTIONS

Capital Float is a unique business loan provider because we understand the difficulties SMEs face in obtaining financing from traditional lending institutions. We also know how important it is to have a steady cash flow to make the most of every growth opportunity. This is why we have designed quick financing solutions specifically for the working capital needs of SMEs in India. Here are some of the reasons why you should opt for a working capital loan from Capital Float. 

 

  • Easy online application process – No need for multiple visits to the bank or standing in long queues
  • Loan amount ranging from as little as ₹5 lakhs to as much as ₹50 lakhs, depending on the type of unsecured business loan you choose
  • Minimal paperwork
  • Customized credit underwriting criteria to meet the unique needs of different types of SMEs
  • Flexible repayment with loan tenures ranging from 6 months to 3 years, depending on the loan product
  • Funds in 3 days

Our products cater to a wide range of SMEs. Therefore the eligibility criteria of our products are designed to be inclusive. Here are some of the criteria: 

 

Term finance: 

  • Registered business with an operational history of 3 years or more
  • Annual business turnover of over ₹1 crore
  • GST returns for the last 6 months
  • Business banking accounts of the last 6 months

 

Loans against card swipes:

  • GST registered business with an operational history of at least one year
  • Annual turnover of at least ₹20 lakhs
  • Minimum monthly card volume of ₹2 lakhs
  • Minimum card acceptance vintage of 6 months

 

Our working capital term loans for SMEs and MSMEs in India are meant to fund any operational business expense. Usually, businesses seek our quick and easy loans to:

 

  • Expand their business to a new location
  • Renovate their office/shop/showroom space
  • Purchase new equipment or upgrade technology
  • Replenish inventory
  • Execute marketing campaigns
  • Create a financial cushion during the lean season

Our customized, collateral-free credit solutions ensure that you aren’t burdened by any part of the loan process; from application to repayment. This is why we only need basic documentation, such as: 

 

Term finance: 

  • GST returns for the last 6 months
  • Income tax returns for the last two years
  • KYC documents of the business entity and the business owner/s
  • Business bank statements for the last six months
  • Loans or overdraft sanction letters (if any)

 

Loans against card swipes:

  • Bank statements reflecting card settlements for the last 6 months
  • GST returns for the 6 months prior to loan application
  • Your and your promoter’s KYC documents.
  • Audited financial statements for large loan amounts