Short Term Finance for Small Businesses-No Advance Private Finance
Whether you’re a B2B service provider, manufacturer, trader
, or distributor operating on a wide-reaching scale,
you need fast working capital that not only covers your operational needs,
but helps expand and diversify your business too. Unfortunately, traditional lending institutions require extensive documentation before they decide to grant a loan of a significant ticket size. Add to that the inconvenience of long wait times before the loan gets accepted and the funds are disbursed. Avoid these unnecessary hassles with our ‘Term Finance’ which is ideal for SMEs with positive monthly cash flow and short-term investment requirements. This product packs all the benefits of an unsecured business loan with the added convenience of technology. With minimal documentation and speedy access to finance, you can fast-track your business growth and boost your profit margins. The online application form will only take a few minutes of your time.
Features
Loan amount from INR ₹3 Lakhs - ₹100 Lakhs
We offer you wide loan range, so you can avail the optimum amount to fund your business requirements.
Customised credit criteria
We understand that your requirements, resources and objectives are unique to your business. Therefore, we tailor our credit underwriting parameters as per the nature of your enterprise.
No prepayment charges
Traditional lending institutions charge you a fee if you decide to pay off the loan earlier than decided, based on your remaining balance. With Term Finance, we charge no penalty for the same, which means, you no longer have to worry about closing your loan obligation ahead of the pre-decided date.
Loan tenure of 1 to 3 years
Choose a flexible repayment option ranging from 6 months to 36 months according to the nature of your business and your cash flows. Our wide loan tenure ensures that you can opt for a finance option that is best suited for your enterprise.
Benefits
Get working capital within 3 days
In a fast-paced commercial world, timely access to funds has the power to unlock potential business opportunities. Therefore, we assess your creditworthiness in hours, and grant you a loan within 3 days.
Collateral free loan
Given the completely unsecured nature of Term Finance, you need not pledge any personal or business assets to secure a working capital loan. All we require from you is the listed documentation that you can digitally upload while applying for the loan.
Eligibility Criteria
SMEs that meet the following criteria are eligible for ‘Term Finance’
Your business must have minimum operational history of 2 years.
Annual business turnover must be over ₹ 30lks or audited financials.
Your CIBIL score should be over 600 also...
How to apply (Form)
VAT returns for the last 12 months
ITR – Financial documents for the last 2 years
KYC documents of the applicant and the organisation
Bank statements for the last 6 months
Loans or overdraft sanction letters (if any)
Fees and Charges
Finance urgent & Ordinary Salary, EMI Card Finance, Business, Property
Mortgage Bank&Private, Car, Bike Pledge 7299870518
www.spotcashchennai.in
Whether you’re a B2B service provider, manufacturer, trader
, or distributor operating on a wide-reaching scale,
you need fast working capital that not only covers your operational needs,
but helps expand and diversify your business too. Unfortunately, traditional lending institutions require extensive documentation before they decide to grant a loan of a significant ticket size. Add to that the inconvenience of long wait times before the loan gets accepted and the funds are disbursed. Avoid these unnecessary hassles with our ‘Term Finance’ which is ideal for SMEs with positive monthly cash flow and short-term investment requirements. This product packs all the benefits of an unsecured business loan with the added convenience of technology. With minimal documentation and speedy access to finance, you can fast-track your business growth and boost your profit margins. The online application form will only take a few minutes of your time.
Features
Loan amount from INR ₹3 Lakhs - ₹100 Lakhs
We offer you wide loan range, so you can avail the optimum amount to fund your business requirements.
Customised credit criteria
We understand that your requirements, resources and objectives are unique to your business. Therefore, we tailor our credit underwriting parameters as per the nature of your enterprise.
No prepayment charges
Traditional lending institutions charge you a fee if you decide to pay off the loan earlier than decided, based on your remaining balance. With Term Finance, we charge no penalty for the same, which means, you no longer have to worry about closing your loan obligation ahead of the pre-decided date.
Loan tenure of 1 to 3 years
Choose a flexible repayment option ranging from 6 months to 36 months according to the nature of your business and your cash flows. Our wide loan tenure ensures that you can opt for a finance option that is best suited for your enterprise.
Benefits
Get working capital within 3 days
In a fast-paced commercial world, timely access to funds has the power to unlock potential business opportunities. Therefore, we assess your creditworthiness in hours, and grant you a loan within 3 days.
Collateral free loan
Given the completely unsecured nature of Term Finance, you need not pledge any personal or business assets to secure a working capital loan. All we require from you is the listed documentation that you can digitally upload while applying for the loan.
Eligibility Criteria
SMEs that meet the following criteria are eligible for ‘Term Finance’
Your business must have minimum operational history of 2 years.
Annual business turnover must be over ₹ 30lks or audited financials.
Your CIBIL score should be over 600 also...
How to apply (Form)
VAT returns for the last 12 months
ITR – Financial documents for the last 2 years
KYC documents of the applicant and the organisation
Bank statements for the last 6 months
Loans or overdraft sanction letters (if any)
Fees and Charges
Finance urgent & Ordinary Salary, EMI Card Finance, Business, Property
Mortgage Bank&Private, Car, Bike Pledge 7299870518
www.spotcashchennai.in
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