With the festive season around the corner, the opportunity to amplify sales has also risen for MSME (Micro, Small, and Medium Enterprise) business owners. However, having a stable cash flow to stock up during the festive season is one of the significant hurdles faced by MSMEs.
Also, given the present economic slowdown in every business sector including MSMEs, it becomes more complicated for these small businesses to obtain finances and manage them for the upcoming festive season.
Hence to come out from such challenging situations, small business owners look for financing options, and this is when MSME or small business loan comes in.
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Top financing solutions for MSMEs to stock up this festive season
MSMEs (Micro, Small & Medium Enterprises) add to approximately one-third of India’s cumulative GDP and are therefore indispensable to the country’s financial growth.
And with innovative technology unlocking more avenues in the MSME sector, business people today have plenty of opportunities to expand their small businesses.
Also, as the economy moves back to normalcy after the massive hit by the pandemic, a pivotal factor that can assist MSMEs in leveraging these new possibilities is the availability of financing solutions.
Small and medium enterprises require funds to purchase supplies, restock inventory, diversify operations, enhance working capital, and many more.
Hence to help these MSMEs to get funds to stock up this festive season, numerous lenders are extending loan facilities to the small business owners who own a valid MSME registration. However, choosing the right lender to obtain MSME finance can become perplexing for small businesses.
So to help business owners to make the appropriate selection, mentioned hereunder are top lenders who present the best MSME finance online to stock up early for the forthcoming festive season.
1. Ziploan
Ziploan is a premier Non-banking Financial Company (NBFC) in India that presents instant MSME finance online ranging between 1 lakh to 5 lakhs at the most lucrative interest rates.
The business loan offered by this platform intends to satisfy the financial requirements of small business owners, and this company grants the loan within a few working days.
The business loan approval process at Ziploan is quick as this NBFC understands that despite the country’s accelerated economic growth, getting accurate financial solutions remains a significant hurdle.
Small business owners in India are continually grappling with credit facilities. Also, owing to their busy agendas, they lack an understanding of economic policies and loan offerings that might help them.
Hence to help small business owners overcome these challenges, ZipLoan endeavours to bridge the prevailing market with their innovative and resilient credit solutions for assorted industry players in an effective and customer-friendly way.
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2. Indifi Technologies
Indifi Technologies is a Gurgaon-based online lending portal that provides debt financing solutions to Micro, small and medium enterprises. It alleges to compose and remit credit products based on the kind of business the small business does.
This company assists in building an industry-specific credit delivery practice in a scalable and cost-effective manner using modern technology with an expanding concentration on Tier II and Tier III towns.
The company aims to enhance access to credit facilities and speed approval and disbursement of the loan process to present easy business loans to stock up early this festive season.
3. NeoGrowth
NeoGrowth is yet another leading financial lender that presents financing solutions to MSMEs to stock up early during the upcoming festive season. The company’s technology platform extends unsecured loans to retailers who hold a valid MSME registration.
This company strives to hold an obstinate social influence on the economic lives of small and medium business owners across India by providing them with a business loan at a lower interest rate.
4. Lendingkart
Lendingkart is an Ahmedabad-based lending platform that presents financial solutions to Micro, Small & Medium Enterprises (MSMEs). The organisation has advanced technology tools that expedite lenders to assess your creditworthiness and present other related financial services.
Lendingkart further strives to transform MSME business lending by making it convenient for small business owners to obtain credit effortlessly.
How can small business owners benefit from MSME finance online?
Now that you are aware of top lenders who present financing solutions for MSME, mentioned below are some of the reasons why small business owners should opt for MSME finance online to stock up early this festive season.
Easy Documentation
The most significant benefit of MSME finance is their minimum documentation requirements. While a traditional enterprise loan might demand property records, financial reports, list of proprietors, partners, or stockholders, MSME finance does not need them.
Also, to get an MSME finance online, only documents like GST details, bank statements, income tax filings, and MSME registration are the only documents that are required to obtain such loans.
Affordable
Since these business loans get specifically designed to help small business owners, the interest rates are low and affordable. Also, the interest rates of these loans often get set keeping in mind the MSMEs ability to repay.
Flexible duration to ease the repayment
One of the significant deciding factors for MSME business owners before availing of financing solutions is the ease of repayment. A convenient repayment tenure assists borrowers in handling the debt in a better way without defaulting on it.
With MSME finance online, you can relish a flexible repayment duration and prepare your finances effectively without burning a hole in your pocket.
Final Words
To sum up, we can say that the festive season is undoubtedly the best time to take your MSME business operations to a whole new level.
However, to get the maximum benefits out of your business and remain stocked up for the festive season, you should always choose the lender that presents you with the most comprehensive financial solutions.
Hence, if you are looking for a small business loan at the most affordable interest rate, you must undoubtedly choose ZipLoan.
Ziploan is a leading Non-Banking Financial Company that presents you with instant MSME finance online to help small business owners to remain ready to serve customers this festive season.
So what are you waiting for? Get in touch with the customer executive at Ziploan today.
Frequently Asked Questions
At Ziploan, we are providing MSME loans up to Rs. 7.5 lakh within 3 working days*.
There are plenty of business loan schemes available in India including (Mudra Loan, CGTMSE, PMEGP, etc.) You can avail quick MSME loan from Ziploan within three days*.
Proprietorships, Hindu Undivided Family, Partnership Firm, One Person Company, Limited Liability Partnership, Private Limited Company, Limited Company, Producer Company, any association of persons, co-operative societies, or any other undertaking can obtain MSME registration in India.
Some of the benefits from Central Government include easy sanction of bank loans (Priority sector lending), lower rates of interest, excise exemption scheme, the exemption under Direct Tax Laws, and statutory support such as reservation and the Interest on Delayed Payments Act.
The MSME registration is free of cost and is categorized under two main categories, such as manufacturing enterprises and service enterprises.
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