Capital Float is one of the biggest online platform which provides business loans to SMEs (Small & Medium Enterprises) in India. The company has its headquarters in Bangalore. To get business loan from Capital Float is a very easy process as it provide the funds in just 3 days after satisfactory procedure is completed. It offers Merchant Cash Advance, Term Finance & Loan facility to the Online Sellers. There products are customised and varies from individual to individual depending on the requirements. The company operates via presence in more than 100 cities.
Now, It has come up with a new product called ‘Proprietor Loans’ which serves loan for the small retailers and shop holders in India. Finally they have taken the initiative to provide loan and reduced documentation and lesser time.
According to the experts, There are above 5 Million kirana stores in India which are operated by micro-entrepreneurs, However this loan product will cater quick and easy access to funds.
Capital Float understand a borrower’s business needs & requirements at individual level and provides collateral free loan with easy repayment options and long tenure.
Proprietor loan offered by Capital Float will range from ₹ 25,000 – ₹ 5 lakhs with easy repayment options ranging from 3 to 6 months.
Under the Capital Float Business Loan, The company is adding 2,000 borrowers a month and aims at adding 5000 borrowers by march 2018. Additionally, Capital Float will also provide loan enhancements, top-ups and renewals based on the business performance of the borrower. Capital Float has partnered with various ecosystem leaders such as Amazon Business, Metro Cash & Carry, Storeking, Payworld and PayTM. These facilities are available in all the metro cities and the company will soon expand itself in other cities too.
In India, it requires so much of process to get a loan in hand but capital float is aiming at making this loan facility as easy as possible. Just the basic documents will be required and in less time period, amount will be credit to the borrower.