28 May 2020

RSS Feed

SME loans

Things to be kept in mind while SMEs approach a bank for financing needs

The Indian SME sector is witnessing a silent resurgence of sorts. Both existing and new SME startups are consolidating their base to take advantage of ‘Make in India’ policy of the government. If you are also looking to set up a new SME unit or are planning to expand business operations of your existing unit you may still have to bypass the still challenge of availing a SME loan.

LoanStreet: Your Online Loan Facilitator

To make the process of loan facilitation easier and available freely to all loan aspirants, a new company Loanstreet is offering an online marketplace. Loanstreet caters to customers seeking loans anywhere in India by providing them a recommendation on possible lenders, choice to apply online and upload all their Documents as well.

Capital Float: Offering Financial Wings to Small Businesses

Raising capital for business expansion and running day to day operations is the biggest challenge for Indian SMEs. In its quest to offer Indian SMEs an easy source of funding, a digital financing company named Capital Float is offering collateral free loans as easy as online shopping. Founded by Sashank Rishyasringa and Gaurav Hinduja, Capital Float is the country’s first technology platform for lending SMEs. Capital Float offers flexible short tenure loans for SMEs in India and has been the preferred lending partner for companies like Flipkart and Zovi in the past.

Role of government in MSME financing

The Micro, Small and Medium Enterprises (MSMEs) continue to play a dominant role in driving the Indian economy with its total contribution of 8% towards the GDP. It has registered a growth rate of 10.8% and contributes around 40% towards total industrial production.

Ramit Arora

Financial Friend for SMEs

An online small business platform that creates access to a competitive environment of lenders to empower the entrepreneur—Biz2Credit was founded in 2007. The online platform matches entrepreneurs with credit solutions based on their business profile and preferences in a safe and price transparent environment.

With over 10 years of experience in the financial services space, Ramit Arora, Co-Founder and President of Biz2Credit, heads the company’s operations and handles larger bank and client relationships.  He also oversees all strategic web initiatives for the company.

Guidelines for lending to SMEs: RBI

Seeking financial support is still considered to be a tough task for entrepreneurs. In order to streamline the processes involved in this, and in order to bring more clarity on the subject -- the Reserve Bank of India has set up guidelines for financial banks for lending loans to Small and Medium Enterprises in the country.

The ABCs of Applying Business Loans

The first thing that will come to anyone’s mind when  planning to start a new business or thinking of expanding the  current business, is applying for a business loan to meet the initial capital. Unlike the previous decade, a number of banks are welcoming open handedly the SME’s with attractive schemes and door step services.


Get the Flash Player to see this player.

Follow SEI

Facebook Twitter Linkedin Youtube RSS Feed
Small Enterprise India Newsletters


Take Our Online PollVoice your opinion
What do you expect from the StartUp India Action Plan?