There are different types of small business loans available in the market today. The options vary depending on your business's requirements, the duration you want the loan for, and other specific loan terms. We, at Kinara Capital, can help your company grow by funding new research and development, enabling you to expand to new markets, improving sales and marketing efforts, and allowing you to hire new employees, among other things.
This article explains some benefits of taking an MSME loan and the key steps that take you closer to your small business loan disbursement.
Grow your MSME with collateral-free business loans
Why Choose a Small Business Loan for Financing?
Financing through debt is considered convenient and accessible, and repaying a loan can also improve your company's credit profile which makes future loans cheaper. With monthly repayments at a reducing interest rate, it's easy to manage. Also, in cases where your cash flow is less predictable because, for example, your business is seasonal or your customers are often late-paying, a small business loan can help fill the gap even on an urgent basis. Kinara Capital's quick loan disbursement allows you to grab every big opportunity that comes your way, even if it includes investing in more inventory, employees or equipment.
Contrary to popular belief, borrowing doesn't mean that the business is in trouble. In fact, it can be a smart way to transform your business and tap into the next phase of growth.
Steps to Speed Up Your Loan Disbursement
At Kinara Capital, we provide collateral-free business loans at flexible terms to MSMEs in India. Small businesses that are looking to expand further, be it for renovation, hiring, equipment or inventory, can apply for a small business loan and get loan disbursement in as little as 24 hours.
Follow the below steps to speed up your loan disbursement process:
1. 1-minute Eligibility Test
Take an online eligibility check with us in just 1 minute and find out if your business can opt for a small business loan. The check is available in 7 Indian languages, making it easy for you to check your eligibility.
2. Online KYC and Income Verification
With our fully online process, you can easily upload your personal and business documents. You can also get help from our customer service through a chat or call. Now you can also download our customer app, myKinara, and complete the process through it.
3. Quick Loan Disbursement
Get your loan approved, processed and money digitally transferred directly to your account within 24 hours.
Why Choose Kinara Capital?
Our tech-enabled and data-driven process allows us to disburse business loans much faster and more efficiently than traditional lenders. Kinara Capital ensures quick loan disbursement through the below-mentioned features:
- Fully digital application
- 1-minute eligibility check
- Minimum documentation
- Available in 7 Indian languages
- 24-hour loan disbursement
One of our customers, Karthikeyan AS from ASK Three Star Steels, got the funding he needed from us when he saw the need to upgrade from traditional painting methods to powder coating but didn't have the funds. Kinara Capital's quick loan disbursement helped improve his finished product's quality due to the right equipment. After the upgrade, he was able to triple his turnover!
You can also use business loans to provide long-term investments like equipment financing or serve short-term needs like working capital. Working capital loans can help you fill a short-term funding gap or contend with an unforeseen situation or emergency. They can be used to buy raw materials when you have a big order in hand, buy inventory, or hire additional staff if necessary. The sky is the limit when you have the right funding. So, take your eligibility check with Kinara Capital today and begin your business expansion journey!
- MSME Loan
- Business Financing
- Working Capital
- Fintech Loan
- Business Loan