CredAble Business Loan

The NBFC has not publicly disclosed its exact business loan interest rates . However, the final rate offered to borrowers typically depends on several factors, including:

Note:

Startup Financing

Startup Financing is an unsecured business loan for VC- and PE-funded startups. It offers quick access to funds with no equity dilution, backed by the cash flow of the company. The following are the startup credit solutions offered by NBFC:-

Sales Invoice Discounting

Sales Invoice Discounting helps manage working capital by discounting businesses’ unpaid sales invoices. It is a collateral-free working capital loan with a faster approval process.

Purchase Order Financing

Prospective business loan borrowers who need upfront working capital to fulfil large orders can apply for purchase order financing. This collateral-free credit loan offers funding against approved purchase orders to cover supplier payments and pre-shipment requirements.

Purchase Invoice Discounting

Purchase invoice discounting allows businesses to access instant working capital by discounting their purchase invoices and paying suppliers early. This facility helps businesses fund short-term purchases without straining their cash flow.

Working Capital Demand Loans

A working capital demand loan is a collateral-free loan that helps businesses cover their working capital needs. It is a revolving type loan based on the working capital cycle of the company.

You can apply for a CredAble business loan through both the Paisabazaar app and its official website.

Using the Paisabazaar App:

Through the Official Website:

Stated below are the business loan eligibility criteria for unsecured and small business loans:-

For Startup Financing

For Sales Invoice Discounting

The business should be registered and have a minimum of 2+ years in operation to be eligible for the sales invoice discounting facility. The eligibility and amount of discounting depend on the business’s creditworthiness and the quantum and frequency of transactions with the end client for limit assessment.

The following business loan documents are required to submit a loan application:-

For Sales Invoice Discounting

Note: The same is true for working capital demand loans except for the need of sales ledger.

For Purchase Order Financing