Large scale enterprises are always presumed to create more employment and have no challenge procuring financing and credit facilities. However, it’s the small and medium enterprises (SMEs) who really employ a much larger population of 12 crore as opposed to the 1.25 crore people that the large scale sector employs; and yet there is always a dearth of credit facilities or Equipment Financing for the SMEs who keep facing challenges in setting up their business.
SMEs in India
The SMEs of India have a diversified portfolio. They are fast growing industries contributing to 8% of the GDP. Although surprising, it is still a fact that provisions for Financing for SMEs is always a huge task when they want to buy machinery for setting up of their operations or for expansion.
FinanSME makes Financing for Small Businesses absolutely hassle free and offers the best rates for acquiring funds through NBFCs or Banks for all kind machinery requirements.
FinanSME – bridging the gap in Equipment Financing for SMEs
When you own a business or are about to start one, making profits needs to start with making investments. If you need to acquire any kind of equipment when you are getting started on a new project, procuring the working capital for purchasing the equipment can get tricky. Approaching a bank is always the first thing that comes to mind, but it can be a tedious process which can take forever and you might not have all that time. The government too has launched a few schemes in order to provide funding for the SMEs, but there still are some financial gaps.
FinanSME makes the process of Equipment Finance for Business very simple and fast along with reasonable terms and rates. Whether the equipment you need is made in India or it is something you need to import, we provide complete assistance right from the start in order to ensure a quick turn-around time. We have ties with several leading banks and NBFCs and you can choose between the several sources we offer. Our experts have a vast experience in this arena and will ensure that your loan is approved and disbursed quickly keeping the documentation to a minimum, so that you don’t feel like you are always caught up with paper work.
Applying for an Equipment Financing Loan with FinanSME
Once you have submitted the documents required for processing your loan application, we perform the credit evaluation by verifying the documents, and the details of the applicant and the company. Once that is done, the loan is approved and the credit is disbursed. The process is that simple. We also allow the transparency of letting you track the status of your loan application throughout every stage.
No matter what the size of your business, it is our goal to provide the highest level of service and we achieve that through our sheer dedication and expertise in all aspects of loans and finance. Our only goal is that you realise your dream for which we provide mutually beneficial solutions.