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Business Loans for Women

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Status: Active

Classification: Private Sector Scheme

Release Date(s):
3rd February 2021

Offering: Loan/Credit

Entity Type: NBFC

Reading Time: 4 Mins

Ticket Size: ₹5 Lakhs upto ₹ 1 Crore

Entity Name: Capital Float

#Views: 62

Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this email.

 

About this scheme…
Business Loans for Women was launched by CapFloat Financial Services Private Limited (Capital Float) to support ambitious women entrepreneurs in their journey towards success by offering a hassle-free financing alternative vis-a-vis traditional banking institutions.

 

How is it being implemented?
Under Business Loans for Women, direct financial assistance, in the form of loans, is given to

  • Women-owned businesses

 

What’s on offer?

I. Product

  • Term loans, Loans against card swipes
  • Ticket size from ₹5 Lakhs upto ₹50 Lakhs, may go upto ₹1 Crore in select cases

II. Nature of Business

  • Fast growing small and medium businesses across industries, including e-commerce, textiles & apparel, healthcare, auto and engineering, food processing, software, facilities management, and professional services
  • With clientele comprising of one or more reputed names like MNCs, large E-Commerce players, publicly listed Indian corporates etc.

III. Purpose

  • Working capital requirements

IV. Borrower Type

  • GST registered business

V. Security or Collateral or Guarantee or Insurance

  • Nil security or collateral or guarantee
  • For information around hypothecation of assets created out of Capital Float’s finance, please contact Capital Float via means mentioned below
  • For information around requirement of insurance, please contact Capital Float via means mentioned below

VI. Interest Rate

  • Ranges between 15-24%

VII. Processing Fee

  • Upto 2%
  • No hidden charges

VIII. Margin Money Requirement

  • For information around margin money requirement, please contact Capital Float via means mentioned below

IX. Tenure, Repayments & Pre-Closures

  • Tenure ranges from 9 months to 3 years
  • Availability of flexible repayment options
  • Option to pre-pay loans for a minor fee

For more information around pre-closures, please contact Capital Float via means mentioned below

X. Turnaround Time

  • Typically, all applications are processed within 3 days from submission and funds are transferred immediately to borrower’s designated bank account

 

Interested? Read ahead to check your eligibility….
FOR TERM FINANCE

I. Is your business registered with an operational history of 3 years or more?

II. Is your business’ annual turnover over ₹1 Crore?

III. Can you provide your business’ GST returns for the last 6 months?

IV. Can you provide your business’ banking statements for the last 6 months?

 

FOR LOANS AGAINST CARD SWIPES

I. Is your business GST registered with an operational history of at least 1 year?

II. Is your business’ annual turnover at least ₹20 Lakhs?

III. Has your business’ minimum card acceptance vintage been of 6 months?

IV. Does your business have a minimum monthly card volume of ₹2 Lakhs?

If your answers to the questions above are an emphatic YES, you are all set to avail loans under Capital Float’s Business Loans For Women!

 

So…how big is this scheme and what has been done so far?

I. Details for Capital Float’s Business Loans for Women don’t seem to be available in the public domain

 

So, now, how should you go about?

I. For submitting application and documents: Apply online

II. For information on list of documentation that would be required to be uploaded, scroll to the bottom of the page on clicking here

III. For any queries, Please contact Capital Float on phone at 1860 419 0999 or 080-68075001

OR
Write to them at info@capitalfloat.com

OR
Visit their nearest office.

Click the link to find an office nearest to you

They seem to cater to 314 cities through 19 offices located across India.

 

Go on then…and do spread the word!

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