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Sep 30 2017

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Merchant Cash Advance

Whether you’re a restaurateur or a retail store owner, raising capital for your business is much easier now more than ever before. Businesses today are actively using card payment devices to offer a convenient shopping experience to their customers. Point-of-sale machines not only offer the merits of cashless transactions; they can become instruments for availing working capital finance. Merchants like you can deploy the funds received to execute operations and achieve short-term business growth.

If a part of your revenue is from debit and credit card swipes, then Capital Float’s ‘Merchant Cash Advance’ is a quick and hassle-free loan option to fund your business needs. This tailor-made financial product is ideal for merchants with consistent card settlements and short-term investment requirements.

We have partnered with multiple point-of-sale (POS) card machine vendors such as Pine Labs, Mswipe, ICICI Merchant Services, MRL Posnet, Bijlipay, etc. Our partnerships with these vendors help merchants like you access customized working capital solutions.

Features

Get Credit Ranging From ₹1 Lakh – ₹1 Crore

To ensure that you’re never short of funds, Merchant Cash Advance allows you to access quick finance up to Rs. 1 crore, depending on your monthly card settlement.

Loan Tenure of 9 to 12 months

With our extremely flexible repayment terms, you can apply for a loan for a tenure of 6 months and up to a year.

Loan Amount Up To 200% of Your Monthly Card Settlement

With Merchant Cash Advance, you can receive funds up to 200% of your monthly sales from card payment machines. Therefore, the higher you earn from card swipes, the higher the loan offer is likely to be.

Quick, Hassle-Free Online Application Procedure

The entire procedure takes just 10 minutes of your time to fill out an application form and submit the requested documentation.

72-Hour Disbursal

Through our data-driven competencies, we render the loan decision within hours, and deliver funds to you within 3 days so that you waste no time in covering an unexpected business expense or capitalising on a lucrative business opportunity.

Eligibility Criteria

The eligibility criteria for Merchant Cash Advance is fairly simple and user-friendly. Just ensure that the following terms are met:

  • Your business must have minimum operational history of 1 year
  • Minimum turnover of ₹20,00,000
  • Minimum card acceptance vintage of 6 months
  • Minimum monthly card volume of ₹1,00,000
  • Minimum of six settlements per month

How to apply

  • Click on ‘Apply Now’
  • Fill in the 10-minute form
  • Upload the requested documents
  • Receive the best working capital finance offer that is tailored to your business

Documents Required

Keep digital copies of the following handy at the time of application:

  • Documents pertaining to your current account for the last 12 months
  • VAT returns for the last six months prior to loan application
  • Card settlement statements for 3 months prior to loan application.
  • Yours and your promoter’s KYC documents

Fees and Charges

At Capital Float, we conduct business in the most transparent manner. This means, you’re only obligated to pay a processing fee of up to 2% for the loan. There are no hidden or pre-closure penalties during or after your application procedure.

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Haryana and Punjab: Barnala | Chandigarh | Mohali | Derabassi | Zirakpur | Jalandhar | Ludhiana | Rajpura

Himachal Pradesh: Panchkula | Baddi | Parvanoo | Nalagarh

Rajasthan: Jaipur | Chomu | Bhakrota | Bagru | Jodhpur | Udaipur

Uttar Pradesh: Agra | Lucknow

Andhra Pradesh: Guntur | Rajahmundry | Vijayawada | Visakhapatnam

Karnataka: Bengaluru | Hoskote | Belgaum | Bellary | Kolar | Narasapura | Mysore | Tumkur | Udupi

Kerala: Cochin | Ernakulam

Tamil Nadu: Chennai | Sriperumbudur | Coimbatore | Dharmapuri | Erode | Hosur | Kanyakumari | Madurai | Namakkal | Salem | Thiruvallur | Tiruchirappalli | Tirupati | Tiruppur | Vellore

Telangana: Ghatkesar | Hyderabad | Secunderabad | Shadnagar

West Bengal: Hoogly | Howrah | Kolkata | Serampore | North 24 Parganas

Gujrat: Ahmedabad | Rajkot | Surat | Vadodara

Madhya Pradesh: Bhopal | Dewas | Indore | Jabalpur | Pithampur

Maharashtra: Mumbai | Thane | Navi Mumbai | Virar | Bhayandar | Kalyan | Ulhasnagar | Nagpur | Nasik | Pune

Get a business loan in 3 days

Capital Float is your go-to provider of business loans in India, designed for and delivering to the SME sector. Whether you are on the lookout for unsecured business loans or for short-term working capital finance. you have come to the right place. Our expertise revolves around creating flexible and short-term loan solutions for the specific needs of SMEs, be it purchasing inventory, servicing new orders, or optimising cash flows.

Business Loans in India

Our team of experts will help you ‘Break Limits’ as an SME, enabling you to achieve business growth rather than chase financing sources. We achieve this through our mission of bridging the current gap in the market with innovative and flexible credit products for SMEs, delivered in an efficient and customer-friendly manner.

Why Choose Capital Float as Business Loan Provider

We, at Capital Float, understand the world of SMEs’ their operating challenges, their financial constraints and their unique needs. We know how critical speed and flexibility of finance are to SMEs, and we believe that SMEs need not be restrained by restrictive financing policies and processes. Our business loan products are thus designed to help you build the right financial foundation to grow quickly and soundly in the short term. We strive to be partners in opportunity and growth creation for the SME segment.

Our Financial Products

We offer a range of short-term loans for small business, from business loans without security to business loans at short notice. Our key offerings include:

  • Short Term Finance . A collateral-free business loan with flexible repayment options.
  • Online Seller Finance . Quickly disbursed loans for e-commerce companies, designed for inventory or stock purchases.
  • Pay Later Finance . A rolling credit facility that can be used on an on-going basis to pay suppliers.
  • Merchant Cash Advance . Working capital finance availed through card machine swipes. SMEs can receive finance up to 200% of their monthly sales.
  • Supply Chain Finance . An unsecured business loan of up to 80% of the supplier bill value.
  • Taxi Loans . Loans designed for taxi owners with user-friendly features like low down payment and weekly EMIs.

Benefits of Taking Business Loan from Capital Float

Our fast, friendly, and affordable loan options can be availed of online through our website at the click of a button, anywhere, at any time! We disburse funds in less than 3 days without the hassle of elaborate documentation. The Apply-Upload-Approval-Disbursal process is smooth and easy. Users are required to fill in a 10-minute application form and digitally upload it along with the required documents.

Our SME Blog

Our blog provides a plethora of information and insight on trending topics related to business, financing and financial technology. The intent is to create an always-accessible and reliable knowledge repository that will help SMEs stay up to date in the Age of Information. You can find information about GST including, important definitions, tax slabs, the registration & payment processes, taxes subsumed and impact of GST on various industries, etc. on our GST blog .


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