SMEcorner

SMEcorner is a digital lending platform, that helps SMEs in India meet their working capital needs with collateral-free business loans in just 72 hours.

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Avail Fast and Seamless Loan for Small Business in India

Worried about a declining business growth curve due to fund shortage? To apply online for hassle-free and quick business loans for small businesses, Call Us [phone] click https://www.smecorner.com

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If you are an SME and in need ofloan for small business in India, then SME Corner is truly the right choice. Our working process is simple as we provide small business loan onlinewith our products designed in a way to offer easy business loans. We are one of the best lending platforms forcollateral free business loans in India. For Zero Collateral Business Loan call us at [phone] or visit - https://www.flickr.com/photos/149447895@N06/34549795086/in/dateposted-public/

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Convenient and Fast Small Business Financing in India

Do not let your business suffer due to fund shortage! Visit https://www.smecorner.com/unsecured-business-loan.html now to apply for SME financing in India, available with great repayment options.  

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How Business Loans Helps To Expand Your Business

Whenever we think of taking a loan, personal or business, the first thought that crosses our mind is “I did not manage my finances well”. Well that is not true. If you have been living off loans for long, you might seriously want to sit and plan your finances. However, loans taken for the right reason and at the right time are beneficial; be it an individual or business. Here are some reasons to convince you that small business loans help.

1. Business Loans Help Build a Credit History: Small businesses often struggle, when it comes to getting working capital loans. This is mainly due to a poor credit history or a complete lack of one.So, taking small business loans will not only help you address your SME financing requirements, but also help build a credit history. However, be careful! Don’t just go out and apply for a loan without a plan.Be sure that you have identified areas in your business that need immediate financing.You should also be able to repay the loans in a timely manner, without hurting your bottom line. Inability to repay the loan, will only drop your credit rating and end up making things worse for you and your business.

Benefits: Small business loans help you lay the building blocks for higher amounts of working capital loans in the future.  A good credit history with timely repayment of the business loans can improveyour borrower profile, hence giving way for large-scale financing in the future.

2. Fund Your Small Business:  If you’re in need of some quick and easy cash an unsecured small business loan can help. These loans come without any collateral or guarantee requirement. You can use this loan to purchase equipment and inventory for your business or complete a big order you just bagged, on time. Typically, one would think “banks” when it comes to source of funding a business, but sadly banks take anywhere between 4-6 weeks to approve a loan. On the other hand, there are several lenders in the market these days, who can disburse a loan to you in as fast as 3 working days. These lenders, do not ask for collaterals and can offer customized services and loan options, as per your requirements. Just make sure you have researched and reviewed all your options well, before accepting a loan.

Benefits: Unsecured business loans can help in creating value for every rupee invested into the business, with the end objective of revenue generation and business growth.

3. To Grow & Expand Your Business: Unsecured business financing for SMEs that have been profitable for 2 or more years can use these funds in a different way. You can think of expanding to other geographies, installing a new plant, increasing manpower to increase your output and sales or even invest in technology upgradation of your company. These loans are personal investments that will help you secure a higher income in future. To finance such items, secure loans that you can repay comfortably using your current income. Do not plan for income that you haven’t received. Do not take a loan to fund activities that don’t add value to your business.Never use debt to fund activities that can be avoided. Benefits: Apply for unsecured small business loans to finance growth and expansion of your business.

4. To maintain liquidity Small businesses, often face challenges in financing their day to day operations. A business may need funds to purchase new machinery, increase staff or even buy raw material for completing an order. Traditional lenders like banks and traditional NBFCs offer SME loans at lower interest rate but are very slow in approving and disbursing a loan. Thankfully the situation has now changed and a lot of new age financial institutions have entered the SME lending space. These lenders (known as Fintech lenders) offer quick and easy short-term loans that ensure the day to day operations don’t stop. Unsecured business loans from such lenders, come handy to keep the business afloat. Benefit: A small business loan gives you the peace of mind and allows you to focus on matters related to growth and new business. A timely application for a small business loan prevents loss of big orders, income and even ensures continuous production and output.

5.  Small Business Loans as Contingency Funds: Unsecured business loans for SMEs come handy for the unexpected situation that a small business may encounter.  Taking out a business loan, instead of using your credit card or personal, is always a safer bet.  Business loans from a reliable lender ensures that business productivity is maintained with no effect on your personal finances. Benefit: Taking up a short-term loan to recover from unexpected financial challengescan be more cost effective than using your credit card, which may attract higher interest rates.However, make sure you don’t act in haste. Research your options well and take the best loan available from a trusted lender.

6. Debt Consolidation: Taking small working capital loans for your business is a great way to consolidate debt. More often, than never, small businesses find themselves facing multiple debts. Thus, for the ease of management of such credit crisis, it is recommended that you obtain a loan that helps you pay off the debts on time. It is also advised that you deal with one loan instead of several. However, a word of caution here is, do not lose control. Otherwise you will end up in debt trap. Use unsecured loans for debt consolidation only when really needed. Benefit: SME loans can take loan to cover urgent needs and avert a loss of income or revenue. An added advantage of doing so is to take advantage of better interest rates, cleaner books and savings in the long term.

SMEcorner is a trusted name in the SME lending space. Located in Mumbai, this fintech company helps small and medium enterprises with unsecured business loans between 2 to 30 lakhs. All you need to do is fill in a simple online application form and know your loan eligibility immediately. If you can produce the required supporting documents, you can get a loan in your account in as-fast-as 3 working days. Visit www.smecorner.com or call 9987535888 to know more about SMEcorner’s loan products.

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6 Ways To Fund Your Small Business

Financing your small business in the existing economic landscape, calls for some innovative thinking. Today, small business owners are forced to think of beyond the traditional ways of business financing. Traditionally SMEs have been the main drivers of a nation’s economic growth and wellbeing. However, business owners, often find themselves running pillar to post when it comes to financing their small businesses in India.

The money is out there, but timely access to it is no less than scaling the Everest. The recent digitization push, by the government, has eased matters to certain extent. But quick access to small business finance is still a challenge. Furthermore, since SMEs tend to heavily rely, on one or two traditional funding partners, it often gives way to unexpected financial crisis situation.   Are you able to relate to this? Well don’t worry, SMEcorner suggests you keep your options open. If not anything you will at least be able to compare business loan offers from various sources. Keeping that in mind, SMEcorner suggests, the following 5 different ways of SME financing: 1. Bootstrapping: A common traditional type of business funding, where a small business owner self-funds his business from his/her personal savings. However, business financing from personal savings is not advisable for small businesses that have been around for 2 or more years. Borrowing from an external or debt financing is the best way to go forward.

2. Friends and family. This way of business financing is ok if you are looking for sudden and one-time infusion of funds into the business. While tapping into your inner circle of friends and family is the easiest way of getting money, its perhaps better you keep your personal and business relations separate. For long term business funding, look at more professional and risk-free options. SMEcorner offers collateral free business loans in India, in just 3 business days.

3. Term loans This type of loan is every small business owners favorite. Under a term loan facility, one can borrow a lump sum amount at one go and pay it back in set installments by a certain date.  Usually, term loans have fixed interest rates and some offer variable interest. The average small business loan term offered by various lenders spans anywhere, between 6 months to 36 months. SMEcorner offers unsecured small business loans with a minimum 6-month tenor. All you need to do, is fill in a simple online application to know your eligibility instantly and receive the funds in as fast as 3 business days.

4. Loans from Banks Attracting funds from banks is a tricky business. You need to be really patient with them. Banks have the most stringent criteria when it comes to giving a small business loan. To get a loan sanctioned from a bank, you need to have a good business plan, profitable projections and a positive P&L and balance sheet. Unfortunately, most SMEs do not fulfil all the criteria. Thus, the high rate of SME loan rejections by banks. These days there are many companies that specialize in helping small businesses get quick and easy access to funds. They can help you with collateral free business financing in a matter of days.

5. Lines of credit If your small business is seeking a temporary, or small infusion of working capital a line of credit is worth a try. Most banks offer it, but again, banks come with their long checklist and extended wait time. Now given that most banks are dismissive of SME financing needs, unless one can produce some good collaterals and a positive balance sheet, it is always advisable that one looks beyond banks.

6. Venture capital Most suited for SMEs that have become profitable and are looking for nothing less than 1Cr plus in funding. Venture capitalists, directly take a major stake in equity and control of your business, so think before you this route. Besides this, you need a lead time of at least 6 months to research, prepare and raise funds.

Regardless of which business financing option you choose, chances are that you may have to take one or these financing instruments, at some point of your business life cycle.  At the end of the day, every business owner wants to do what he/she knows best; pay full attention to your business growth. This will be only be possible if you are able to arrange a reliable and viable funding solution for your business. This way you are not only able to maintain your day-to-day operations but also focus on profitability and growth.

SMEcorner is an online SME lending company that offers unsecured business finance for small businesses. Their advanced lending platform eliminates the entire leg work (running from bank to bank), out of your way and you can get a loan in as fast as 3 working days. Visit  https://www.smecorner.com/ or call 9987535888 to know your small business financing options.

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Stop running errands for sudden needsof small business unsecured loans for your growing business, as SME Corner, a provider of SME financing in Indiais equipped to cater all your unsecured business finance needs. Check out https://www.smecorner.com/unsecured-business-loan.html to learn more about our exciting range of features and benefits for small business financing in India.

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If you are an SME and in need ofloan for small business in India, then SME Corner is truly the right choice. Our working process is simple as we provide small business loan onlinewith our products designed in a way to offer easy business loans. We are one of the best lending platforms forcollateral free business loans in India. For Zero Collateral Business Loan call us at [phone] or visit https://www.smecorner.com/

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SMEcorner to Provide Financial Assistance to SMEs; Ties Up with Flipkart to Help Small Sellers

A new online platform has been set up in India to address the needs of diverse Small and Medium Enterprises, called SMEcorner.com. The company is currently working with Flipkart to arrange finance for its sellers. The initiative has been taken to address the debt financing gap in the SME sector. “If we look at the data collected by International Finance Corporation (IFC), around 41 percent of the SMEs in India do not have access to bank loans or other related products offered by financial institutions. IFC reports a financing demand gap of INR 2.93 trillion in the SME sector. This is the gap that we aim to target and bridge through our new venture,” said Samir Bhatia, Founder & CEO, SMEcorner.com

As in case of partnership with Flipkart, when sellers on the online marketplace require financing, they are directed to SMECorner. Sellers can access the Flipkart button on the website and apply for a loan online by filling in details. After a preliminary credit analysis to figure out the seller’s credit-worthiness, an application is sent to partner banks and NBFCs, to increase the chances of getting a loan. SMEcorner.com offers hassle – free loan accessibility options, to help combat challenges of follow–ups, arduous documentation, unprofessional intermediaries etc.  It has tools such as Loan Eligibility Calculator and Loan EMI Calculator. To begin with, this new setup is offering 4 different categories of products: Working Capital Loan, Loan Against Property, Unsecured Business Loan and Loan for Medical Equipment. Our objective is to play an important role in contributing to the growth of the country by unearthing the capabilities of the SME sector. With talent and opportunities unfolding, we aim to provide a one-stop–shop with flexible financial solutions for the SME sector,” Mr Bhatia added. For more details, Visit our website - https://www.smecorner.com/

Address- Office No: 409 & 410, 4th Floor, Trade World, Kamala Mills, Senapati Bapat Marg, Lower Parel West, Mumbai-400013 Phone No-[phone] Website - https://www.smecorner.com/

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How to Determine Your Working Capital Needs

Every business goes through a cyclical process. It has its own financial ups and downs during round the year. While we all hope that our business makes profits through the year, that seldom happens. It is a long gestation period before your growth and profitability graph stabilizes. Had it been just the customers you had to worry about, it would be fine. Unfortunately, that's not the case. Your costs are already rising by now, and you find it difficult to keep the business afloat. This can create tough times for small businesses.  Thus, it becomes imperative that businesses find ways to secure themselves from cash-flow deficit during those lean periods. So how exactly you prepare yourself for such situations? Well, the answer is a working capital loan. Whilst there are many ways you can fund your business, working capital loans in India can help you make it through those rough tides. Working Capital Loans are handy small business financing tools that that help SMEs maintain a cushion of operating finance during the quiet days. Small businesses, typically use working capital loans to cover petty expenses, finance the day-to-day operations, pay for long-term investments and cover accounts payable and salaries for employees. Besides this working capital loans in India, can also help you purchase those crucial equipment and technologies that will boost your growth & profitability graphs.

Where Can You Get a Working Capital Loan in India? The first thing that comes to your mind, when you think quick cash is family and friends. While this is an age-old practice of borrowing quick money, but these are often tricky and very expensive. The second most obvious option that comes to mind are banks. However, banks can take a long time, minimum 3 weeks, to review your business’ financial status before approving your loan. Disbursal could take another 2-3 weeks if you are not able to provide all the required documents and collaterals on time. But small businesses cannot wait that long, because the requirement is for now. The third type of working capital lender are non-banking financial companies or NBFCs. They offer various types of secured and unsecured working capital loans in India, faster than the traditional banks. With advent of technology, a new breed of NBFCs, called Fintechs have come up. Fintech lenders offer online working capital loans in India with minimal paperwork. Many Fintech lenders offer unsecured loans so you need not worry if you do not have enough collaterals to produce. Finding the right working capital loan that best fits your needs and at the most competitive rates takes time and patience. With so many lenders in the market, don’t be in a rush to borrow from the first . For more details, Visit our website https://www.smecorner.com/

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If you are an SME and in need ofloan for small business in India, then SME Corner is truly the right choice. Our working process is simple as we provide small business loan onlinewith our products designed in a way to offer easy business loans. We are one of the best lending platforms forcollateral free business loans in India. For Zero Collateral Business Loan call us at [phone] or visit - https://www.smecorner.com/

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If you are looking for quick & easy business financing options, here are a few tips to help you make a successful application with onlin. lenders For more details, Visit our website  - https://infograph.venngage.com/p/244478/3-steps-to-a-successful-business-loan

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If you are looking for quick & easy business financing options, here are a few tips to help you make a successful application with onlin. lenders For more details, Visit our website - https://www.smecorner.com/

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What Are The Alternate Ways Of Funding SME?

SME financing in India has always been difficult in India. While large to enterprise level businesses have enough cash reserves to fund their working capital requirements, small medium businesses, almost always, are in a need of constant infusion of working capital. No one likes being caught in an unwanted cash crisis that might lead you to miss out on some potential profit opportunities. While most SMEs will relate to this scenario, you can keep such adverse situations away, if you plan well ahead.

The first step towards creating a good inflow of finances, is by knowing your business well. To know when will the next requirement of business funds arise, you must be on top of the following three: Know your industry Know the growth rate of your business Know, where you are in the lifecycle of your business

The key sign of a healthy and profitable business is an efficient operating cycle that can be fully funded by, ready to use, working capital on hand. While a lot of options are available in the market these days, here are the top 5 non-banking ways of financing your business with short-term working capital.

1. Equity: Typically, most young businesses, heavily rely on equity funding to meet their short-term working capital needs. These funds might be injected from your own personal resources or from a family member, a friend or a third-party investor.

2. Trade creditors: Such financing can be accessed if you maintain good relationship with your creditors. If you have maintained a good repayment history, trade creditors are often willing to help with short-term loan for small businesses in India, against collateral or guarantee.

3.Factoring: A somewhat expensive type of business financing, that is often used by young small businesses. Factoring companies buy out your accounts receivable at a higher cost and handles the collection.

4.Line of credit: Easily available to small businesses that are more than 2-3 years old, a line of credit, enables you to access quick business funding to meet your short-term capital needs.  A line of credit is given by banks, only if your business is well-funded by equity and you have some good collaterals to offer.

5.Unsecured Business Loans: If your business did not qualify for a line of credit from a bank, this is the best option for you. SME financing has become easily available from non-banking lenders also called NBFCs to meet your short term working capital needs. These loans are usually unsecured, meaning you do not have to give a collateral to receive the money, and come with a loan tenure of 1-5 years. Off Lately, the Indian government has given a huge push to the digital transaction sector and rolled out many SME friendly policies and regulations. Today there are more than a dozen online lenders in the market that offer easy and quick access to loans for small businesses in India.

Now that you know, timely SME financing can be a game changer for your small business, you must plan your growth and cash requirements well.

SMEcorner is a company that offers SME financing for small businesses in India in as-fast-as 3 working days. All you need to do is fill in a quick online application, provide some banking and financial data (e-copy) and your working capital loan could be on its way.

Feel free to visit  https://www.smecorner.com/ or call 9987535888 to learn how our working capital loan products can help your business growth.

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SMEcorner.com is an online platform that enables SMEs to avail of financial solutions from banks and NBFCs. Under this platform, we aim to minimize intermediary risk and extend transparency to the borrowing process as we assist businesses in fulfilling their financial requirements. The online marketplace we have created gives SMEs easier, faster and more efficient access to resources that can help them grow, expand or finance a project.  Please get in touch for any query at [email protected] / 022-65270076 or visit us at  - https://www.smecorner.com/

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SME corner India’s First online loan application platform offers access to easy loans to meet the requirements of micro, small & medium enterprises (MSME). Apply Online!

Are you anSME who is looking for fast business loans for small businesses? Then your search comes to an end with SME Corner, one of the leading provider of business loan for SME in India. Just fill up a small application form online at https://www.smecorner.com/ to get collateral free business loans in India.

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Great opportunity for those seeking a quick loan for small business in India, as now you can apply for small business loans online at SME Corner. A modern lending platform which offers fast business loans.With minimal paperwork and online application, SME Corner is the right choice for easy business loans for small businesses. For more information call us at [phone] or visit https://www.smecorner.com/

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Indian SMEs get a Helping Hand from Europe

The small and medium-sized enterprises in India are gearing up for better performance by adopting sustainable methods in business production and supply.  Experts from UK and surrounding European countries are guiding Indian SMEs to adopt greener and cleaner ways in their respective organization.

Aim for Introducing Eco-friendly Initiatives

These green measures will help in reducing the amount of waste produced.

If the Indian SMEs adopt these sustainable methods, costs can also be cut down in various aspects like production, discharge of waste etc.

These methods are also aimed at improving the efficiency of the enterprises while causing minimum or no damage to the environment. The European experts have set a target of 20% improvement for the Indian SMEs.

Another aim is to reconstruct and make the manufacturing process smoother so that it helps in achieving a clean supply chain. It will also improve the quality of the man power available through training.

All these measures will also help in lesser natural resources being consumed by the SME sector.

European Expertise to Make Indian SMEs Adopt Lean and Green Methods

These experts from UK and European countries are aiming at making more and more SMEs and people involved in them aware about the sustainable development. According to  Professor Prasanta K Dey of Aston Business School in Birmingham, the experienced and pros of this field are not here to share any technology or method to change the SME sector completely; instead they are helping by showing the SMEs ideas and ways that they could adopt and bring a change on their own.

Apart from the above mentioned changes and help, they also intend to train the SMEs professionals and personnel on how to manage inventory efficiently and to forecast the demand for their products and services.

Qualified trainers have drawn out a pilot project in which the experts will work with a handful of small and medium-sized enterprises for a year and half.

According to a back ground research conducted to introduce sustainable measures, Indian SMEs were found to have impressive environment friendly targets as compared to the small and medium sized enterprises in the UK. However, they lacked on resources and knowledge bank to execute these measures and to track performance. There are approximately 3.6 crore Indian small and medium sized industries.

The project to make Indian SMES lean and clean in their methods is also being supported and encouraged by the German Chamber of Commerce and the Federation of Small Medium Industries.