Lendingkart Finance is a Non-banking Financial Company (NBFC) that offers various business and working capital loans to Small and Medium-Sized Enterprises (SMEs) across India. Lendingkart provides online access to loan applicants for a hassle-free documentation process.
Many businesses prefer to borrow from Lendingkart since no collateral is required for the business loans offered. Additionally, customers’ past financial statements & ITRs are not validated while evaluating their credit risk profile. The small business loans offered by Lendingkart can be used for investments in operations, infrastructure, plant and machinery, etc.
What are the benefits of Lendingkart business loans?
- No Need for Collateral - Business loans offered by Lendingkart are unsecured and there is no risk of losing any assets since these do not require any collateral. Thus, business ownership can be preserved while focusing on business expansion.
- Fast loan processing – The processing time for this business loan is far lesser as compared to other market leaders. These loans can help the business in expanding and increasing profit margins with the availability of instant cash. Faster loan processing saves time and improves business operations.
- Streamlined cash flow – The business loan amount must be repaid in EMIs. This makes it easier for business owners to capitalize on the situation and ensure that cash flow is not a hindrance to business growth. Once the loan is sanctioned, the business can enjoy sufficient cash and enough time to achieve profitability.
- Improved credit score - Business loans offered by Lendingkart get reported to credit bureaus. This can help in gradually increasing the credit score.