Capital Float Benefits From No Collateral Business Loans

Capital Float is one of the few lenders that offers business loans without collateral. This enables them to serve a broader customer base and help small businesses grow quickly.

The company also has an easy application process and fast disbursement. This helps them to make a profit and create value for SMEs.

1. Instant Approval

Instant approval credit cards are a good option for people who need to make a big purchase quickly. They can usually process applications in minutes and give you a credit card number immediately upon approval.

The downside of these cards is that they typically come with high interest rates and bare-bones rewards programs. However, they may be a good choice for consumers who want to build or repair their credit score.

Alternatively, loans for bad credit instant approval are also an option for those who need to make a large purchase or meet other financial goals. These loans often offer fast approvals and can be a lifesaver in an emergency situation.

2. No Collateral

A no collateral business loan is a type of financing that does not require you to put up any assets as security. This can be a great option for businesses that do not have any valuable assets to use as collateral or for those that want to avoid placing their assets at risk.

Founded in 2013 by Stanford classmates Gaurav Hinduja and Sashank Rishyasringa, Capital Float is a business that offers lending to small businesses. The company aims to provide financing to a market that has been neglected by banks and is especially important for e-commerce companies.

Capital Float uses credit scores and data to underwrite customers quickly. The company can disburse loans within 72 hours of a successful application. This helps businesses receive the funds they need in a short amount of time and allows them to continue running their business.

3. Flexible Payment Options

Capital Float’s flexible loan options allow micro, small and medium-sized businesses to purchase inventory, service new orders or optimize cash cycles. With a minimum credit score of 650, the company offers competitive rates and a streamlined application process.

The company’s online business loan product is a great fit for the country’s small and mid-sized businesses. A typical customer can apply online, select repayment terms and receive funds within a matter of days.

Getting a business loan from a traditional lender is often fraught with red tape, high interest rates and a lengthy approval process. Capital Float’s patented digital technology is a game changer for businesses large and small. The company cites several benefits to its mobile-first approach to lending, including improved customer experience, faster processing and lower costs.

4. Low Interest Rates

Capital Float is committed to providing affordable and flexible financing solutions to SMEs. They offer competitive interest rates which are significantly lower than other loan options available in the market.

The company also offers zero prepayment fee. This means that if you pay back your business loan early, you will not be charged any additional fees.

Capital Float is an online NBFC that provides loans to businesses with minimal documentation. Its benefits include instant approval, no collateral and flexible payment options.

5. Fast Disbursement

Banks are loathe to lend capital to small companies as they are perceived to be high risk. This is because they do not have a strong track record and are not well-established.

The founders of Capital Float identified this problem in 2013. They noticed that a large market was untapped by the financial system, specifically in the growing e-commerce space.

Consequently, they launched an online lender for these e-commerce sellers.

In its 5 years of operation, Capital Float has disbursed $1billion in loans and added a variety of products to its portfolio. It also acquired a personal finance application, Walnut, to extend its offerings beyond businesses.