MSME / SME Loan

Service Availalble : TamilNadu , Chennai , Coimbatore , Madurai , Tirchy , Salem , Erode , Kanchipuram , Podicherry , Karur , Ramanathapuram

MSME Business Loan

An MSME Business loans is a special category fund which is provided for micro, small, and medium-sized enterprises (MSMEs). These loans are typically offered by Banks, NBFC’s and Government bodies. Our company KFIS supports to avail MSME Business Loans with proper criteria.

MSME Working Capital loans typically have lower interest rates than other types of loans, such as MSME unsecured business loan. This is because MSMEs are considered to be a lower risk than other borrowers.

SME Working Capital

The eligibility criteria for MSME Business loans.

The business must be registered with the government as an MSME Business Loan
The business must have been in operation for at least one year.
The business must have a good credit history.
The business must provide collateral, such as property or equipment

MSME Loan For Working Capital

MSME Working Capital loan can be used for a variety of purposes, such as:

Fund based Working Capital: It is provided as a liquidity money Overdraft limit, Cash Credit facility or a Working Capital Term Loan. This is a fund that is used to day-to-day operations, such as buying inventory, Paying administrative expenses and covering other expenses.
Fund based Growth capital: Its is also known as Term Loan., This is a capital fund that is used to enhance business, such as buying new equipment, new outlets, or developing new products
Non Fund based: the non fund based working capital such as Bank guarantee, Letter of credit, Packing credit, Discount by invoice which is mostly utilized for bulk purchase of inventories and goods. Also for Imports and exports sales.
Debt Switch: This is to take the MSME debts from existing bank to new bank and adding additional funds for enhancements
Security: The funds can be borrowed upto 100% from the security value provide by the borrower