KredX is India’s leading integrated cash flow solutions provider, enabling MSMSEs to gain access to collateral-free working capital, thereby leading to business growth and expansion. . We help with financing and invoice discounting services to various micro, small and medium enterprises(MSMEs) so that they can meet their working capital requirements.
For any high-growth business, it is likely to get its cash trapped in outstanding invoices. In such instances, KredX can arrange for cash via invoice discounting at attractive rates. With our financing solutions, you can ensure your business continues to grow and flourish. Don’t let money be locked with uncleared invoices. Opt for bill discounting service that allows you to gain access to cash flow without impacting your balance sheet.
We also have proven competency in arranging for MSME finance for businesses or enterprises for support related to finance, infrastructure, and different areas. Our goal is to help your business meet numerous business-related expenses on credit. Our MSME finance eligibility ensures wide coverage for enterprises.
There are various types of MSME loans, Some of them are:
There's a wide range of fund and non-fund based working capital loans. As an MSME, you can choose various options as below.
MSME's having financial needs for capital expenditure, capacity expansion, and buying fixed assets, etc. should choose fund-based term loans. Below are primarily offered term loans.
Many micro, small, and medium enterprises need timely financial assistance while scaling up and growing. In such instances, MSME loan is the best option for businesses to address their financial needs. At KredX, we arrange for loans without the hassle of pledging any collateral, and enables quick processing, and many other benefits as below.
1 – Quick accessibility:
We know how challenging it is to run a business amidst the increasing competition. Due to the seasonal demands and other factors, every single penny matters.
In that case, you can fulfil your financial needs by obtaining an MSME loan. At KredX, we assist you in getting seamless cash flow against invoices within 24 to 72 hours.
2 – Total control:
Be it a small or medium business; it requires significant capital to scale and grow continuously. Yes, angel investors and venture capitalists are there to give you the money fuel you need. But, in return, such investors want some control of your company.
At KredX, you can check with us on MSME loan scheme. Such cash avenues do not need any security other than the uncleared invoices from your blue-chip clients. This flexibility allows you to take total control and freedom to run the business you deem fit.
3 – Lower interest rates:
Today with the increasing competition, the more money you have, the better positioned you are to deal with risks coming your way. We help arrange for MSME loan options at the best interest rate, It means you have more money available to meet all your business needs.
4 No collateral:
KredX's invoice discounting platform allows businesses to use their invoices at a discounted rate to secure cash. This way, you can ensure maximum productivity for your enterprise.
As an MSME owner, you require regular and constant cash flow to run your business efficiently. You might be making significant sales. But its payments are likely to come after a few weeks/months. In the meantime, not having enough funds can obstruct your business growth. Even worse, you may not be able to run the business any further. In all such cases, invoice discounting from KredX can be your best MSME financing option.
By using invoice discounting, you can obtain short-term funds from financial institutions based on your outstanding invoices. It not only helps businesses continue running but also acts as a catalyst in accelerating business growth.
In other words, invoice discounting is a practice where the company's due accounts get considered as collateral to secure the loan. At KredX, we make the process easier than ever. Below are some simple steps that you need to follow.
Below are key MSME loan eligibility criteria to get invoice discounting.
Apart from these above, there are other important factors too, such as –
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Here is a list of important documents required for invoice discounting.
Some common documents required for MSME loan are as below.
At KredX, we provide invoice discounting to all types of business. Below are some industry types we have worked with –
You may belong to an industry different from the ones mentioned above. We have still got you covered. We can provide you with collateral-free working capital for your business.