Do you aspire to start your own business? Have you been putting aside your startup plans because of budget constraints? Many entrepreneurs with great business ideas are unable to start their business due to lack of funds. Money is one of the main factors that decide the start and the future of a business. If you have already tapped into your personal savings, borrowed funds against your assets, and are still looking for short-term finance options that cover your operating costs, you do not have to wait anymore!
At KredX, we understand your entrepreneurial spirit. We have helped several businesses access working capital through our invoice discounting solutions.
1) What is a Startup Business Loan?
2) Sources of Startup Business Loans
3) What is Invoice Discounting?
4) How Does Invoice Discounting Work?
5) Difference Between Startup Business Loan and Invoice Discounting
6) How to Secure a Startup Business Loan Through Invoice Discounting?
A startup business loan is a financing facility offered by banks or other financial institutes to new businesses or those planning on starting one. The funds accumulated through a startup loan can be used for various purposes such as purchasing equipment, furniture, raw materials, or paying for expenses incurred to set a business such as purchasing or leasing a building.
Invoice discounting is a financing option that allows business owners to trade their unpaid invoices to obtain a working capital loan. When a business generates an invoice, a proportion of the total sales amount can be availed as a short-term business loan through this process. Also known as “Bill Discounting”, this facility allows the business owner to unlock working capital required to pay operating expenses quickly.
KredX is a reputable platform where numerous invoices are traded to access working capital. It is a simple, quick, and hassle-free process. Businesses can upload their unpaid invoices digitally and an investor from the platform will purchase the bill at a discounted price. The approved value of the invoice will be credited to the business bank account with 24 to 72 Hrs*. The best part is— this working capital can be obtained without collateral.
Startup Business Loans |
Invoice Discounting |
Stringent eligibility criteria. New businesses find difficulty qualifying for a business loan |
New businesses can access working capital against their unpaid invoices by meeting simple eligibility requirements |
Lengthy loan approval process |
Businesses can access the funds within 24 to 72 Hrs* after successful registration |
The tenure of a business loan may vary between 30 days to 7 years |
The tenure ranges from 30 to 90 days |
Impacts the company’s balance sheet |
Does not impact the company’s balance sheet as it is not considered as debt. |
Requires collateral |
Does not require collateral |
Sign Up Now to Check your Eligibility for Bill Discounting Services