Kinara Capital introduces collateral-free short-term working capital loan
Rapid TAT to expedite financing for quick business growth needs for MSMEs
Bangalore, January 27, 2022: Kinara Capital, a fast-growing fintech propelling financial inclusion, today introduced Short-Term Working Capital loan option for its current MSME customers. Available in the range of INR 50,000 to INR 2 Lakhs with rapid turnaround (TAT) and lower processing fees, the Short-Term Working Capital loan will have a tenor of 6-12 months to give MSMEs the option of fulfilling sudden business needs.
MSMEs typically run on a tight budget and are frequently challenged with restricted cash flow when handling changing business priorities, such as, trying to fulfill a new purchase order, printing a new signboard, purchasing raw materials, stocking up on needed inventory, machine repair, or hiring new workers. Short-Term Working Capital loan can be used for any number of business requirements.
“By offering a quicker Short-Term Working Capital loan option to handle sudden business expenses, Kinara Capital is giving MSMEs leverage that can instantly dictate their turnover. We are always looking for new ways to support our customers, and we have made this process even simpler with a one-click request and digital disbursement from our myKinara app,” said Hardika Shah, Founder & CEO, Kinara Capital.