To compensate for the lack of physical offices, businesses are turning to digital banking solutions and alternative lending that offer a full range of services without requiring branch visits.
Lending Product Range
Online lenders and non-bank financial institutions (NBFCs) offer fast financing, often with minimal documentation (“low-doc”):
Term Loans: Lump-sum financing for major investments or working capital, repayable over 1 to 5 years.
Trade Lines of Credit: Flexible access to funds with interest payments only on the amount used, ideal for managing cash flow gaps.
Invoice Factoring: Selling unpaid invoices to obtain immediate cash (up to 95% of the value), useful for long payment cycles.
Equipment Financing: Specific loans for the purchase of machinery or vehicles, where the asset itself serves as collateral.
Merchant Funds Advance (MCA): Financing based on future credit card sales, with a 100% online application process.