Are You Looking for Financial Aid?

Did you know that non-financial banking companies or NBFCs have shown impressive growth consistently in their market share in India? According to a PwC report, they had 14.3% of the banking assets in the nation in 2014, a significant increase from the 10.4% in 2009! NBFCs generally work in niche areas and thereby are successful in providing highly specialized services, when compared to regular banks. Whether your company is successful or struggling, financial help is always required. Here's how you can turn to financial companies in India for help.

Financial Solutions by NBFCs in India

·         Working Capital Loans: Operating a business is a complex task. The process is never linear. Cash flow fluctuates according to the different agreements and liabilities. The capital needed to run the business on a daily basis can have various purposes, ranging from paying the electricity bill to purchasing raw materials. With such loans you can cover the gap between business operations and monthly revenue. You get the freedom to use the money as per your daily requirements.

·         Small and Medium Enterprises Loan: For small and medium scale companies, rapid expansion is the goal. To run the business swiftly, you need access to higher grade technology or inputs require higher investment. This may become a little problematic for an SME or startup to arrange. Loans for such enterprises can be used to give a boost to business finances so that expansion to new geographical locations, hiring a high skilled workforce and buying new equipment can be facilitated within a short period of time and at low rates of interest.

·         Supply Chain Financing: It is usual for businesses to conduct their transactions with other companies on the basis of temporary credit. While they make their delivery of goods, the payment may still be due at a later date. During this waiting period, if there is requirement for funds and no other assets or equity can be used, bill discounting comes to the rescue. You can get your invoice receipt discounted by the bank on payment of a small fee. This will help you overcome your cash crunch.

·         Term loans: There can be multiple situations for a company, where they struggle with liquidity and sustaining cash flow. This can have negative impacts on the business. You might have a requirement for expansion or adopting of new technology. For all these situations, you can take a loan. You can decide the term of the loan as per your financial situation and ensure that the growth of your company never stops.

For specialized requirements, you need niche solutions. For example, if you want to avoid currency risk volatility, you can opt for treasury risk management services. Financial companies in India are adept at handling varied needs of companies across all sectors of the economy!