Finance Working Capital With Enkash Credit Card

By Author: Aanya bhat
Total Articles: 4
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Today, even businesses that start from scratch can avail of a “working capital loan” or essential startup loan, that too without collateral. This is true, thanks to the top fintech companies in India 2020, such as EnKash fintech platform. Working capital loans may be disregarded as an unwanted expense, especially by those who do not understand the algorithms behind startup growth and expansion. But a smart loan strategy is a vital tool to deal with the day-to-day expenses incurred by your enterprise, such as payroll, inventory, etc.

Working Capital can be availed through a host of options such as short-term loans, bank overdrafts, merchant cash advance, equity funding, etc. To address the working capital needs, corporate credit cards that provide a revolving line of credit like the EnKash Credit Card are also helping the small and medium enterprises in making a real-time assessment of capital needs, making quick payments, tracking business transactions, and monitoring the company’s liquidity among several other benefits. Other simple ways to obtain working capital finance include, lending from friends and relatives, ...
... applying for a short term (installment) loan in banks (note that your credit score is crucial in this case; a good credit score of about 700 means a hassle-free loan), applying under eligible government schemes such as PMRY (Pradhan Mantri Rozgar Yojana) scheme, mortgaging tangible assets such as land, gold jewelry, etc. However, in most of these options, one has to have collateral or a really good credit score against which the money can be lent.

With EnKash, entrepreneurs gain financial freedom, not only with collateral-free loans but also in availing of loan benefits with relatively lower credit scores. And a 100% digital KYC with the least documentation helps to decrease the downtime and delivers access to capital within a few minutes, right at your fingertip. Thousands of small and medium enterprises have availed the benefits of EnKash’s digital interface and corporate credit cards, and yours could be the next success story.

To know more visit www.enkash.com.