Get Easy Working Capital Loans With Enkash Credit Card

By Author: Aanya bhat
Total Articles: 4
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India’s ‘Make in India’ drive and the vision of Atmanirbhar Bharat has given a new lease of life to many small and medium scale enterprises throughout the country. The start-up wave that has washed the shores of the business world demands newer ways to deal with old problems. And the worry for “working capital” is at the heart of it. Working Capital is the money that finances the daily expenses of a business. It helps to pay for labor, rent of the land and machinery one uses, and restock inventory for future demands. Since a company’s revenue is not consistent through many quarters of the year, a consistent cash flow is difficult to achieve without external financial backing. Working capital loans tackle this problem with great efficiency. While many budding entrepreneurs may hesitate to apply for a loan, doing so gives wings to your business. It gives you the freedom to take on large consignments, expand and branch out in different cities and get a foothold in the local market.

With the advent of digital payment and customer interface, fintech platforms have quickly sprouted in every corner of the country, ...
... to assist businessmen and merchants in their monetary transactions with not only paper-free payment but also availing loans such as “working capital loan”. EnKash, one of the top fintech companies of India 2020, is one such fintech platform but with a host of benefits unique to its AI technology. While working capital can be financed through several methods such as bank overdraft, merchant advance, short installment loans, or by simply lending money from friends & family, none of these is effective if you struggle with mortgaging tangible assets or have a bad credit score (a good credit score of about 700 indicates your ability to pay back the loan amount and is dependent on your previous financial transactions, credit history, etc.)

EnKash offers a one-stop solution to all of your working capital woes with an All-in-One Corporate card called the EnKash Credit Card. Unlike traditional loans, the EnKash credit card helps to finance unforeseen capital needs, track payments and the DIY digital interface maximizes the potential of your balance sheet. EnKash also offers collateral-free loans even with a bad credit score in a hassle-free digital mode to free you of bank revisits and decrease downtime. You can learn more about this on our website www.enkash.com.