Kinara Capital, a fast-growing fintech propelling financial inclusion, 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.
Accessible via vernacular-friendly myKinara app, the Short-Term Working Capital loan is aimed at supporting quick business growth needs of MSMEs. myKinara app available on the Google Play Store puts the power at the fingertips of small business entrepreneurs to securely apply and receive disbursements of collateral-free business loans. Furthermore, MSME women entrepreneurs will qualify to receive an upfront discount on Short-Term Working Capital loans under Kinara’s HerVikas program.
Kinara Capital has supported thousands of MSMEs to date by disbursing over 70,000+ loans and currently holds an AUM of over INR 1000 crores. Serving over 300+ MSME sub-sectors, Kinara Capital offers collateral-free MSME loans in 3000+ pin codes across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Gujarat & Maharashtra.