Collateral Free Loans for Small Businesses

Collateral free SME loans are often chosen by small businesses because there is no need to pledge their assets.

Small businesses often suffer from bad debts and face difficulties due to manual reconciliations, poor invoice management, delay in payments and collections, and more. This causes poor cash flow in the businesses, and they tend to look for credits for better cash flow management.  

To borrow loans, there is a need to pledge an asset/property like stocks, machinery, real estate, and more. This asset is called collateral and such a loan is called a secured loan. 

SME businesses because of their limited assets, fail to provide the requisite collateral/ securities to access loans. Moreover, the recent low-interest rates for credits are less profitable for banks but have raised more competition and businesses suffer to access credits even if they possess sound financial health and enough assets to pledge. The SME businesses sometimes have inappropriate KYC and are unable to track information on their receivables and financial health which makes them unable to establish information about themselves and limits their access to credits.  

Besides the Government, banks, and top corporates, the top fintech companies play an important role in giving easy access to collateral-free business loans through their partnerships with banks.

Benefits of collateral-free business loans

Banks through their collaborations with popular fintech can be sure that they get repaid in full by offering collateral free loans for small businesses with flexible repayment options. It is comparatively risk-free.

Banks can visit our website:

How can your business benefit from collateral-free business loans? 

  • No need to pledge your assets 
  • Opens multiple opportunities 
  • Access to liquid funds for business operations

Get collateral-free loans from Hylobiz

Hylobiz is an ISO-certified fintech startup operating in India, Bahrain, and UAE. The platform is already integrated with top ERPs and is in alliance with leading banks/ NBFCs. 

Hylobiz enables banks/ NBFCs to showcase their financial products and businesses can easily get access to insurance, savings, loans, pre-approved SME credit cards, and other customized products.

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Get easy access to collateral free loans for small businesses with our banking partners!

Hylobiz in alliance with Bajaj Finance and Neogrowth credit Pvt ltd, offers easier, cheaper, and faster credits to support your SME business. You can get collateral free loans for businesses, and the process is fast and hassle-free with minimum paperwork and quick approval. xThe inventories/stocks, receivables, and payables are tracked and managed well on the Hylobiz platform with access to automated reconciliation and payment reports and a real-time view of cash flow.

Visit the SME offerings page on the Website:

Click to get business loans from Bajaj Finserv:

What are the other financial offerings by the banking partners on Hylobiz?

  • SME credit cards 
  • Our banking partners, Kotak bank and Yes bank offers connected banking services.

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Highlights on some of the top-rated features of Hylobiz:

  • Seamless ERP integration  
  • Easy account integration 
  • Top-notch security 
  • Digital collection through multiple payment modes 
  • Automated reminders 
  • Integrated payment gateway 
  • Automated reconciliation 
  • Accounts receivable management
  • Automated inventory and invoice management 
  • Payment links 
  • Quick onboarding 
  • Automated payouts 
  • Digital ledger
  • Customized checkout

To know more about our features, Read:

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Good news for women entrepreneurs! You can now extra email and SMS credits as you onboard Hylobiz.

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Businesses can subscribe to Hylobiz at a nil setup fee to get access to collateral-free business loans, business process automation, and more.

Sign up. The one-stop platform allows transactions at a minimal cost.

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