Merchant Cash Advance: - Lets Card swipe fund your business growth
Step 2: We will connect with 21+ Bank and NBFC with your proposal.
Step 3: We will submit required documents and negotiate.
Step 4: Loan approved.
Loans under Standup India are provided only to individuals who comply with the following criteria:
- Must be over 18 years of age.
- Applicant should be an Indian citizen
- Minimum Turnover 30 Lakhs per annum
- Business is operating at same place from last 3 years
- Minimum card sales is Rs 1 lakh per month
- Applicant is selling thorugh card from last 1 year
- CIBIL score must be above 700.
- The applicant must not have defaulted on any other bank/NBFC’ s loans.
With AKT, you can put an end to tedious documentation. All that you need are:
- Promoters/Proprietor/Partners KYC such as PAN Card, Aadhar Card and Address Proof.
- Business KYC such as Pan Card of business (If any), Partnership deed/ COI/ Shop & Establishment certificate.
- Address proof for Business such as Rent Agreements, Lease deed, Electricity bill, etc.
- 12 month Bank Statement.
- 2 years IT return with Balance Sheet and P&L.
- 1 Charge slip of all EDC terminals.
- 1 Year EDC sales details.
- GST return for 1 year (If available).
Note: – In case IT returns are not available we can help to prepare it for a separate fees.
- No collateral or security is required.
- Best option for expansion in capacity and production
- Best funding option for seasonal sales shops.
- Easy EMI repayment.
- Quick 3-5 days processing.
- 3-5 working days
- Extensive network of Banks and NBFC
- Quick turnaround time
- Faster Loan approval and disbursment
- End to end expert support from documents to disbursement
Merchant Cash Advance scheme- An Introduction
MCA scheme or Loan against Credit card swipes, which is also known as Loan against EDC sales, is one of attractive scheme for dealers who accept payment thorough card swipes. Based on their one-year performance, Bank can lend them collateral free loan to fund their short-term loan requirements or to meet working capital requirements. AKT Associates can help you to get faster approval of EDC Loans through its extensive network of bank and NBFCs.
Let It Clear The Confusion
What is the rate of interest charged on loans availed under this scheme?
The Interest Rate charged will depends on credit rating and nature of business which can vary from 11% to 18%.
How the loan will be paid back?
The Bank will install one card machine and EMI of same will be deducted automatically and balance payment will be credited to your accounts.
For what purpose I can use this loan?
You can use this loan for any business purpose without any restriction, you can use for working capital need or to buy any machines or to buy stocks in large quantity.
Why should I take this loan?
The one of the most obvious reason is that it is a no colletraol loan further it is quicly processed which is ideal for those traders who has frequent requirement for working capital.
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.