Bridge2Capital: Business Loan

Bridge2Capital is a mobile application, designed and developed for small businesses in India. We have a 360° financial health approach towards enabling the growth of businesses with access to on-demand financial services – Business Loans, Savings, Insurance & digital hissab. Our objective is to accelerate local GDP by providing a financial and technological bridge to small businesses in small towns and cities of India.

1. 360° FHC

Bridge2capital offers a paid financial health check for a small businesses. We do a detailed check of the credit bureau report, bank statement, and GST data and offer a detailed report across 15 parameters which reflect the financial behavior and health of the small business owner

2. Hissab

Our Digital Hissab is a digital bahi khata for the small businesses who can maintain their day2day Hissab on their smartphones, access it anywhere, associate it with specific type of people (owner, customer, etc.), and access daily reports. Customers can also notify the other party about the transactions, set reminders for due payments and save softcopies of hard receipts for easy future referencing.

3. Business Loan

Bridge2Capital is a B2B business model which provides short-term unsecured business loans (working capital limit) to small businesses on a revolving basis in partnership with IIFL. The business model is designed to provide Invoice financing for business and monitor 100% end utilization of the funds. The working capital loan is provided based on the 360-degree FHC analysis which provides an overall insight on the creditworthiness of the small business owners. Bridge2Capital offers 100% transparency in its transactions, with all disbursement done to GST suppliers against invoices presented. Bridge2Capital also ensures flexible repayment cycles as per the choice of the customer and the entire business loan can be repaid in different tenures up to 180 days. We ensure that small business owners focus on increasing their business turnover. We do not offer personal loans.

4. Digital Savings

We make daily savings easy for our Digital Dukandaars. Our customers can start savings in 99.99% pure 24K gold with just Rs. 10. Easily buy and sell gold in a few clicks with zero charges. You can also get your gold delivered as a coin or Jewellery simply from our application.

PRODUCT DETAILS

Credit line:₹ 100,000 – 30,00,000

Credit Tenure:Up to 180 days

Repayment Period:Flexible Repayments

Reducing Annual Interest Rate:18%-24% daily compounding

Here is an example of how Bridge2Capital’s business loan is structured:

BUSINESS LOAN CALCULATION

Credit Line:₹ 100,000

Credit Days per Invoice:30 Days

Repayment Days:Flexible

INVOICE FINANCING

Invoice 1:₹ 10,000 @ 24% pa for 30 days on weekly EMI basis Per week EMI of ₹ 2500

Overall Interest Amount Paid:₹ 115.43 (daily reducing basis)

Total Amount Paid:₹ 10,115.43

Invoice 2:₹ 50,000 @ 24% for 30 days on a weekly EMI basis Per week EMI of ₹ 12500

Overall Interest Amount:₹ 556.60 (daily reducing basis)

Total Amount Paid:₹ 50,556.60

Bridge2Capital promotes a better experience for the end consumer through 360° FHC, short-term business loans to retailers, enabling them to augment their stores with adequate inventory. It also aims to provide 100% online experience through a digital ecosystem in which they can integrate, right from collecting payments to making payments.

To know more about Bridge2Capital, visit www.bridge2capital.com or write to us at info@xtracapindia.com