MUMBAI: NeoGrowth Credit has launched a new loan product called Vendor Finance Express , for the SMEs . For small businesses who are often troubled with timely and sufficient availability of working capital funds, adhering to the demand of varied supplies becomes difficult. This is further accentuated with delay in payments and long credit cycles.Vendor Finance Express will provide access to finance for the underserved MSME segment of India. This product is digitally enabled where a loan application is processed with an automated scorecard based decisioning, resulting in disbursals within 48 hours. The product caters to MSME with a minimum business vintage of three years and supplying to large corporates.

Source: Economic Times February 10, 2021 05:45 UTC