Today, India’s MSME sector is made up of millions of enterprises. Not only is this poised as the growth engine of the country’s economy, but it also provides large-scale employment in rural and urban areas. This stance is further strengthened by the Government’s various financial inclusion schemes with additional benefit for GST-registered MSMEs
The demand for Credit in MSME sector is huge. Credit is needed for running daily business operations of the MSMEs as also for business expansion purpose. However, the MSME sector still faces a wide credit gap, primarily due to the lack of awareness amongst MSMEs about loan opportunities and credit eligibility
Our Vision is to be trusted financial partner for MSMEs. We at ERFL, help out the MSMEs with required credit needed for bridging working capital gap as also for business expansion. We cater to Micro, Small and Medium Enterprises (MSMEs) with Udhyam Registration Certificate and GST Registration Number (if applicable)
Below given is our range of Products which are tailored to meet MSME credit requirements.
Credit facility or short-term loan where Dealer (Buyer) borrows money from Lender against their yet-to-mature invoices for making payments to their Supplier (Anchor). Dealer (Buyer) pays interest and/or fee to the lender against the invoice financed. Every anchor (seller) has a total credit limit with sub-limits for each dealer (buyer).The primary obligor under dealer financing/ purchase invoice discounting would be Dealer with recourse on the Anchor in case of default. The credit facility are extended to the dealers only against the invoices pertaining to the purchases made from the Anchor (seller).
The Company is having valid Certificate of Registration (CoR) No. B-13.02149 dated January 4,2017 issued by Reserve Bank of India (RBI) under Reserve Bank of India Act, 1934. However, RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of Company or correctness of any of the statements or representation made or opinion expressed by the Company.