Bridge2Capital Short Term Loan For Invoice Finance

BRIDGE2CAPITAL - ORGANISING THE UNORGANISED BUSINESS





Bridge2Capital is a B2B business model which provides short term ‘rolling’ working capital assistance to shopkeepers and small businesses. The objective of Bridge2Capital is to accelerate local GDP by providing a financial and technological bridge to millions of small businesses in small towns and cities to help them adopt an organized way of working.



Bridge2Capital provides an unsecured credit line to the business owners on a revolving basis in partnership with financial institutions. The business model is designed to monitor the 100% end utilization of the funds. The same is done by funding the GST invoices of suppliers presented by the users directly to the suppliers. Bridge2Capital also ensures faultless repayment cycles on a weekly, fortnightly, or monthly basis as per choice of the user to make sure that the small business owners focus on increasing their business turnover.
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PRODUCT DETAILS

Credit line: ₹ 100,000 - 500,000

Credit days: 30-180 days

Repayment Period: Weekly, Fortnightly, or Monthly

Reducing Annual Interest Rate: 21-27% daily compounding

Annual Technology Fee: 3% of approved credit limit



Here is an example of how Bridge2Capital’s working capital assistance is structured:

Working Capital Limit

Credit Line : ₹ 100,000

Credit Days per Invoice Financed: 30 Days

Repayment Days: Weekly

Annual Technology Fee @ 3% yearly + GST: ₹ 3540



Invoice Financing

Invoice 1: ₹ 10,000 @ 24% per annum for 30 days on weekly EMI basis

Per week EMI of ₹ 2500 + Interest Amount (weekly interest amount on a reducing basis)

Overall Interest Amount Paid ₹ 115.43

Total Amount Paid ₹ 10,115.43

Invoice 2: ₹ 50,000 @ 24% for 30 days on a weekly EMI basis;

Per week EMI of ₹ 12500 + Interest Amount (weekly interest amount on a reducing basis)



Overall Interest Amount: ₹ 556.60

Total Amount Paid: ₹ 50,556.60


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Bridge2Capital promotes a better experience for the end-consumer by providing short-term capital assistance to the retailers, which enables them augment their stores with adequate inventory. It also aims to provide a 100% online experience to the small businesses through a digital eco-system in which they can integrate, right from collecting payments from consumers to making payments to the suppliers.

The objective of Bridge2Capital is to combine the everlasting value of trust with modern-day technology, and to provide the unorganized businesses access to affordable capital.
To know more about Bridge2Capital, visit www.bridge2capital.com or write to us at info@xtracapindia.com
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Additional Information

Updated
January 13, 2021
Size
10M
Installs
10,000+
Current Version
4.0.0
Requires Android
4.3 and up
Content Rating
Everyone
Permissions
Offered By
XTRACAP FINTECH INDIA PRIVATE LIMITED
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