The SME (Small and Medium-sized Business Enterprise) segment is one of the fastest-growing components of a booming economy in today's global marketplace and nurturing it for further growth is in the key interest of every nation. Take, for instance, in the U.S itself, SME segment employs over 50% of the country's private workforce, contributes over 50% of non-agricultural GDP, and has consistently created 2/3rds of new employment opportunities in the last two decades. Under such a scenario, the country can hardly afford to lag behind when it comes to identifying and nurturing this critical component of its economy. However, the sad reality is that the monolithic traditional banking sector is yet to wake up and realize the latent potential of this path-breaking heterogeneous segment (In the year 2018 itself, there was a funding gap of $5 trillion in the needs of the SME segment and the options available from incumbent sources), a major portion of this important customer segment is relying heavily on our alternative SME lenders, like CrestHill Capital. Today's article throws light on the market disruption and economic bottlenecks being faced by the SME sector and how we, at Alt lending is transforming how SMEs are being upheld and boosted - today and in the days to come. We are leveraging our years of experience and automation investment to create huge scope for Cash Advances for the SME segment in the last few years. Our bold approach, coupled with the use of innovative technology, is fast making Alt lending emerge as the forerunner in this particular capital building category. Let me give you a purview of how we, in the Alt lending sector, are making definite inroads into financing the SME segment?1. The fast processing of Cash Advances with minimal to nil paperwork and fast funding approval make us automatically the first choice of SME operators. Cash Advances now get disbursed in as less as 48 hours. Online application features, automated approval process, and automated pricing capability assessment make financing quick and hassle-free. 2. Cash Advances accessed from our Alt Finance companies like Crest Hill Complaints are offered at a far more reasonable rate of interest than daily payment credit. The enhanced price transparency helps to forge trust and lasting business relations. 3. Our Alt lending companies like CrestHill Capital make use of data analytics to generate cloud-based credit scoring to have a more predictive overview of their client's business ratings. The lack of dependence on actual credit scores leads to much lower operating expenses and gives a more new age, conventional economic thrust to the business by accurately analyzing SME activity, profitability, and liquidity. 4. Our friendlier and more accessible customer portal 24 X 7, like for example Crest Hill Complaints, provide all possible assistance and facilitate lending based on "softer" underwriting criteria like the promise of a long-standing relationship with the borrower. More than a history-based equation with the customer, our new age Finance model relies on AI algorithms and sophisticated credit assessment models to gauge the credit-worthiness of our customer base. 5. Our realtime risk profit assessment module uses a mix and match of traditional tools and alternative data like Predictive indexes, which are based on current and future cash flow figures from book entries and bank accounts. We use this data to gauge the SME ability to repay credits and lay down the foundation of a dependable economy. This keeps in check the need for collateral requirements and keeps interest rates reasonable, which otherwise would have spiked to compensate for the increased risk. The enhanced integration of digital technology promises a period of constant and rapid change, and unless the traditional banking sector upgrades its entire approach, we at Alt finance are gearing to gain a higher percentage of the overall market share in the upcoming future.
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