Veritas Finance caters to the finance needs of small businesses in the MSME sector. Keeping in mind the requirements of the sector, Veritas Finance has designed loan products to meet the following purposes of the segment.
- Business Expansion: To address the medium term to long term finance requirements for business expansion needs of micro enterprises.
- Working Capital: Short to medium term loan requirements of services industries which have to incur expenses to adapt to the changing business environment, to build an asset back up, augment inventory and meet working capital needs.
- Purchase of Stock / Asset: To enable the informal segment of customers to meet the seasonal spurt in demand in their business or create or build an asset base to ward off the uncertainties in life.
The loan amount would depend on the requirement of the enterprises, for a normal tenure of 5 years. Veritas Finance could consider extending higher loan amount and longer tenure for the customers after assessing the nature of the business and the requirement.