Bridge2Capital: Business Loan 4.5.4

Bridge2Capital is a mobile application designed and developed for small businesses in India. The platform adopts a comprehensive financial approach aimed at facilitating business growth by providing on-demand financial services, including Business Loans, Savings, Insurance & digital hissab. The primary goal is to boost the local GDP by acting as a financial and technological bridge for small businesses in various small towns and cities across India.

1. 360° FHC
Bridge2Capital offers a premium financial health evaluation service for small businesses. This service involves a thorough analysis of credit bureau reports, bank statements, and GST data, resulting in a detailed report covering 15 key parameters that reflect the financial behavior and well-being of the small business owner.

2. Hissab
Bridge2Capital's Digital Hissab serves as a digital ledger for small businesses, enabling them to manage their day-to-day accounts on their smartphones. Users can access this tool remotely, categorize transactions (owner, customer, etc.), generate daily reports, notify the involved parties about transactions, schedule payment reminders, and store digital copies of receipts for future reference.

3. Business Loan
Bridge2Capital operates on a B2B model that offers short-term unsecured business loans (working capital limit) to small businesses in collaboration with IIFL. The lending model focuses on providing invoice financing and ensuring full utilization monitoring of the funds. Loans are disbursed based on a comprehensive 360-degree FHC analysis, offering insights into the creditworthiness of small business owners. The platform ensures transparency in transactions by disbursing funds directly to GST suppliers against presented invoices. Additionally, flexible repayment schedules tailored to customers' preferences are provided, allowing repayment in various tenures up to 180 days. Bridge2Capital emphasizes supporting small business owners in boosting their revenue while clarifying that personal loans are not offered.

4. Digital Savings
Bridge2Capital simplifies daily savings for its Digital Dukandaars by enabling them to start saving in 99.99% pure 24K gold with a minimum investment of just Rs. 10. Customers can easily buy and sell gold through the platform with no additional charges and have the option to receive physical gold in the form of coins or jewelry.

PRODUCT DETAILS

• Credit line: ₹100,000 – ₹30,00,000
• Credit Tenure: Up to 180 days
• Repayment Period: Flexible Repayments
• Reducing Annual Interest Rate: 18%-24% daily compounding

Here is an example of how Bridge2Capital's business loan works:

BUSINESS LOAN CALCULATION

• Credit Line: ₹100,000
• Credit Days per Invoice: 30 Days
• Repayment Days: Flexible

INVOICE FINANCING

• Invoice 1:
• • Amount: ₹10,000 @ 24% pa for 30 days with weekly EMI of ₹2500
  • Total Interest: ₹115.43 (daily reducing basis)
  • Total Payment: ₹10,115.43
• Invoice 2:
• Amount: ₹50,000 @ 24% for 30 days with weekly EMI of ₹12,500
• Total Interest: ₹556.60 (daily reducing basis)
• Total Payment: ₹50,556.60