Kare Financial Services provides swift and seamless Electronic Data Capture (EDC) System transactions, offering instant loans to businesses. Merchant Cash Advances are particularly beneficial for enterprises that conduct numerous EDC swiping transactions. Whether you need to expand operations, increase inventory, extend credit facilities, or reach a wider customer base, Kare Financial Services' Unsecured Cash Advance EDC Swiping Machine Loans offer optimal solutions for these scenarios.
The EDC (Electronic Data Capture) swipe machine plays a crucial role in facilitating successful card transactions, enabling payments via Debit Cards, Credit Cards, QR Codes, UPI, PPB, and Net Banking. EDC machines are commonly employed at retail establishments to facilitate payments.
Features of EDC Swiping :
- Access credit ranging from 10 lakhs to 1 crore through Merchant Cash Advances, ensuring sufficient cash flow based on your monthly card settlements.
- Flexible loan tenure ranging from 12 to 36 months.
Eligibility Criteria :
The eligibility criteria for EDC Swiping are straightforward and user-friendly :
- Business operational for at least one year.
- Minimum turnover of 20,00,000.
- Minimum card acceptance vintage of 6 months.
- Minimum monthly card volume of 5,00,000.
- A minimum of six settlements per month.
Documents Required for EDC Loans :
- KYC Documents.
- Bank account statements for the past 12 months.
- GSTR3B return statements for the last 12 months.
- Card settlement statements for the previous 3 months.
- Income Tax Returns (ITR) for the last 2 years.
Benefits of Kare Financial Services' EDC Swiping Loans for Retailers: :
Enhanced Sales :
Accepting cashless payments streamlines the shopping experience, leading to increased impulse purchases and overall sales growth across retail outlets.
Reduced Cash Management Costs :
Utilizing card swipe machines reduces the costs associated with managing cash transactions, offering a more cost-effective alternative compared to traditional cash handling methods.
Improved Customer Service :
Cashless systems enhance customer service by offering faster checkouts, queue-busting apps, and value-added services, ultimately fostering customer loyalty and satisfaction.
Targeted Marketing Opportunities :
Electronic payment systems enable businesses to monitor customer purchasing habits and tailor marketing campaigns accordingly, thereby increasing customer retention and revenue.
Enhanced Accounting Efficiency :
Cashless payments simplify financial record-keeping, reducing errors and saving time and resources associated with manual accounting processes. Real-time tracking of sales and cash flow further enhances accounting efficiency.
With Kare Financial Services, businesses can leverage innovative EDC Swiping solutions to optimize cash flow, enhance operational efficiency, and drive business growth.
Interest Rates on Professional Loans :
Kare Financial Services offers competitive interest rates starting from 10.5% p.a., determined by personal and company credit histories, annual turnover, business tenure, sales, earnings, and lender policies. Professional loans can be availed for a tenure of 5-7 years, with terms varying among different banks.
With Kare Financial Services, professionals in Bangalore can access hassle-free financing solutions tailored to their unique business needs, empowering them to realize their entrepreneurial dreams and achieve business growth and success.
