DancingDonut
DancingDonut

Looking for mentor to guide me in obtaining MSME Loan for my small startup in HR and Recruitment Consulting firm.

Hello,

I have been running my Recruitment and HR consulting firm as a proprietor for the last 2 years and doing pretty fine. I now have a good number of clients which suffice to expand our services. Hence, I am planning to set up an office in Pune and hire a team of recruiters. However, I need some funding of around 8 Lakh to run the operations. I heard about various MSME Loans but not sure how to go about it.

I am urgently seeking a help to understand the process.

8mo ago
FuzzyNarwhal
FuzzyNarwhal
HSBC8mo

Have you tried approaching any NBFC..

DancingDonut
DancingDonut

NBFC has a high rate of interest 13% - 17%.. under MSME loans we get subsidies as well as interest rate barely 8 - 10%. So, focusing on MSME loans

BubblyPanda
BubblyPanda

Very hard to get directly from banks. Try getting an Udyam registration. That might help.

DancingDonut
DancingDonut

I have Udyam Registration. I explored some agencies but they look like fake ones. Really, I am getting tensed.

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Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. For us (prim...

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Funny how no one commented to be adopted by you 🤣

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Bro My suggestion is Buy some big land in outskirts and save some in your Account. Once you fell not intereste...

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Thanks for posting this. Otherwise I only see posts like- "I have 2 YOE with 30LPA salary, is it less?".

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This actually is the reality that most of these ZIRP era Gen-Z babies wouldn't get.

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Wow!! Great. Congratulations man, this is some real shit! 👏👏