TalentWrangler
TalentWrangler
Stealth

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.

4mo ago
TheLittleElf
TheLittleElf
HSBC4mo

Have you tried approaching any NBFC..

TalentWrangler
TalentWrangler
Stealth4mo

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

BeanCounter
BeanCounter
Haldiram4mo

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

TalentWrangler
TalentWrangler
Stealth4mo

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

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