Working capital financing package offered by DragonLend lets customers approach funds easier
1 CHALLENGES THAT SMALL-AND-MEDIUM-SIZED ENTERPRISES (SMEs) HAVE TO FACE:
•Unable to pay employees, and/or rent spaces.
•Not enough cashflows to compensate for receivables.
.No capital to fund purchasing and importing goods, or manufacturing.
•Unable to invest in other segments to expand business, manufacture products.
2 WHAT HAPPEN IF SMEs CANNOT SOLVE CURRENT FINANCIAL PROBLEMS?
• Affect reputation of your business: late payment seriously affects credit history of business. Furthermore, it reduces the ability to have unsecured loan in the future
• Threat of bankruptcy: since revenue cannot compensate for operating expenses, payroll, interests charged by banks, renting expense for manufacturing activities together with other expenses.
3 IS IT FEASIBLE FOR SMEs TO HAVE FUNDINGS FROM BANKS?
Time consuming
While SMEs need quick financing to solve problems in the backlog, the process for documents and assessment takes time. The procedure is complex which makes SMEs find it difficult to satisfy requirements from the bank.
Complicated process
Time for transportation, document preparation is quite a lot since not all business owners have a clear understanding of which documents are essential for loan application and which are nice-to-have.
Working capital financing package - Tailored product for SMEs owners
Benefits
• One of the most competitive interest rate in the market.
• Unsecured loan, no collateral needed.
• Easy, simple requirements and processes.
• Short processing and assessment time for loan application.
• Free consultation and support for preparing loan application.
• No service fee added
Flexible pay-back methods.
Prioritized industries
• Medical and pharmaceutical supplies.
• Technology, telecommunications, and E-commerce.
• Food and beverage
Personal and household goods
Retail.
• Producing and supplying fertilizer.
• Delivery service
• Other industries providing essential commodities.
Required documents
• Tax report (Balanced Sheet, Income Statement) in T-2.
• VAT paper in T-1 in quarters.
• Internal financial statements, in T-1 specifically.
• Bank statements from corporate account in T-1.
• Enterprise Registration Paper.
• ID of business owner/ legal representative.
Optional documents - Make your application solid
• Bank statements from corporate account in T-2.
• Bank statements in from personal account (if revenue is transferred into it) in T-1.
• VAT invoices of sales contracts to show specific income streams and customers (as a proof of income) in T-1.
WHAT MAKES OUR PRODUCT SPECIAL?
Time efficiency
We offer a simple process with documents. It takes 3 days to disburse after customer has completely provided all required documents.
Tailored product for SMEs
Financing package is designed to satisfy demand for working capital of SMEs. Customers can freely choose loan tenors. Loan amount ranging from 100 to 300 million VND for testing period, then high possibility to increase amounts for next loan.
Unsecured loan offered
Expert team at DragonLend rates business reputation based on cash flows, and financial analysis methods which allows business to not only receive desired unsecured loans but also build credit history.
DragonLend's commitment
Are you ready to let DragonLend come together
with your business development?
