When Vinay Murthy, of Antal Infotech, set out to find financing for his HR Solutions company, based in Koramangala, Bangalore, he did not realise how complex and frustrating it would be. He required the financing due to complex but firm government rules around disbursal of payments owed to staff, and due to the growing number of contracts he was getting. Fortunately for him, he found the solution with bill discounting with MarketFinance India
When Munnar saw his medicine distribution business grow in Hajipur, Bihar, he didn't understand why no bank was willing to lend to him. His 2 year old sole proprietorship was growing significantly, and was profitable as per his income tax returns. He had no previous history of loans, and he was ensuring that he maintained strict banking discipline in his bank account, never once issuing a cheque that would not be honoured due to insufficient funds.