LegalDocs helps MSMEs secure loans

The days are gone when accounting, compliance and legal formalities were considered costs to businesses, especially in the medium, small and micro enterprises (MSME) sector. But with the smart digital world it works as one of the best investments.

According to LegalDocs, a Navi Mumbai-based registered firm and collective of chartered accountants, company secretaries and lawyers, customers should start allocating more importance towards this expense and they will be rewarded handsomely.

A stunning example of this was the firm’s ability to secure online “in principle” loan approvals for 16 of its MSME customers, within hours of the Prime Minister, Mr NarendraModi, announcing major procedural and funding reforms for the MSME sector in India recently.

Getting working capital and a business loan of up to Rs 1 crore will surely be a major relief to the MSME sector. Besides, the “59-minute” loan procedure is collateral-free and has no guarantees attached. Loans under this scheme are available to MSMEs at 2% lower interest rate.

“LegalDocs is passionate about helping MSMEs. We are currently servicing more than 20,000 MSME clients and start-ups for accounting, finance, compliance and legal work,” said Mr Gaurav Kumar Kate, CEO of LegalDocs.

“Within 24 hours (of the PM’s announcement), we helped 16 of our MSME clients to cumulatively secure in-principle approvals for loans amounting to Rs 8.23 crore,” he added.

LegalDocs makes accounting and legal work easy, secure and valid. Using India Stack infrastructure, it is creating state-of-the-art experience of ‘Digital India’, be it creating, validating or receiving valid legal documents. For more information call +91-9022119922 or visit https://legaldocs.co.in/

Comments

 



Add Comment
     

 

FlexSlider 2