A small business owner faces a lot of challenges in day-to-day operations. It is related to invoicing, payments and collection. But being a small business, it does not get easy access to cheaper capital, which also becomes a hurdle for small businesses.
For the successful execution of a business, a business requires healthy capital from time to time. When a cash crunch happens, a businessman looks for some easy to get and collateral-free options. So, there comes into picture the concept of a pre-approved credit card.
A pre-approved credit card offers a credit limit to a small business owner, which they can use to pay vendors, bills payments, and taxes. It helps in working capital as it allows interest-free credit for up to 50 days. It also provides cashback on every spends.
Small businesses can make the most of these credit cards in growing their business. While selecting a credit card, they should compare the interest rates, interest-free credit period, credit limit, and other charges. A single credit card cannot be the best credit card for all businesses because every business requirement is different. So, choose wisely according to your requirement.
Hylobiz is a Fintech startup catering to SMEs in India, UAE, and Bahrain.
Our tailor-made solutions help small businesses simplify their businesses and achieve maximum efficiency.
You can integrate your existing ERP on our platform at zero cost. We expedite your collections by syncing your invoices from your ERP. Also, send automated payment reminders when payment becomes due.
You can create an invoice of your own choice, attach payment links to them and share it across social media, email, or WhatsApp. You get a digital ledger with real-time updates on your transaction.
Also, avail of easy and quick business loans from our partners like Bajaj Finserv and Neogrowth credit private limited. We also offer bill discounting and SME credit cards, which allow you up to 50 days of interest-free credit and rewards on each spend. It helps you in boosting your working capital as well.
We are an ISO-certified organization. All your transactions are safe and secure with us as we also maintain bank-grade security.
Grow your business with Hylobiz. Sign up here: https://www.hylo.biz
Reach us: support@hylo.biz
Read the blog originally published here : Hylobiz | How to get pre-approved credit cards for businesses? | hylobiz®
