Electronica Finance Ltd, incorporated in 1990, is a part of the SRP Electronica Group and a pioneer in the field of Machine Finance. After an eventful journey of close to 3 decades, EFL today has more than 40 offices across the country, has served more than 7500 customers and has an AUM in excess of Rs.1150 crores. The origin of the SRP Electronica Group was that of a manufacturing company started by a group of first-generation technocrats. With the experience of starting a new business also came the realization about the challenges, especially financial, that a typical SME business has to face. As a result, the group’s understanding of machines, as well as manufacturing experience, was leveraged to start financing of machine purchases, which at that time was a pioneering effort. This understanding was also used to start other innovative services like doorstep finance and assessment-based financing. Very soon, EFL started financing machines of other manufacturers in the machine tool as well as other industries. EFL’s ground-breaking products, services and last mile connectivity were also recognized by SIDBI, which resulted in a partnership which is now more than 12 years old. Keeping in mind the overall philosophy of customer centricity and assessment-based financing, products such as loans for purchase of industrial properties, bill discounting and working capital loans were introduced and they have contributed to EFL’s success. EFL today continues to be shaped by its experiences and philosophy of customer centricity, innovation and transparency. This is also the genesis of new business verticals like micro enterprise financing, which aims at providing much-needed funds to businesses across the trading and service industry. With its vision of “Creating success stories for businesses”, EFL is perfectly poised to successfully continue on this journey of passion and progress.
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      While the Covid-19 pandemic has had a drastic impact on the economy and businesses of all sizes, however there is likely to be a silver lining as well. The post Covid 19 world will require businesses to operate differently, even governments around the world are likely to increase their spending on infrastructure, healthcare, and public health. Workplaces may also evolve differently to...
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  • ABC of Loan Against Property - Electronica Finance
    ABC of Loan Against PropertyWhat is LAP?Loan against property is a loan which you avail by keeping yourcommercial/residential/industrial property as collateral. It is also called a secured loanas the property owned by the applicant is the security for this loan. The amount ofpotential loan will be sanctioned depending upon the value of your property.LAP is a great option to acquire funds at a...
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  • What is an EFL Restart Loan?
    EFL’s Restart Loan can be used for working capital, purchase of raw materials, paying off old vendor bills. It can also facilitate much-needed servicing or refurbishment of equipment and machines post COVID-19 lockdown. While the lockdown has prevented the growth of the virus, it has not completely gone away. Each business will have to take necessary precautions to combat COVID-19 at...
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  • Financial Management during Business Downfall
    While we can’t predict the future, we can learn lessons from history: what actions successful companies take during and after the downswing. The economy keeps facing ups and downs frequently. Currently, the Indian economy is on the verge of a recession and financial knowledge and understanding becomes even more vital during these times. Business people should be able to identify the...
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  • Things you need to know about Equipment Loan/Machine Loan
    For a small business, primarily one into manufacturing and production, machinery and equipment are the heart of operations. Older machinery and equipment need to be upgraded periodically to maintain and increase the production capacity of the business. At the same time, an increase in demand requires purchase of new machinery and equipment. A machine loan is often necessary to ensure timely...
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  • Used Machinery Buying Guide
    Used Machinery Buying Guide Whether you’re starting a business from the ground up or expanding your existing enterprise, buying new machinery may not always be feasible.  The best middle way is to look for a used machine that suits your budget as well as necessity. But how do you make sure that you're getting the best value for your money when purchasing used machinery?  The...
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  • Why is Working Capital important for Small Businesses? | Electronica Finance
    Why is Working Capital important for Small Businesses?   Many successful companies watch their working capital closely – and with good reason. It is one of the best indicators of a company’s financial well-being and its cheapest source of finance. Among the three most important business elements of cash flow, growth and profitability, many business leaders consider cash...
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  • business Loan Provider in India | Electronica Finance
    india
    Business Loan is a product by which money can be raised for paying of business related expenses or expand existing business. These loans can be availed without security if your financial profile and bureau score is good.
    Benefits of Business Loan -
    1.Leverage your used machines to get a loan.
    2.You can get an unsecured loan if your financial profile is good.
    3.Get immediate funds for urgent requirements.
    Business Loan is a product by which money can be raised for paying of business related expenses or expand existing business. These loans can be availed without security if your financial profile and bureau score is good. Benefits of Business Loan - 1.Leverage your used machines to get a loan. 2.You can get an unsecured loan if your financial profile is good. 3.Get immediate funds for urgent requirements.
    Type
    New
    Price
    Free
    Status
    In stock
    1
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  • Machine Loan | machinery loans | Electronica Finance
    india
    Machine Loans help you buy new or used machinery without collaterals in an easy and simple way. You can purchase machines like VMC, CNC, blow molding, injection molding, embroidery machines, printing and wood cutting machines through this loan.
    Machine Loans help you buy new or used machinery without collaterals in an easy and simple way. You can purchase machines like VMC, CNC, blow molding, injection molding, embroidery machines, printing and wood cutting machines through this loan.
    Type
    New
    Price
    Free
    Status
    In stock
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