Prest Loans, a new fintech NBFC that provides financial assistance to all kind of Micro, Small and Medium Enterprises (MSME) unit which are in to any kind of manufacturing or services activity in India, is expanding its operations by setting up a Jaipur branch.
The inaugural ceremony of the Jaipur branch will be held on August 25, and Ashok Mittal, Founder and CEO of the company will inaugurate the function.
Prest Loans targets to disburse loans of Rs. 100 cr to small businesses and MSME segment.
“Plans to develop operations in Jaipur, Rajasthan were initiated by very encouraging demand from this area from a variety of businesses. Jaipur is a high growth location where we have seen trading, industrial and services industry expanding better than many other locations. The nearby area around Jaipur is witnessing unprecedented demand for credit. The opening of Prest loan’s new office is an important step towards realizing our goals”, said Ashok Mittal Founder & CEO of the company in the release.
Prest Loans offers short term or long term loans to Micro, Small or Medium Enterprises (MSMEs) unit according to their eligibility in any kind of business. The Loan tenure is flexible based on the business needs and cash flow analysis.
Prest Loans has a vision to assist their stakeholders in growth through customised financing solutions and support the ‘financial inclusion initiative’ for Micro, Small and Medium Enterprises (MSMEs) sector in India.
— PrestLoans (@prestloans) August 23, 2017