For 7 crore MSMEs in India, access to credit is a perennial problem.
Not because banks don't have capital. Not because these businesses don't deserve it. The money exists. The demand exists. What's broken is everything in between.
Applying for a business loan is a project in itself. Assembling the file — GST returns, bank statements, ITR, KYC — takes days. Then it sits in the bank's queue. An underwriter picks it up eventually, cross-checks the data, runs the ratios, and makes a call. End to end: 2-3 weeks. In tier-2 and tier-3 cities, often longer.
And the majority of those files get rejected.
Not because the businesses are weak. Because the files weren't assembled right, the data didn't tell the story the bank needed to hear, or the application went to the wrong lender for that profile. Weeks of effort by the business owner, their CA, their advisor — gone.
We know this because we spent over a decade on the bank's side of the table.
We saw which files sailed through and which got flagged. And we noticed something: the signals that decide approval or rejection are already sitting in the borrower's data — their GST filings, their bank statements, their cash flow patterns. The bank reads these signals. Nobody on the other side does.
That's the asymmetry we set out to fix.
GSTN data and a bank statement in. Eligibility assessment out. Minutes, not weeks.
LoanSignal runs the same evaluation a bank's credit team does — turnover trends, filing consistency, cash flow health, obligation ratios — but before the file is submitted. If something will trigger a flag, you see it first.
We didn't build LoanSignal to replace the bank. We built it so that every business owner, every CA, every advisor can see what the bank sees — and give every file the best possible chance of approval.
The credit gap won't close with more capital. It'll close when more files get a fair shot.
Try LoanSignal Now. It is a delight.