In 2008, a visionary group of individuals came together to address the financial needs of underserved and unserved entrepreneurs and small business owners in India. Thus, SBFC Finance Limited was born, a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI). Since its inception, SBFC has been committed to supporting the dreams of aspiring entrepreneurs and empowering small businesses to flourish. In this blog, we’ll explore the remarkable journey of SBFC Finance and how it has become a pan-India financial institution with a focus on Secured MSME Loans and Loans against Gold.
A Purpose-Driven Mission:
From the very beginning, SBFC Finance had a clear purpose – to provide much-needed financial assistance to entrepreneurs, self-employed individuals, and small business owners who faced challenges accessing credit from traditional banks. Recognizing the potential of these dynamic individuals and their ventures, SBFC Finance aimed to be a catalyst for their growth and success.
Wide Range of Services:
SBFC Finance offers a diverse range of financial products tailored to meet the specific needs of its customer base. The two primary services they provide are Secured MSME Loans and Loans against Gold. These offerings have been carefully crafted to offer flexibility and ease of access, ensuring that entrepreneurs can utilize the funds for their business expansion, working capital, or other financial requirements.
Extensive Reach and Footprint:
Over the years, SBFC Finance has established an extensive network across India, making its services accessible to entrepreneurs and small business owners in even the remotest parts of the country. As of December 31, 2022, SBFC Finance had a robust presence in over 105 cities across 16 Indian states and two union territories, with 137 branches to serve its customers better.
Innovative Approach to Customer Service:
SBFC Finance sets itself apart by adopting an innovative approach to customer service. The company understands the unique challenges faced by its diverse customer base and offers personalized solutions to address their financial needs. By leveraging technology and data analytics, SBFC Finance ensures a seamless loan application process, quick approvals, and timely disbursements, making it a preferred financial partner for entrepreneurs.
Promoters with a Vision:
The success story of SBFC Finance wouldn’t be complete without acknowledging the contributions of its promoters. SBFC Holdings Pte. Ltd., Clermont Financial Pte. Ltd., Arpwood Partners Investment Advisors LLP, Arpwood Capital Private Limited, and Eight45 Services LLP have been instrumental in shaping the company’s vision and guiding its growth.
The Road Ahead:
As SBFC Finance prepares for the future, it recognizes the importance of a strong capital base to support the growing demands of its customers. To meet this objective, the company recently announced its Initial Public Offering (IPO), aiming to raise funds to augment its capital base and fuel its expansion plans.
SBFC Finance Limited’s remarkable journey showcases the transformative power of financial services when dedicated to empowering entrepreneurs and small business owners. With a customer-centric approach, innovative services, and a commitment to financial inclusion, SBFC Finance has become a trusted partner for thousands of aspiring individuals across India. As the company takes the next step with its IPO, the future looks promising for SBFC Finance and the countless dreams it will continue to nurture and empower in the years to come.