Satyam Home Appliances
Jatindra Prajapati
“NeoGrowth fuelled my Passion to make it big by providing timely funding. They are truly setting up a new benchmark for Convenience & Speed of Funding”

With over 25 years of business experience in Home Appliances segment, Satyam Home Appliances is a chain of retail outlets spread across the western suburbs of Mumbai. They retail all major Brands in Home Appliances segment.

About the business

Satyam started with a small shop retailing electronic home appliances. Gradually with growing market for home appliances in India, his business witnessed huge growth. He started expanding his retail footprint across western suburbs of Mumbai & currently has 5 outlets.

NeoGrowth's Role
Soon he needed funds for inventory & expansion. Initially he raised funds from banks against his inventory as collateral security but, he realised that it was inconvenient to do so for a long period of time. That’s when he started looking for alternative options. He got introduced to NeoGrowth through a friend who had availed NeoGrowth loan & was very happy with the service.

Quotes Mr.Jitendra “My Relationship with NeoGrowth started back in Nov 2014 when I required a small loan for some urgent business need. NeoGrowth was responsive to my funding requirements & provided me a business loan only based on my monthly credit/debit card swipes. I was amazed at the speed with which they disbursed my loan in 3 days with a 30-minute loan approval process.”

Post the first loan he requested for a renewal & chose NeoGrowth for the fourth time in a row inspite of the various options available in the market today for business loans.

“I am thankful to NeoGrowth for helping me in not only expanding the business but also empowering us to impact many livelihoods through the jobs that we have created in our various outlets.”