Here are some major challenges Sri Sai Creations were facing before they discovered Yubi:
- Producing a range of different apparel on a mass scale requires large capital. Sri Sai Creations was facing a shortage of working capital.
- Credit limit exhaustion and no quick access to credit.
- Liaison with another banking partner comes with disadvantages like time constraints and tedious paperwork.
- Lacked an in-house financial expert who could steer the company towards the right products from the debt market and put them in touch with the right lending partners.
- The pandemic further dented the company’s plan to expand its operations, which required an influx of Rs 4 crore urgently.
- Getting access to the right kind of deals that fit in well with the business requirements and secure funding became a hassle..