Working Capital /Term Loans

Working Capital /Term Loans

A working capital loan can be defined as a loan availed by the firms for covering their everyday operational Expenses. These loans are the excellent way for the businesses to become more focused on their growth and generate capital. Working capital represents a business's financial efficiency in managing its payroll, inventory purchases, marketing campaigns and other expenses that occur within daily operational expenditure. Businesses take a longer period of time for paying invoices and that’s why their inventory takes a lot of time for turning it over. This sort of loan can be used for boosting the cash flow so that they always have the money whenever they need it. The working capital loans are based on the existing orders or outstanding invoices and inventory. As a result of this, you can’t borrow more than the amount you know you will not be able to pay back quickly, that eliminates the worries.

Loan Eligibility

Sole Proprietorship /Partnerships/Private & Public Limited Companies
3years Business existence
Collateral to be offered
Manufacturing and Trading units
Purchase of Capital goods

Documents Required

KYC documents for yourself and your promoters (if any)
Certificate of business registration
Bank Current /OD Account statement for the last 12 months
Last 3 years IT Returns and Financial statements
Business Profile
Projects/Unexecuted orders in hand
Cash flow and Projections for next 3 years

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