WORKING CAPITAL FINANCE
Start Registration
WORKING CAPITAL FINANCE
Working capital loans are short term financing options that are used to cover accounts payables, wages and investments on short term assets. SMEs whose business are dependent on seasonality or manufacturers who depend on traders can opt for these loans until their business picks up or they receive payments. Since working capital loans can be used as the SME deems fit and can be availed for shorter terms
Eligibility
- Financial assessment.
- Valuation of property provided as security.
- Minimum 3 years in same Business & same location.
- Satisfactory conduct with the existing Banker.
Silent Features
- No collateral required.
- Easy EMI based repayment options.
- Competitive rate of interest.
- Customized repayment plans.
Required Documents
- Generally Required Financial Documents
- CMA Report if turnover > Rs. 5 crores
- Business continuity Proof – 3 years income tax return & Income statement
- Last 2 year audit report and audited Financials (debtors & creditors List a must).
- Last 12 months bank statements.
- In case of transfer of loan: Last 12 months of loans statement along with sanction letter of previous bank.
- Any other loan statements on books of companies along with sanction letters.
- Last 12 months loans statement with sanction letter of any other existing loans.
- Business incorporation date proof – PAN Card
- MOA(Memorandum of Association ) and AOA (Articles of Association)
- Latest share holding pattern on company letterhead
- List of Current Directors on company letterhead
- Partnership deed
- Certificate of Registration
- Certificate of Incorporation
