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Unlock funds for daily operations without tying up long-term assets. Perfect for companies, enterprises, and startups to manage short-term needs.

Benefits:

  • Flexible Funding: Use for payroll, inventory, and other short-term payments.
  • Fast Access: Get quick approval and disbursement.
  • Interest Rate: Starting at 9.75%, varies based on business profile.
  • Eligibility: Available to individuals aged 21 to 70.

Who Can Avail a Working Capital Loan?

  • Entrepreneurs
  • Private and Public Limited Companies
  • Partnership Firms
  • Sole Proprietorships
  • MSMEs
  • Self-employed Professionals
  • Service Providers

4 Reasons Why Your Business Might Need Additional Working Capital:

  1. Seasonal Cash Flow: Manage cash flow during off-seasons or prepare for busy periods.
  2. Meet Obligations: Cover payments to suppliers, employees, and the government while awaiting customer payments.
  3. Bulk Discounts: Take advantage of supplier discounts by purchasing in bulk.
  4. Project Expenses: Pay for temporary employees or other project-related costs.

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WORKING CAPITAL LOAN

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Documents Required for a Working Capital Loan

  • Identity Proof: Passport, Driver's License, PAN Card, Aadhar Card
  • Address Proof: Current Residence Proof
  • Business Address Proof: If different from GST address
  • GST Certificate: Last 12 months GSTR 3B
  • Business Proof: Proof of business for the last 3 years (Vintage Proof)
  • Financial Statements: Balance Sheet, Profit and Loss Statement, and Audit Report (duly audited by a CA if applicable)
  • Tax Documents: ITR and Computation of Income (COI) for the last 3 years
  • Bank Statements: Last 1 year's bank statements of current and savings accounts (all if multiple accounts)
  • Ownership Proof: Recent proof (within last 2 months) like electricity bill or water bill
  • Loan Documents: Running loan sanction letter or repayment schedule (if any)


For free expert loan guidance in India, connect or WhatsApp at LoanGuruIndia.com!


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