Businesses sometimes, even while earning find a shortage of funds, which occurs especially around a high season or cyclical sales periods. Such businesses often opt for working capital loan which helps in financing the everyday tasks of the company and bridges the gap between purchase of items and funds received from the sales of goods. Working capital finance is a boon to ensure that the low business activity periods do not come. Sometimes people opt for such loans to settle the high interest loans which they are already paying to return. Short term working capital loans are also available which must be settled in a shorter time and can associate with a renovation, expansion of an existing business or any such short term business expense. Especially if wishing to buy equipment for business anequipment finance facility is available. The working capital loan or finance can be availed by not just businessmen but professionals and self-employed individuals as well. Loan for doctors are a popular kind of working capital finance where they can easily avail loan for doctors equipment if planning to set up new machinery or equipment at their clinic or hospitals. If worried about the interest rate and other eligibilities then you can easily sort all queries and doubts at RupyaaPaisa, where you get doctors loan interest rate India card.In all we are, your one stop destination to getting any types of loans or finance easily and worry-free.
A working capital loan is a loan that has the purpose of financing the everyday operations of a company.It allowes to fulfill the financial gap or time between purchase and cash received from sales.Companies that have high seasonality or cyclical sales cycles usually rely on working capital loans to help with periods of reduced business activity.
Fund Based Credit Facilities:
Non-Fund based facilities
Term loan : Rupyaa paisa helps you in sanctioning of project loan (green field or brown field) or non-project loan for capital goods/ asset creation for your project on long term basis Salient Features:The Term loan provides funds for
Can be availed under Deferred Payment Basis.
Terms loans can be availed in Foreign currency i.e. FCL/FCTL
Loans against future rent receivables
Factoring of Future receivables
Duly signed application form by the firm/company applying for working capital finance
Business proof - Shop establishment/certificate of incorporation/partnership deed
PAN card of entity/partners/directors, guarantors.
Address proof of entity/partners/directors, guarantors
3 years Audited balance sheet/P&L with schedules to balance sheet
Acknowledged copy of IT returns filed for the last 3 years.
Current year performance till date along with projected performance for the year.
VAT returns justifying sales for the current year.
|Latest Bank statement for the last 6 months (new proposal) and 12 months (Take-over proposals). The statement of account should be of the operating account|
Present status of orders on hand
The latest sale deed along with parent documents for the last 30 years for the property to be submitted as collateral . Along with the government approvals, latest paid water/property taxes.
Post Sanction Documents
As stipulated by the bank