Working Capital F.A.Q.
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Working capital loans is applicable for Small, Medium enterprises to augment their working capital requirement as well as meet their daily operational expenditure. You can check your eligibility here
We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.
An overdraft limit is usually given against stock and book debts. It is given as a limit in your cash credit account and can be drawn and repaid depending on your cash flow needs.
The overdraft facility can be and should be used only for working capital requirements like payment to debtors or towards inventory or expense. It should not be used to buy Capital assets and make long-term investment in assets, for which a term loan may be used.
Typically it takes between 7 to 20 working days after full documents are submitted.
Cash credit/Working Capital Demand Loan/Non-funded facilities are renewed annually. Term loans are given for up to 5 years and are reviewed annually.
The minimum amount is ` 3,00,000. The maximum amount is ` 25,00,00,000. However, lenders may be willing to lend higher amounts to deserving companies.
- Sole Proprietorship Firms
- Partnership Firms
- Private Limited Companies
- Trusts and Societies
- Public Limited Companies.
More Than 45 Banks And NBFC partnered with us.