Working Capital Term Loan
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A Working Capital Term Loan is a short-to-medium term loan designed to meet the operational needs of your business. Unlike long-term loans used for purchasing fixed assets, this product is tailored to provide immediate liquidity to fund day-to-day business expenses. Repayment is made over a fixed tenure through easy monthly installments (EMIs).
Benefits of a Working Capital Term Loan
- Improved Cash Flow: Ensures smooth operations without interruptions due to temporary fund shortages.
- Short to Medium Tenure: Flexible repayment periods designed to suit short-term needs.
- Quick Disbursal: Minimal documentation and fast processing to ensure timely access to funds.
- No Need to Dilute Equity: Unlike seeking investors, you retain complete ownership of your business.
- Customizable Loan Amount: Loan amounts tailored to your business size and funding requirement.
Features of a Working Capital Term Loan
- Loan Amount: Based on your business turnover, financial health, and repayment capacity.
- Tenure: Typically ranges from 6 months to 3 years, depending on the loan amount and business profile.
- Collateral Requirement: Offered as secured (against property, inventory, or receivables) or unsecured, depending on eligibility
- Flexible Repayment Options: EMI-based repayment with possible prepayment facility.
- Interest Rates: Competitive rates based on market trends, loan amount, and business credit profile.
Factors to Consider
Before applying for a home renovation loan, consider the following factors:
- Business Vintage & Stability: Lenders may require proof of stable operations for at least 1-2 years.
- Cash Flow Management: Assess your repayment capacity based on expected cash inflows.
- Interest Rate & Charges: Understand the interest rate structure, processing fees, and any prepayment penalties
- Documentation: Have your business financials, bank statements, GST returns, and KYC documents ready.
- Credit Profile: A good credit score or repayment track record helps secure better terms.
How to Apply for a Working Capital Term Loan
Applying for a working capital term loan is a straightforward process:
- Check Eligibility: Use our online calculator or consult our team to assess your eligibility.
- Submit Documents: Provide necessary business financials and identification documents.
- Loan Approval: After document verification, we'll offer you a tailored loan solution.
- Get Funds: Once approved, funds are disbursed swiftly to your account.
- Wait for Approval: The lender will verify your documents and creditworthiness before approving your loan.
Empower your business with reliable working capital financing. Apply now and take your business operations to the next level