Working Capital Loan (CC) Services in Ahmedabad and Gandhinagar
At Capikone Consulting Private Limited, we understand the critical importance of maintaining a steady cash flow for your business. Our Working Capital Loan (Cash Credit) services are designed to meet the short-term financial needs of businesses in Ahmedabad and Gandhinagar. With our expert consulting services, you can ensure your business operations run smoothly without any financial disruptions.
What is a Working Capital Loan?
A Working Capital Loan, also known as Cash Credit (CC), is a short-term loan designed to finance the day-to-day operations of a business. This type of loan helps businesses cover their operational expenses, such as payroll, rent, and inventory purchases, without the need to dip into their reserves.
Key Features
- Flexible Financing Options:
- Fund-Based Facilities: Cash Credit, Overdraft (against property, fixed deposit, etc.), Term Loans, Export Packing Credit, Pre-shipment Finance, Bill Discounting.
- Non-Fund Based Facilities: Letter of Credit, Bank Guarantee.
- Flexible Collateral Options: Our working capital loans can be secured against various assets, including residential, commercial, and industrial properties. For unsecured loans, we offer options based on business performance and creditworthiness.
- Quick and Easy Access: Enjoy fast processing and minimal documentation to ensure that you get the funds when you need them the most.
- Competitive Interest Rates: Our loans are offered at competitive interest rates, linked to the prevailing market rates, ensuring affordability for your business.
- Flexible Tenure: Loan tenures can range from 12 months to several years, depending on your business needs and financial stability.
Eligibility Criteria
- Business Vintage: Minimum of 3 years in operation.
- Financial Performance: Satisfactory cash accruals over the past 2 years.
- Turnover Requirements: Minimum turnover criteria may apply, ensuring the business has the capacity to repay the loan.
Documentation Required
- KYC Documents: PAN and Aadhaar of the business and its promoters.
- Financial Statements: Last 2 years’ audited financials and the latest ITR.
- Bank Statements: Last 12 months’ bank statements to assess cash flow.
Benefits of a Working Capital Loan
- Improved Cash Flow Management: Maintain liquidity to handle operational expenses without financial stress.
- Business Growth and Expansion: Use the funds to seize new business opportunities and expand your operations.
- Inventory Management: Ensure you have sufficient inventory to meet customer demand without disruption.
- Seasonal Business Needs: Manage seasonal variations in business smoothly without affecting operations.
FAQs
Is collateral required for a working capital loan?
While collateral can enhance the loan amount and reduce interest rates, we also offer unsecured working capital loans based on the business’s financial health and creditworthiness.
What can a working capital loan be used for?
A working capital loan can be used for various operational needs such as purchasing inventory, paying salaries, managing overhead expenses, and covering other short-term liabilities.
How quickly can I get the funds?
Our streamlined application and approval process ensures that funds are disbursed quickly, typically within a few working days, provided all documentation is in order.
Can I use a working capital loan to expand my business?
Yes, a working capital loan can be used to support business expansion, such as entering new markets, scaling operations, or launching new products.
What is the interest rate for a working capital loan?
The interest rate is competitive and linked to the prevailing repo rate or MCLR, ensuring affordability and transparency.