Working Capital Loans

Working Capital Loans 

Working Capital Loans are suitable for bridging your short term cash flow gaps and for ensuring that you can manage unexpected expenses of your business

  • Loans from Rs. 50,000 to Rs. 10 Lakhs
  • Loan Term from 3 months to 12 months
  • Average Interest rate of 17% * 
  • Ideal for businesses that are over 1 year old & have annual income of over Rs. 50 lakhs
  • Borrow against future cash flows and invoices to credit-worthy counterparties
  • Loan can be funded up to 90% of the invoices
  • Fast disbursement – get the money in your business account within 7 business days *
  • Weekly repayment, deducted directly from your business account

* Conditions Apply

  1. Loan Rates will depend on the loan purpose and security offered
  2. Loan disbursement depends on the correctness of the documents submitted 

List of Documents for Working Capital / Short Term / Medium Term Business Loan :

  • IT Returns of last 3 Years
  • Last 3 years audit reports and audited financials (including of associate companies if applicable)
  • ( Company debtors and creditors list with transaction details is must)
  • Last 12 months bank statements
  • Certificate of Incorporation, MOA, AOA (i.e. for Private Limited / OPC Companies)
  • Partnership Deed for LLPs
  • Certificate of Registration / Trade License for sole proprietors OR Single Person Company
  • Residence / Office Ownership Proof
  • Aadhar Card for Directors, Promoters, Applicants
  • Copy of Address Proof & ID Proof of Applicant ( i.e. Passport, Voter ID, PAN Card, Driving Licence, Aadhaar Card )
  • Utility Bills for Telephone / Electricity / Internet
  • Copy of Company and Directors / Partners / Proprieter PAN Numbers

Information required for Working Capital Loan

  • Loan Amount Required
  • Contact Person Name
  • Business Name
  • Purpose of the Loan
  • Type of Business Loan (Working Capital / Short Term /Medium Term Business Loan)
  • Most Recent Annual Revenue
  • Most Recent Operating Profit
  • Industry Type
  • Age of Business
  • State
  • City
  • Office (Own / Rented)
  • Email ID
  • Mobile / Telephone

 

Need more details on Working Capital Loans / for any queries?

Please Get in Touch with Us @ +91 85535 12415 (Abhi Loans - Working Capital Loan Consultants)

Email Us info@abhiloans.com