A business, during its tenure of operations, is bound to witness cyclic upheaval. A Working Capital Loan helps businesses sail through such stretches. It is a credit facility crafted for businesses requiring resources principally for their daily operations which are critical to supply chain and inventory management.
Made available to entrepreneurs by Banks and NBFCs, a Working Capital Loan can be fund-based or non-fund based. The borrower is at liberty to choose any type of Working Capital Loan, determined by the business’s stipulations.
From Bank Guarantee to Cash Credit, Bank Overdraft to Letter of Credit – Working Capital Loan options are constructed to suit each business’s particular needs. Borrowers can apply for a loan, basis the company’s financial strength and credit score, which is repayable over a period of time and depending on current repayment behavior, can seek enhancements over and above the sanctioned amount