Working Capital Loan

This loan is designed for any running business which needs short term finance to operate their regular as well as additional business requirements. This is term, CC (H) and revolving type loan.

Basic Information

All information may differ from bank to bank Eligibility

• Any legitimate business entity with at least 2 years of operation
• Business cash flow has to support repayment
• Have valid trade license & other business documents

List of some banks which have Working Capital Loan product

Required Documents

• Passport size photograph of loan applicant
• Trade license
• TIN certificate
• VAT certificate (if applicable)
• Electricity Bill
• Telephone Bill
• List and total price of fixed asset
• List of creditors
• List of debtors
• Names of employees, salary, post and monthly salary sheet
• Last 1-3 years bank statement
• One year sales report and profit & loss account of the business
• Completed CIB form
• Current customers/clients list
• Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
• Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
• Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
• Resolution signed by all the partners to open the A/C (for partnership firm)
• Other documents as per bank requirement  & nature of business