Term Loans will be credits offered to organizations for their development, capital consumption and for settled resources.
Working Capital Loan Services in Purnia, Bihar
We at Avyud Consultancy provide Professional Working Capital Loan Services that offered additional capital for firms to expand, upgrade and diversify their operations. After setting up all the structures, companies need to optimize their day-to-day operations. They should have adequate cash to meet their daily expenses and payment of liabilities. Poor cash management can lead to a company’s failure to meet its normal operational obligations. We have helped companies in many industries overcome those obstacles and reduce the cash conversion cycle markedly and sustainably.
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Benefits of Working Capital Loans
Working capital is one of the most important elements required for the smooth running of the business. It is the capital of the business that is used to finance day-to-day operations. These loans have the following benefits:
- Small business owners can obtain working capital loans to finance the day-to-day operations of their business without requiring any collateral.
- They can help business owners maintain a healthy cash flow and meet a company’s everyday operating needs, such as paying wages, product expansion, rent, purchasing inventory, and myriad other expenses.
- These loans can help business owners expand and improve their businesses, as well as take advantage of new business opportunities by providing funds for necessities such as timely purchase of raw materials.
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Eligibility Criteria for Working Capital Loan
The eligibility criteria vary from lender to lender. However, some of the basic requirements to be eligible for a working capital loan are listed below.
- Applicant’s minimum age requirement is 25 years
- Business vintage of at least 3 years
- Latest Income Tax Return Information
- Businesses should not be blacklisted
- Your place of business should not be on the negative location list
- Trusts, small businesses, and NGOs are not eligible
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FAQs for Working Capital Loan Services
What is Working Capital Loan?
Working capital loan can be defined as the loan taken by the firms/borrowers to cover their daily operating expenses.
Working Capital Formula = Current Assets – Current Liabilities
Working capital is the difference between a firm’s current assets and current liabilities.
Which Companies are Eligible?
You can get working capital finance as long as you are engaged in manufacturing, service or trading and belong to any of the following segments:
- Sole proprietorship firm
- Partnership firm
- Private Limited company
- Public limited company
What is The Tenure in Working Capital Loan?
Working capital finance is a short-term loan. It is mainly used for managing the operating expenses of a business. Generally, loans are offered for a period of 12 months. So, the criteria depends on the lender. as well as the need of the borrower.
What is The Interest Rate for Loan Facility?
We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on your business profile, past track record, financial record, assessment of loan amount required and loan tenure.
How Soon Can I Get The Funds?
You can get your working capital loan in a short period of 3-7 days after submitting the required documents.
Who Orovides a Working Capital Finance Facility?
Banks, NBFCs and financial institutions provide the facility of working capital. Eligibility, repayment terms and documents vary as per the respective lenders. We help bridge the gap between eligible borrowers and competent lenders.
Our Loan Services in Purnea, Bihar
MUDRA is an establishment set up by the Government for improvement and renegotiating exercises identifying with miniaturized scale units.
Term loan for new business for buying plant and machinery, furnishing offices etc. Avyud Consultancy can help you obtain Loan facilities for your New business.
Avyud Consultancy is the largest business services platform in India, offering a variety of services like collateral free loan syndication,
