Working Capital ( OD,CC,LC,BG)

A working capital loan is a type of advance that helps a business fund its day-to-day or short-term operations. A working capital business loan can be used for various purposes. Usually, working capital finance is not used for long term investments but it can be used to cover the daily expenses of a business. A working capital loan is a perfect financial solution for companies with high seasonality or cyclical sales as they can use the required funds during the period when the business activities are less.

Documents required for Working Capital

Availing a working capital loan from Pristine Finserv is easy and hassle-free. You only need to submit the following documents to complete your application:

  • KYC document
  • Company finance for 3 years
  • Business vintage of 3 years
  • Business proof: Certificate of practice
  • Bank Account statement of last month

What is Working Capital Loan?

A working capital loan is a type of advance that helps a business fund its day-to-day or short-term operations. A working capital business loan can be used for various purposes.

Usually, working capital finance is not used for long term investments but it can be used to cover the daily expenses of a business. A working capital loan is a perfect financial solution for companies with high seasonality or cyclical sales as they can use the required funds during the period when the business activities are less.

Uses Of Working Capital Loan?

  • Procure raw materials
  • Purchase inventory
  • Pay for overhead costs like electricity, rent, salaries and other utilities
  • Finance blocked payments from debtors
  • Pay suppliers in advance
  • Maintain a healthy level of cash

When do you need a working capital loan?

There can be several times when your business can need small business working capital financing.
This mode of finance:

  • Helps you manage sales fluctuations
  • Acts as a cash cushion (Deter)
  • Prepares your business to take up a bulk order
  • Stabilises and boosts cash flow
  • Equips you to leverage business opportunities

Let's find best Working Capital offer for you

You are just a step away from the best working capital offer near you. PristineFinserve representative will contact with the best cash loan offer asyou share your contact name email and mobile number.

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    FAQs

    It is depending on the business payment cycle of respective business( Deep financial analysis will be done for calculation).

    We at Pristine Finservs are specialised to get you best commercials as per your company profile. Usually rate starts from 6% and increase onwards.

    To avail a fast working capital loan for a new business in India, you need to meet these simple eligibility criteria:

    • Age between 24 to 70 years.
    • A minimum of 3 years of business vintage with good upward turnover financials.
    • Healthy Banking with below 3% inward cheque bouncing.
    • *Rest eligibility depends on profile, business and banking financials