Working Capital Loan
What is a working capital loan ?
A working capital loan is a loan availed to fund the daily operations of a business including regular bills that need to be paid, cash flow requirements, employee salaries, and other everyday costs. A working capital loan makes short-term cash available to fulfil a business's short-term operational needs. The businesses with high seasonality or cyclical sales cycles rely on working capital loans to help them with periods of reduced business activity.
Many times the business does not have adequate liquid funds to cover the operational expenses. Working capital loans are corporate debt borrowings used to finance the day-to-day expenses.
For instance, many manufacturing units struggle during the fourth quarter to pay for their operational expenses as this is the lean business period and there is a shortage of short-term cash flows. A working capital loan comes in handy during such situations.
Eligibility & Documents Required
When applying for a working capital loan, make sure you meet the business loan eligibility requirements below:
Also, make sure that you have all the relevant supporting documents listed below before you apply.
Fees and Charges
The interest rate to be charged on working capital financing varies from case to case depending on the facilities offered, the financial position of the borrower, etc. Exact details can be provided by your relationship officers.
How to Apply for a Working Capital Loan?
You can apply for our working capital loans in 3 easy steps:
Once we receive a completed form and the relevant documents, our working capital loans are usually disbursed in 3 days.
Why Tata Capital ?
If you're looking for easy, hassle-free working capital loans that offer you complete transparency and convenient repayment options, opt for Tata Capital equipment loans. We provide multiple benefits to our customers such as:
Q: What is the maximum working capital loan you are eligible for?
A: We offer working capital finance by way of WCTL or WCDL, after carefully assessing your business needs and risk profile.
Q: How much EMI do I need to pay?
A: You can use our EMI calculator to calculate the EMI you want to pay based on your convenience.
Q: What documents do I need to apply for the loan?
A: Here is a list of the relevant supporting documents you need to apply for a working capital loan.