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Unsecured Working Capital Loan

Finance can be appealing for companies in need of working capital, but at times securing a loan is no easy feat. For a business to get a loan they usually need to pledge some kind of collateral or asset. Thus, an unsecured working capital becomes a very significant instrument. It is perhaps the most convenient type of loan to apply for, as they require little to no money down nor do you have to pledge any collateral.

Cash is considered the blood for business health. The better it circulates, the healthier the condition remains. However, the cash is working capital format. It is one of the prime requirements of every business. The reason is very simple – to justify the growing demand in the market. Be it any industry – manufacturing, service, or trading, all the industries required working capital. The working capital facility is given by the bankers, that major includes – OD, CC, BG, etc.

Collateral Requirement

Conventionally, all these instruments require collateral. Most of the time, the collateral is available to the manufacturing industry. But how the service and trading industry can justify their working capital requirement? Because the service and trading industry creates the intellectual properties of the fixed assets, of the like manufacturing industry.

What is business collateral? Read here.

We at Terkar Capital understand the promoter’s requirement for working capital and the financial institutions’ requirement for collateral. And so is the reason we have to find out the middle way where we can arrange the working capital – without collateral, that is unsecured working capital. Want to know more about this? Contact Terkar Capital.

Advantages of unsecured working capital loan

No collateral is required and a faster turnaround time.
Multiple debt instruments can be explored, specific to your business.
Positive impact on the turnover ratio and meets its business current obligations, also showcase how much working capital finance is required for the future.
It involves repayment on a short-term basis.
You will be charged only for the amount you used. No fixed obligation like a Term Loan.

Documents Required:

Like every other financial procedure, obtaining an unsecured working capital loan also involves documentation. This is extremely important. The documentation can act as a major factor in the success of obtaining this loan. The availability of documentation determines the duration of the procedure.

Here are some of the necessary documents which are essential for obtaining this unsecured working capital loan:

Identity documents – Aadhar card, PAN card, Driving license, Voter ID, Passport, etc
Address proofs – Ration card, electricity bill, lease agreement, trade license, passport, tax invoices, etc.
Financial documents - Bank statement, CIBIL, business’s bank statement, asset count, etc.

Why Terkar Capital?

Terkar Capital is one such financial firm, which provides easy and fast unsecured working capital loans in India. At Terkar Capital, high business financing facilities are sustained with the most modernized techniques. As far as finding working capital for your growing business goes, Terkar Capital has you covered!