Unsecured Working Capital Loan

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Unsecured Working Capital Loan is a powerful instrument for businesses in need of funds. It is easy to apply for and does not require collateral. It is perhaps the most convenient type of loan to apply for, requiring minimal or no upfront money, and eliminating the necessity to pledge any collateral.

A working capital loan is a pivotal component of a business. Be it small/medium or large scale, that is striving to succeed. However, sometimes procuring a debt is difficult without pledging an asset or collateral. That’s where an unsecured working capital loan comes to your rescue – a powerful tool to support your business growth without the need for collateral.

Key Features to avail of Unsecured Working Capital Loan

Eligibility to Avail Unsecured Working Capital Loan

The age of the owner/shareholder must be between 21 and 65 years old.
Business Vintage – 3 years of business existence required. (Criteria may vary per institution).
Credit score, stability, and repayment history are significant factors.
There should be no previous loan defaults with any financial institution.
This facility can be arranged for all financial institutions except HUF.

Advantages of Unsecured Working Capital Loan

Collateral is not required, which leads to a much faster turnaround time.
Multiple debt instruments can be explored, specific to your business.
Improve turnover ratio and current obligations by optimizing working capital finance requirement
Flexible repayment terms of 3 to 5 years based on the borrower’s creditworthiness.
You will be charged only for the amount you used. No fixed obligation like a Term Loan.

Learn, How Unsecured Funding for Business Can Help Your Business Succeed.

Documents Required to get Unsecured Working Capital Loan

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

Aadhar card
PAN card
Driving license
Voter ID
Passport, etc.

Ration Card
Electricity Bill
Lease Agreement
Trade License
Passport
Tax Invoices, etc.

Bank Statements
CIBIL
Business Bank statements
Asset Counts, etc.

Unlocking Working Capital Loan without Collateral

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 fixed assets, like the manufacturing industry.

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 loan without collateral. Here’s the Purpose why you should opt for an Unsecured Working Capital Loan:

Take advantage of a large order or market opportunity
Pay salaries and wages
Pay vendors and suppliers
Purchase business consumables
Stabilize a company’s cash flow

Why choose an Unsecured Working Capital Loan?

Cash is considered the blood of business. The more cash that flows through the business, the healthier it is. However, cash is in working capital, which is the money that a business needs to operate on a day-to-day basis.

Cash flow is the prime requirement 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 industries require working capital. The bankers provide an unsecured working capital facility, which primarily includes: OD Facility, Dropline OD, Cash Credit, BG facility, etc.

Apply for Unsecured Working Capital Loan with Terkar Capital

Terkar Capital is a leading financial firm in India that specializes in facilitating efficient and expeditious unsecured working capital loans. Our firm is committed to offering cutting-edge business financing solutions. When it comes to securing working capital for your expanding company, Terkar Capital is the ultimate go-to source. We understand the challenges faced by businesses and ensure a seamless experience in obtaining an unsecured working capital loan.

Here’s some valuable information on unsecured debts that may prove insightful.

How do we Execute?

Here’s the execution process to avail of unsecured working capital loans smoothly at Terkar Capital.

What sets us apart?

1. Fast Turnaround Time

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Confidentiality

We comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

We find you the right lenders with similar terms and the lowest rate of interest.

4. Hassle-free Processing

We create a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

We are building our reputation through reliability, integrity, and honesty. We connect to our clients on personal grounds that include transparency and liability.