Working Capital Loan for Auto Component Industry

The auto component industry is crucial to the automobile sector, ensuring smooth vehicle production with high-quality parts. However, managing cash flow can be difficult due to fluctuating raw material costs, large orders, and late payments. As a result, a working capital loan can help bridge this gap, ensuring businesses can meet operational expenses, purchase raw materials, and maintain a steady supply chain without financial stress.

Auto components industry financing solutions

Key Features of Working Capital Loan

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Secured working capital up to 50 Cr

interest rate

Competitive Interest Rates

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Increases cash flow and sales

Simple paperwork

Quick processing with minimal documentation

flexible repayment

Flexible Loan repayment (up to 60 Months)

(*T&C Applied)

Working Capital Advantages for Auto Component Industry

A working capital loan provides financial flexibility, allowing auto component manufacturers to focus on production without cash flow constraints.

  1. Immediate access to funds for purchasing raw materials and inventory.
  2. Covers operational expenses, including salaries, rent, and utilities.
  3. Supports bulk production to fulfill large orders on time.
  4. Enables businesses to negotiate better deals with suppliers by making upfront payments.
  5. Helps maintain a steady cash flow despite delayed payments from buyers.
  6. No need to liquidate assets for working capital needs.
  7. Customizable loan repayment options based on business cash flow.
  8. Quick approval process for faster access to capital.

Let’s Schedule a Call to Arrange Funding for your Auto Component Industry!

Working Capital Loan Eligibility

Auto component businesses of all sizes can qualify for a working capital loan, provided they meet basic financial and operational criteria.

  1. The company should be a registered business in the auto component sector.
  2. A stable financial record and positive turnover history.
  3. Minimum operational tenure of 2-3 years in the industry.
  4. Bank statements reflecting healthy cash flow.
  5. Good credit history
  6. Proof of steady order flow from automobile manufacturers.
  7. Collateral-free options available for eligible businesses.
  8. Flexible loan terms based on business requirements.

Documents Required for a Working Capital Loan

To ensure a hassle-free loan process, keep these documents ready:

  1. KYC documents
  2. Business Documents
  3. Bank statements 
  4. Income tax returns (ITR)
  5. Financial statements 

The financial institution may ask for additional documents while processing your application

Auto Component Industry Working Capital Loan at Terkar Capital

At Terkar Capital, we understand the funding challenges of auto component manufacturers and offer tailored working capital loan solutions. Therefore, whether you need to manage seasonal demand, procure raw materials in bulk, or streamline daily operations, we provide flexible financial solutions designed to fuel your growth.

Furthermore, our expertise in the financial sector ensures quick approvals, competitive interest rates, and loan structures aligned with your business needs. As a result, we work closely with manufacturers, suppliers, and distributors to provide hassle-free financing, ensuring uninterrupted production and supply chain efficiency.

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Working Capital FAQs for Auto Component Industry

Approval timelines vary, but we aim for quick processing, usually within a few working days.

Repayment terms are flexible and customized based on your business cash flow, ranging from short-term to long-term options.

Yes, if the startup has a stable financial record and meets basic eligibility criteria.

Yes, based on your repayment track record and financial stability, we offer top-up loans to support your growing needs.

The loan amount depends on your financial health, business turnover, and funding requirements.

Financing the Auto Component Industries in

Pune / PCMC  |  Mumbai  |  Hyderabad  |  Delhi  |  Bengaluru  |  Chennai  |  Kolkata

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Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.

Head Office

Castle Eleganza, 103, Bhonde Colony, Dr.Ketkar Road, Erandwane, Pune – 411004, MH-India

Yes@terkarcapital.com

+91 8308629820

Corporate Office

The Capital, Level 7, B-Wing, Plot C – 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Mumbai@terkarcapital.com

+91 7414973455

Branch Offices

Nashik | Nagpur | Chhatrapati Sambhaji Nagar | Hyderabad

Operational Presence

Delhi | Bengaluru | Chennai | Kolkata | Ahmedabad | Surat

Growing Nationwide…

Terkar Capital

In Association with:

MSME Global Mart | MCCIA

© Terkar Capital 2024

CIN – U70200PN2023PTC224016

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