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Get Working Capital Loan at Ease!

Grow your business without financial limitations. Our working capital loan provides the funds you need.

  • Competitive Interest Rates
  • Quick Approval
  • Flexible Payment Terms

Up to 15 Cr

From 14 Pa*

Tenure upto 60 Months

Working Capital Loan in Mumbai

Mumbai’s vibrant corporate environment flourishes due to the collective power of diverse businesses. However, ensuring a smooth cash flow is crucial for their success. This is where working capital loans step in for Mumbai businesses. Designed specifically for small and medium-sized businesses, these loans bridge the gap between a company’s current assets and liabilities. They provide vital funding for short-term operational needs like Facilitating growth, Purchasing raw materials, and Meeting daily business costs like salaries, rent, and utilities.

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)

Eligibility to Avail Working Capital Loan in Mumbai

  • The owner/shareholder must be between 21 and 65 years old.
  • A proven business record and consistent cash flow enhance loan qualification.
  • Credit score, financial stability, and repayment history are crucial factors.
  • No history of loan defaults with any financial institution.

Documents for Working Capital Loan in Mumbai

To obtain a working capital loan in Mumbai, it is crucial to have the following essential documents:
 

Owner KYC Documents

  • Adhar Card (complete page)
  • Pan Card
  • Latest Electricity Bill
  • Current Rent Agreement
  • Passport Size Photo
Id document

Business KYC Documents (as applicable)

  • GST Certificate
  • MOA, AOA, Pan Card,
  • Shop act / Trade License
  • Certificate of incorporation
  • Shareholding Pattern
  • Partnership Deed
  • Current electricity bill and
  • Rent Agreement
address document

Banking Documents

  • All account Bank statements (For the last 12 months)
  • All current loan sanction letters
financial document

Financial Documents

  • Last 2 years’ complete Financials
  • GST Returns (for last 12 months)

Advantages of Working Capital Loan

  • Interest is only charged on the amount of money used.
  • No fixed repayment obligations like term loans.
  • Choose from multiple working capital debt instruments, allowing you to find the best fit for your needs.
  • Raise funds through working capital with or without collateral.
  • Various funding sources can provide exposure without requiring property as collateral, provided you have a good credit rating.
  • Access industry-specific debt instruments tailored to your business’s growth.

Working Capital Financing Instruments

1. Term Loan

Working capital loans provide short-term financing for day-to-day operations, not long-term assets or investments.

2. Overdraft Facility

An overdraft facility is a loan from your bank that allows you to spend more than you have in your account. There is a limit, and you may be charged fees if you go over it.

3. Bill Discounting

A seller can get paid early by discounting a bill, which means selling it at a discount. Reasons for discounting include working capital needs or paying dues.

4. Cash Credit (CC)

cash credit facility enables customers to use the amount specified by the lender and pay interest only on the used amount. The amount cannot exceed the sanctioned amount. 

5. Factoring

Factoring is a financial instrument that allows a company to sell its unpaid invoices to a third party (factor) at a discount. This provides the company with instant cash and helps to manage working capital.

6. LC Discounting

LC is a guarantee given by the bank to pay the seller for the buyer’s obligation, in case a buyer fails to make the payment. LC discounting takes away the risk and gives assurance to the seller of the funds.

7. Bank Guarantee

A Bank Guarantee is issued by the lender to the debtor to cover its liability in case of default. In case of the failure of payment by the debtor, the bank will pay on his behalf.

Learn the Strategies to Master Working Capital Management for Business Success

Avail Working Capital Loan at Terkar Capital, Mumbai

We at Terkar Capital facilitate Working Capital loans for businesses in Mumbai. We are well known for simplifying access to operating funds and tailoring the application processes to distinctive requirements. This proactive method not only ensures smooth daily operations but also strategically positions businesses in Mumbai for growth and expansion.

Our dedicated team ensures that you receive professional guidance in selecting the most suitable working capital product, along with swift processing and competitive interest rates.

How we execute Working Capital Loan in Mumbai?

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What our clients think about us?

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.

Terkar Capital

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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

Growing Nationwide…

Operational Presence

Delhi | Bengaluru | Chennai | Kolkata | Ahmedabad | Surat

© Terkar Capital 2024

CIN – U70200PN2023PTC224016