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Working Capital Loan for Businesses in Nashik

Nashik, a city steeped in cultural legacy, holds a prominent position as a significant hub for varied businesses. However, maintaining a healthy cash flow is essential for these businesses to flourish. This is where working capital loans come in to support Nashik’s businesses. Specifically designed for small and medium-sized enterprises, these loans act as a bridge between a company’s current assets and liabilities. They provide crucial funding for short-term operational needs such as – Facilitating business growth, Purchasing raw materials, and Covering day-to-day business expenses.

Key Features of Working Capital Financing

Funding amounts from Rs 25 Lacs to Rs 15 Cr

interest rate

Reasonable Interest Rates

Increases cash flow and sales

smooth processing icon

Fast processing with little documentation

Simple terms and less paperwork

Eligibility to Avail Working Capital Loan in Nashik

  • 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 Required for Working Capital Loan in Nashik

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

Identity Documents

  • Aadhar card
  • PAN card
  • Driving license 
  • Voter ID
  • Passport, etc.
address document

Address Proofs

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

Financial Documents

  •  Bank Statements
  • CIBIL
  • Business Bank statements
  • Asset Counts, etc.

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 are designed to furnish short-term financing to support day-to-day operational needs, as opposed to long-term asset acquisition.

2. Overdraft Facility

An overdraft is a bank loan that lets you spend more than your account balance. It has a limit and may incur fees if exceeded.

3. Bill Discounting

Sellers can receive early payment by discounting a bill or selling it at a reduced price. This is often done to meet working capital needs or pay dues.

4. Cash Credit (CC)

A cash credit facility lets customers utilize the sanctioned amount and pay interest only on the amount used.

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 acts as a debt instrument, issued by a lender to cover unpaid debts in case of a debtor’s default. The bank steps in to make the payment on behalf of the debtor, ensuring the outstanding liabilities are met.

Apply for a Working Capital Loan with Terkar Capital, Nashik

We at Terkar Capital understand the importance of working capital for businesses in Nashik. We are known for making it easier to access funds for day-to-day operations and customizing loan applications to your specific needs. This proactive approach ensures not only smooth business operations but also positions your Nashik business for strategic growth and expansion.

Our dedicated team is here to provide professional guidance in choosing the most suitable working capital solution for you, with fast processing and competitive interest rates.

How do we Execute?

At Terkar Capital, obtaining working capital loans in Nashik is a streamlined process. Here’s a step-by-step guide to ensure a smooth loan application experience:
 
business loan execution process

Get your Free CIBIL Score & Report instantly.

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.

Please fill in the detail

Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, is 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

In Association with:

Head Office

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

Corporate Office

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

Branch Offices

Nashik | Nagpur | Chhatrapati Sambhaji Nagar

Operational Presence

Delhi | Bengaluru | Chennai | Hyderabad | Kolkata | Ahmedabad | Surat 

© Terkar Capital 2024

CIN No: U70200PN2023PTC224016

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