A working capital loan assists businesses everyday funding as well as short-term operations. A working capital business loan can be utilized for the following purposes-
Procure raw materials
Pay for overhead costs like electricity, rent, salaries and other utilities
Finance blocked payments from debtors
Pay suppliers in advance
Maintain a healthy level of cash
It is very good for small and medium enterprises (SMEs) and is especially appropriate for seasonal or cyclical businesses that lack sustained or stable sales and require liquidity (cash in hand) to realize their everyday operating costs.
Such businesses produce during off-season and sell aggressively during the peak season. This means that they receive a large part of their payments during their peak season. They require funds during the off season to sustain operations. All such companies can opt for working capital loan for this purpose.
There might be several occasions when your business might require loan for working capital financing in small business:
Helps in managing sales fluctuations
Acts as a cash cushion
Readies your business to take up the bulk order
Stabilizes and boosts cash flow
Equips you to leverage business opportunities
To help in the growth of your, IndiakaLoan.com.com offers easy working capital loans can be easily repaid.
Hassle-Free Loans Approved Within 24 hours
Relaxed eligibility criteria and a speedy loan application process make it easy to opt for working capital finance. IndiakaLoan.com.com approves your working capital term loan application within a day.
Flexible Withdrawals and Repayments
IndiakaLoan.com flexi loan is the best way to handle your dynamic business working capital requirement. It allows you to borrow and pay interest only what and when required. It allows you to repay the loan when payment is received at no pre-payment charge. This way you can reduce your loan for working capital EMIs by up to 45%.
IndiakaLoan.com offers pre-approved offers on your working capital loan application. This simplifies the loan process as well as helps in saving time. All you need to do is to share a few basic details and check your pre-approved offer.
Track your working capital loan online
Know your entire loan-related info with a simple online account. This includes outstanding balance, principal and interest statements and more. You can also request for additional funds or make payments towards your working capital loan through this account.