Get an Instant Working Capital Loan from Saarebank
Working capital loan is a type of funding that takes care of a company’s costs for daily day-night operations. You may use the loan amount to provide for short-term operational necessities rather than long-term investments.
Small and medium enterprises apply for a working capital loan in Delhi to cover expenses such as payment for employment, upgrade the latest technology, leverage opportunities, procure raw material, pay advance to suppliers, etcetera.
At Saarebank, you can apply for working capital loans ( Apply Now ). Through a dedicated team, we do
our best to make sure an acceptable experience throughout your borrowing journey.
Uses of Working Capital Loan
● Procure raw materials
● Purchase inventory
● 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
Working Capital Loan Eligibility Criteria
Here are Saarebank’s working capital loan eligibility norms for small and medium enterprises:
Applicants eligible
Proprietors Firm
Private Limited Companies
Self-employed Individuals
The company must have a turnover of at least Rs. 10 lakhs
Partnerships Firms Working
The enterprise must show a record of profits for the last 2years
The enterprise must have a minimum annual income (ITR) of Rs. 2 lakhs every year
Documents Required for Working Capital Loan
Below given is a list of required documents for the Saarebank small and medium business loan application:
PAN Card and a copy of valid identity proof is required for an
applicant who is an individual, proprietorship firm, or company
Address proofs: Ration card, voter ID card, driving license, or Passport
Income documents: Include updated Income Tax Return
with computation of income, profit and loss account, & balance sheet of the last 2 years.
Bank statements of the last 6 months
Proof of Business: include Sales Tax Certificate, ITR, Establishment or Trade license
Working Capital Loan FAQs
Working capital = Current Assets - current liabilities.
Current assets owned by the company include inventory, cash in hand, advance payments, etc. Current liabilities may include short-term debts, unpaid expenditures, outstanding payments to creditors, etc.
Saarebank offers an instant working capital loan up to Rs.45 lakh that comes with quick approval in just 24 hours*. With easy-to-meet eligibility criteria and minimal paperwork, this business capital funding solution offers various attractive benefits such as collateral-free credit, Flexi facility and doorstep document collection facility.
● Age between 24 to 70 years*
● (*Age should be 70 years at loan maturity.)
● A minimum of 3 years of business vintage
The process to apply for the loan is simple:
The process to apply for capital finance is simple.
● Fill up the online application form of working capital loan to apply.
● Submit all the relevant documents to complete the process.
