There are several reasons when a business can need a working loan:
- In sales fluctuations
- For boosting and stabiliseing cash flow
- To take up a bulk order
- To leverage big business opportunities and
- To acts as a cash cushion
Documents required to get the working capital Loan:
- KYC Proof of the applicantion
- Passport
- Aadhar Card
- Driving License
- Voter ID Card
- PAN Card of the Entity/Company/Organisation
- Address proof of the Application
- Passport
- Adhar Card
- Driving License
- Voter ID Card
- Last 6 months Bank Statement
- Income Tax Return along with the Income Statement. Profit & Loss and Balance Sheet for the last two years. (All Certified by CA Only)
- Proof of Uninterrupted Progress (Establishment/Trade/ITR/Sales Tax)
- Other Relevant Documents (Partnership Deed, Original Board Resolution, Memorandum (Certified Copy)
