Working Capital Loans
Working capital loans are provided for stocking inventory and/or providing credit to maintain a healthy working capital cycle of a business. Working capital loans can be divided into two major categories, fund based and non-fund based. Fund based credit facilities such as cash credit facilities can be used by a business like cash for purchasing or stocking inventory and other items needed for operating the business. Non-fund based limits on the other hand are guarantees given by the bank based on the credit-worthiness of the borrower. Non-fund based limits such as Letter of Credit allows the borrower to purchase or stock inventory on credit terms from the supplier.
Adroit Corporation can help your business apply and obtain sanction of working capital loans from banks. Working capital loans can be availed for new as well as existing businesses. Once we obtain an understanding or your business or proposed business, our Financial Experts will then advice you suitably on the proposed quantum of working capital loan, type of facilities and schemes available. Adroit Corporation can also help you prepare a project report, apply to banks and obtain sanction of working capital loans for your business.