Working Capital Loan (CCOD)
A working capital loan is a loan that is taken to finance a company's everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company's short-term operational needs. Those needs can include costs such as payroll, rent and debt payments. In this way, working capital loans are simply corporate debt borrowings that are used by a company to finance its daily operations.
Who can Apply for for Working Capital Loan ?
- Proprietorship Firms
- Partnership Firms
- Private Limited Companies
Interest Rate
Interest Rate for Working Capital Loan ranges from 9% to 14%.
Documents Required for Working Capital Loan (CCOD)
- Passport Size Photo
- Pan Card
- Aadhar Card
- Address Proof of Business
- Government Reg. Business Proof (GST Certificate/Incorporation Certificate)
- 3 Year Income Tax Return with Balance sheet and Profit loss statement
- Bank Statement (Last 1 Year)
- CMA Report
Apply For Working Capital Loan