A Working Capital Loan is a loan to help businesses fund their day-to-day or short-term operations. A working capital business loan can be used for the following purposes-
- 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
This form of financing is a good source of capital for small and medium enterprises (SMEs) and is especially suitable for seasonal or cyclical businesses that don’t have sustained or stable sales all year round and need liquidity (cash in hand) to meet their everyday operating costs.
Seasonal businesses manufacture during the off-season to be able to sell aggressively during the peak season. As a result, they receive a chunk of payments only during the peak season, while through the rest of the year, they need funds to sustain operations you can use a working capital loan.
There can be several times when your business can need small business working capital financing:
- Helps you manage sales fluctuations
- Acts as a cash cushion
- Prepares your business to take up a bulk order
- Stabilises and boosts cash flow
- Equips you to leverage business opportunities
To help you fuel your business’ growth, Bajaj Finserv offers easy Working Capital Loans up to Rs.30 lakh at an interest rate starting from 18% that can be conveniently repaid across a tenor of 12 to 60 months.
Working Capital finance up to Rs.30 lakh can be availed without providing any security to help you continue running your business without any financial roadblocks. These loans thus keep your assets safe.
Easy-to-meet eligibility criteria and a quick loan application process make it easy to avail working capital finance. Bajaj Finserv approves your working capital loan application in 24 hours and you only have to submit 2 documents to avail the finance.
A unique offering from Bajaj Finserv, Flexi Loans are the smartest way to manage your dynamic business’ working capital needs. With this facility, you can borrow and pay interest only what you need. Here, you can repay the loan as you receive payments at no prepayment charge. This facility helps you lower your working capital loan EMIs by up to 45%.
Bajaj Finserv brings you pre-approved offers on your working capital loan application, which not only simplifies the loan process but also helps you save on time. Just share a few basic details and check your pre-approved offer.
Know all your loan-related information with an easy-to-use online account. Through Experia, Bajaj Finserv’s customer portal, you can see all the details pertaining to your working capital loan at a glance. This includes principal and interest statements, outstanding balance and more. You can also request additional funds or make payments towards your working capital loan through this account.
Bajaj Finserv offers Working Capital Finance at simple eligibility criteria and minimal documentation. Click here to know more.
Charges for Bajaj Finserv Working Capital Loans are nominal. To check the complete fees associated on your loan, click here.
You can apply for a Working Capital Loan online by filling out a quick application form.
Avail customized loans
Up to Rs. 30 lakh | Minimal documentation
Manage operational expenses
Up to Rs. 30 lakh | Flexible tenor options
Hassle-free finance for your enterprise
Up to Rs. 30 lakh | Approval in 24 hours
Funds to upgrade machinery
Up to Rs. 30 lakh | Pay only interest as EMI