Benefits of Working Capital Loan by Ziploan
Here are the benefits of availing of working capital loans for small and medium businesses.
- Can manage sales fluctuations
- Can used to deliver bulk order
- Can use buy raw material
- Can used to buy new machinery
- Maintain and boost cash flow
- Help grab new business opportunities
To skyrocket your business, Ziploan offers easy working capital loans for small businesses up to 7.5 lakh at a competitive interest rate.
Working Capital Loan Eligibility Criteria
Our working capital loan eligibility criteria are simple to let more and more business individuals avail of the MSME loan amount.
- An established MSME with a proven business vintage of more than two years.
- Minimum annual turnover of Rs. 10 lakhs in the previous year.
- The business must not have any default history.
- The income tax filed during the last year should be more than Rs. 1.5 lakhs.
- The borrower should own either house or a business place.
Documents Required for a Working Capital Loan
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|ITR of the previous two years||✓||✓||✓|
Working Capital Loan Fees & Interest Rates
The interest on working capital loan rates is competitive:
|Customized Interest Rates||Yes|
|Loan Tenure||up to 36 months|
|Pre-closure charges||Nil** after paying the first 6 EMIs|
|Eligibility Criteria||Annual turnover more than Rs.10 lakh|
|Loan Amount||₹ 1 Lakh – ₹ 7.5 Lakh|
What is the Working Capital Formula?
The small business working capital formula is:
Working Capital = Current Assets – Current Liabilities
The working capital formula tells us the short-term liquid assets available after short-term liabilities have been paid off.
How to Apply for Working Capital Loan
Here are three steps process to working capital loan apply online from ZipLoan:
- Submit Application - Simply enter your personal, business, and financial info to receive a working capital loan offer.
- Upload Documents - Upload digital copies of your documents in a single-step process for verification.
- Get Sanctioned - Receive your working capital loans approval and disbursal within 3 working days*.