Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.
A working capital loan is a type of funding that takes care of a company’s expenses for everyday operations. The company may use the loan amount to provide for short-term operational requirements rather than long-term investments or assets. Usually, individuals and enterprises apply for a working capital loan India to cover costs such as payment for staff, upgrade technology, leverage opportunities, procure raw material, pay an advance to suppliers, debt payment, purchase inventory, maintain cash flow, pay utility bills, rental payment, etc.
At SMFG India Credit, you can apply for business capital loans online. Through a committed team, we do our best to ensure a pleasant experience throughout your borrowing journey.
Listed below are the key benefits and features of taking a working capital loan in India:
Here are SMFG India Credit’s working capital loan eligibility norms for enterprises and individuals:
We also offer collateral free loans upto INR 75 Lakhs*. To know the details, please click here. For amounts greater than INR 75 Lakhs*, we offer business loans secured against property. Please visit our Loan against Property for SME page for more details.
Please contact us to know more.
Business capital loans are suitable for SMEs (small and medium enterprises) or businesses that are cyclical or seasonal. As seasonal businesses make the most during peak season, they need financing during the off-season to prepare to sell aggressively at the right time. It is only during the peak season they receive payments. Throughout the entire year otherwise, they need cash flow to sustain everyday operations, for which they can opt for business capital loans.
Below-given is a list of required documents for the SMFG India Credit unsecured small business loan application:
You can apply for working capital loans on the official website of SMFG India Credit. Alternately, you can drop by at our nearest branch office to understand the loan schemes and apply for a suitable financial product.
The benefits of applying for a working capital loan India are:
An individual applicant must be a minimum of 22 years at the time of loan application and less than 65 years at the time of the maturity of a working capital loan.
* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.