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Working Capital & MSME Loan Finance In Chennai @ KFIS...!!!
Working Capital Finance
Working Capitals which means running capital requires for day-to-day business expenses. The daily business expenses are most important in the development of a business. Now working capital can be supported by all nationalized and private banks which are in the form of Fund based and Non fund based.
The working capitals funds are the funds utilized for development of infrastructure of manufacturing set, plants and machineries, Equipments, Commercial Vehicles and Running Capital.
MSME Working Capital
MSME And Medium & Large corporates are eligible to take working capital loans. The Working capital finance can be availed of more than 100% of security value.
The working capitals process is simple and reliable by basing sales volume.
Fund based working capital OD/CC
Fund based Term Loan
Non Fund based such as LC BG
Eligibility criteria For MSME Working Capital
MSME And Medium & Large corporates are eligible to take working capital loans. The Working capital finance can be availed of more than 100% of security value.
All SME and Medium & Large corporates
All Proprietorship companies
All Partnership companies
Private Limited companies
One person Companies
LLP & Limited companies
Eligibility criteria For MSME Companies
The company must me an MSME registered company
The company sales turnover must be filed under GST
The firm should be stable for at least 12 months
MSME Loan For Working Capital
MSME Working Capital loan can be used for a variety of purposes, such as:
Fund based Working Capital: It is provided as a liquidity money Overdraft limit, Cash Credit facility or a Working Capital Term Loan. This is a fund that is used to day-to-day operations, such as buying inventory, Paying administrative expenses and covering other expenses.
Fund based Growth capital: Its is also known as Term Loan., This is a capital fund that is used to enhance business, such as buying new equipment, new outlets, or developing new products
Non Fund based: the non fund based working capital such as Bank guarantee, Letter of credit, Packing credit, Discount by invoice which is mostly utilized for bulk purchase of inventories and goods. Also for Imports and exports sales.
Debt Switch: This is to take the MSME debts from existing bank to new bank and adding additional funds for enhancements
Security: The funds can be borrowed upto 100% from the security value provide by the borrower
