Testimonials

R J Groups, Aurangabad

Mr. Raghvendra Joshi
Managing Director

"I have seen SMEFundings as a dedicated team to their job, especially structuring the proposal. Once they accept the job they have skills to get it done. At the same time they are very particular about perfect documentation with the institute. They are also very selective in choosing the right plan so that there will not be any default in future repayment."

ALTAIR Gas Engineering Company, Mumbai

Sandeep A Jadhav
Partner

"I would like to thank SMEFundings and like to appreciate the efforts taken by them. During the Unlock Phase, we were facing shortage of funds as our payments were delayed from clients. After getting in touch with SMEFundings and sharing all documents, we found them very professional in understanding our business, projects we cater and our requirements. They fulfilled our requirements, by arranging Collateral free loans. Happy to get reliable financial partner for all future needs. Thanks"

Tamanna Group of Hotels, Pune

Mr Prabhakar Shetty
Managing Director

"We are happy, having assisted three times by SMEFundings Team, for procuring funding for our business expansion. The team understood our requirement and gave us better solution,than what we were looking for. The value addition in proposals & Speed of working are their plus points. We look forward to continue this association for our further needs."

Raisoni Group of Institutes, Nagpur

Mr Hitesh Sankalecha
--

"We appreciate SMEFundings Team for assisting us in procuring finance for various trusts. They are amongst the people, who understand the functioning of education institutions well, structure the proposal as required & arrange finance in time. We wish them good luck."

Envision Integrated Servicec Pvt Ltd Hyderabad

Mr Chandra
Director

"We availed Business loan through SME Fundings. I really appreciate your services with the good & quick response. And also the process went smoothly. It's always great to have a positive experience with SME Fundings team. Thanks"

Olive Tree Trading Pvt Ltd, Pune

Suku Shah
Chief Managing Director

"SMEfundings.com team understood our requirement well & found perfect lender for us. Their assistance in sanctioning & disbursing the proposal was beyond expectations. They offered us thoroughly professional service, helped us negotiating the best terms & also helped in finalisation & closing the deal. Thanks."

Rungta Group of Institutes, Bhilai,Chhattisgarh

Sonal Rungta
Director Finance

"Finance assistance from SMEfundings.com has helped us grow faster in education sector. We applied for loan in first week of March & got sanction & disbursement before March end. The ease of process, Structuring for loan & speed of working is fantastic"

Bharati Vidyapeeth,Pune

B B Kad
Finance Head

"You have arranged finance for us, in a quick time,when it was required. Documentation & Process was faster & easy. We are happy with it."

Secured & Unsecured Working Capital Loan for Business in India

(Loan Amount from Rs. 10 Lacs to Rs. 25 Crores)

A working capital loan is a loan availed by a business to cater everyday functioning of a business as well as to fill the short term gap between accounts receivable from customers & accounts payable to vendors. This gap or time period between payment receivable from customers & payment given to suppliers is called as working capital gap. Lower the gap, better is the financial health of the business. Working capital loans are also availed by business to cater seasonal variations in sales like picking up of sales in festival time.

Secured working capital loans:

These are high volume working capital loans and are backed by property collateral as well as stock of raw material and finished goods. It is given by banks in form of cash credit (CC Limit), overdraft (OD Limit) , term loans, line of credit etc. Short term Working capital demand loan (Wcdl) is also the form of this loan availed by business. Time required for sanction of such secured working capital loans are 15-25 working days.

Unsecured working capital loans

An unsecured working capital loan is a loan offered by banks and financial institutions based on the credit worthiness & repayment capacity of a borrower. No property collateral is taken as security for this loan . It is offered mostly in form of term loan with fixed EMI repayment per month. There are two basic criteria looked in to by a lender, while assessing unsecured WC loan proposals
- Repaying capacity of a borrower
- Intention of a borrower to repay.
Apart from these 2 main criteria, other criteria required for availing unsecured business loans are Business Stability of minimum 2 yrs, & Age of borrower or main promoter of business requires to be less than 70 at the end of loan tenure.

Documents Required for Working Capital Loans :

3 Years Audit report with financials
Last 12 months Bank Statements
Existing Loan Sanctions letters & Loan Statements
MOA/ AOA / Partnership Deed / MCA Registration
KYC of Firm & Directors / Partners
Property Documents (if required)

Apply for Secured & Unsecured Working Capital Loan from Private Banks