To ensure regular production, a business needs a steady supply of raw materials, pay for utilities, and keep provision for incidental expenses. Businesses often do not have enough cash in hand or liquidity to meet these requirements. 1 Click Capital’s Working Capital Loan is a type of financing that provides businesses with the necessary funds to cover their day-to-day operational expenses, such as inventory purchase, rent, utilities, and other short-term obligations, thus helping businesses to maintain smooth operations of ongoing business activities.
The loan is provided against confirmed business without any requirement for collateral.
The processing is fast, and the loan is approved and sanctioned within 36-72 hours.
The business can choose any repayment options, which can be daily, weekly, bi-weekly, fortnightly, monthly, or one-time full payment.
Working capital loans allow you to raise money without diluting your company’s ownership.
You can utilize your funds 24*7 and with round the clock support from our end.
We need Company Pan Card Proof, 1 Year Bank Statement, Latest 6 Months PF Challan and Payroll Summary, and GSTR-3B Certificate to complete the paperwork procedure.
Application approval happens in less than 48 hours
Once you’re approved, simply log in and get instant access to your funds. Our app and website gets you to the end quickly and smoothly.
Working Capital Loan is a type of financing that provides businesses with the necessary funds to cover their day-to-day operational expenses.
Businesses may require a Working Capital Loan to address short-term financial needs, especially during periods of fluctuating cash flow or when awaiting payment from clients. It provides the necessary funds to sustain day-to-day operations.
Unlike long-term loans used for capital investments, Working Capital Loans are intended for short-term needs. They are specifically tailored to cover operational expenses and are repaid over a shorter time frame.
A Working Capital Loan can cover a range of operational expenses, including rent, salaries, utility bills, inventory purchases, and other day-to-day costs crucial for business continuity.
The loan amount is often based on a business's operational needs and can be influenced by factors such as revenue, creditworthiness, and business history. Interest rates can vary and may be influenced by market conditions and the borrower's credit profile.