Working Capital Loan is a credit facility offered to startups, business owners, self-employed professionals, MSMEs, and other business entities to manage their day-to-day business operations and enhance business cash flow.

Business loan fulfills your urgent requirement of working capital in business.

Types of Working Capital Loan:

Short-term loans: Unlike an overdraft facility, a short-term loan comes with a fixed interest rate and payment period. It is not a line of credit but a full-fledged loan. It is critical to pay back the loan with interest on time.

Overdraft:Overdraft is availed by most businesses wherein; the purchaser avails a specific amount for utilizing it to pay for operating payments. The rates of interest and line of credit depend on a firm’s relationship with the lending authority.