Our Working capital finance facility
- Cash Credit (CC)
- Working Capital Term Loan facility (WCTL)
- Bill Discounting facilities (DBD/ SBD).
- Bills Discounting under LC
provide your business, the cash it needs to keep growing until you can cover all operating expenses out of revenue.
We helps you to meet your everyday operational fund requirements & immediate business obligations.
Funds are provided based on the underlying operational efficiency of the company/firm/unit & integrity.
Key Points :
- Personalized service and assistance by our Bank.
- Assessment on easy terms and special concession in interest rate for SSI units and SME sector advances.
- Working capital finance not to be used for buying long term assets or investments.
- Adequate Drawing power to be maintained.
- Overdraft facility is subjected to yearly renewal/ review.
- Priority sector advances are encouraged.
- Eligibility calculated as per Sales Turnover Method, Production/ Processing Cycle Method and Working capital gap method.
- Service Charges and Share money will be as applicable.
- Collateral security required as per Banks Prescribed norms.
- ROI for first year Click Here, from second year ROI as per credit grading. Grading ROI, Click here.
- Brief history and profile of Company and its promoters
- Bank Statements for last 12 months of all existing loan /OD accounts
- Audited Financials for last three financial years.
- Sanction Letter of an existing bank limit (if any).
- Any other documents as required by the bank at a later stage
For more details, write into us at mkt[at]abhyudayabank[dot]net
, and Abhyudaya Co-op Bank will get back to you.