Which Kind Of Business Can Qualify For Working Capital Loans?

While there are multiple means of the disbursal of working capital loans, the basic eligibility criteria mostly remain the same. The requirements might vary if you are approaching a private lender, but here are the average rules set for by government banks in India:

• A minimum 1 year operational history
• A turnover of a minimum 20L
• Minimum of six term settlement period
• Minimum monthly card transaction of INR 1,00,000
• Card active for a minimum of six months

If you are applying for an amount less than 1cr, banks will generally not look for third party guarantees or collaterals. Most of the working capital loans are offered at floating interest rates. Company like Capital Float offers easy working capital loans for SMEs in India. Connect with the experts of Capital Float to get easy loans for your business.

Any kind of businesses are qualified for that Merchant Experts business loan, varying from the home-based consultant to online companies. Sole proprietorships will also be qualified. You've got to be running a business for at least two several weeks with earnings and purchasers, maintain a for-profit industry, and also have a business banking account.