Need a Working Capital Loan? Get Approved Fast – Apply Now!
If you’re looking for a reliable financial partner, Khannan Finance is here to help. We specialize in providing flexible and fast funding solutions for your business needs, including fund-based overdraft facilities and cash credit facilities.
We offer working capital loans for manufacturing industries with funding up to 100%* of collateral value, providing the liquidity your business requires to thrive. In addition, our term loans cover up to 100%* of the cost for plant and machinery, allowing you to expand or modernize your operations without delay. Other than Manufacturers Logistics & supplychain, Traders, suppliers, Dealers & Distributers & Service providers will allso be applicable for working capital funds.
For businesses in construction or infrastructure development, Khannan Finance service provide offers up to 75%* funding based on your project estimates, ensuring you have the resources to complete your projects on time. We also provide non-fund-based instruments, such as LC/BG/Packing Credit, to meet your trade and operational needs.
Types of Working Capital Loans Available at Khannan Finance 💡
Khannan Finance provides expert service, offering tailored MSME loan solutions for businesses of all segments. From working capital to machinery loans, they ensure quick approval, competitive rates, and minimal paperwork. Trust Khannan Finance to support your business with the right financial solution to achieve growth and success.
- 💳 Fund-Based Overdraft Facilities
- 🏦 Cash Credit Facilities
- 💼 Term Loans for Plant & Machinery
- 🏗️ Construction & Infrastructure Loans
- 🌍 Non-Fund-Based LC (Letter of Credit)
- 🛠️ Non-Fund-Based BG (Bank Guarantee)️
- 📦 Packing Credit
- 📊 Project Financing for Large-Scale Ventures
- 🔒 Collateral-Backed Working Capital Loans️
- 🧾 Short-Term Working Capital Financing
Features & Benefits For Working Capital Loan
- Quick Access to Funds 💸: Working capital loans offer fast access to cash, ensuring your business can meet immediate financial needs without delays.
- Flexibility in Usage 💼: These loans can be used for a variety of purposes like increasing volume of business, Enhancement, Inventory management, payroll, operational costs.
- No Collateral Needed 🏠: Working capital loans are unsecured, A stable business with good sales turnover with good credit are eligible for unsecured approval.
- Flexible Repayment Plans 📅: Customize your repayment terms based on your business’s cash flow, making it easier to manage the loan.
- Seamless Business Operations 🔄: A working capital loan ensures that your business can continue to operate smoothly and planning for next level growth.
- Improves Cash Flow : By filling cash flow gaps, this loan ensures that your business can maintain a healthy financial standing.
- Supports Business Growth 📈: With available working capital, your business can take advantage of new opportunities and expand its operations.
- Enhances Supplier Relationships 🤝: Timely payments to suppliers help you build trust, ensuring that your business maintains strong vendor relationships.
- No Restrictions on Loan Use 💡: Enjoy the flexibility to use the loan for any of your business needs, without restrictions on the purpose of the funds.
- Expert Guidance from Khannan Finance 💼: Khannan Finance provides expert advice throughout the loan process, helping you choose the best terms that suit your business needs.
Eligibility Criteria For Working Capital Loan
Khannan Finance offers professional services to facilitate a smooth process for businesses. To be eligible for a Working Capital Loan, applicants must have a favorable credit score, a minimum of 2+ years in business, and consistent revenue. They are required to provide financial documents and meet certain age requirements. Khannan Finance is dedicated to assisting businesses in efficiently managing their cash flow and bolstering growth.
- 1️⃣ Business Vintage 📌 The business should be operational for at least 2+ year to showcase stability.
- 2️⃣ Business Registration 📌 A valid business registration certificate is required. Sole Proprietors, LLPs, and Pvt Ltd entities are eligible.
- 3️⃣ Annual Turnover 📌 A minimum annual turnover requirement must be met, depending on industry and loan amount.
- 4️⃣ Credit Score 📌 A credit score of 700+ or above improves approval chances and better loan terms.
- 5️⃣ Income Proof 📌 Submission of profit & loss statements helps lenders assess financial stability.
- 6️⃣ Bank Statements 📌 Providing the last 6-12 months of bank statements showcases cash flow consistency.
- 7️⃣ Business Tax Returns 📌 Filing at least 1-2 years of business tax returns is essential to verify financial health.
- 8️⃣ Debt-to-Income Ratio 📌 A manageable debt-to-income ratio ensures repayment capability.
- 9️⃣ Collateral (If Required) 📌 While some loans are unsecured, providing collateral can improve approval chances.
- 🔟 Cash Flow Stability 📌 Maintaining a healthy and steady cash flow strengthens eligibility.
Document Required For Working Capital Loan
Khannan Finance offers professional services for businesses in need of financial support. To apply for a Working Capital Loan, required documents include bank statements, GST filings, income proof, and business registration. Submitting precise paperwork guarantees quicker approval and seamless transactions. With expert guidance, Khannan Finance streamlines the process, making loan applications convenient and effective for business expansion.
- 📄 Application Form: Duly filled and signed application form with all requisite and correct details.
- 📸 Passport Size Photos of All Borrower(s): To be attached to the application form,.
- 🆔 Valid Identity Proof of Borrower: PAN Card, Aadhaar Card, Passport, Voter ID Card, Driving License.
- 🏢 Identity Proof of the Business: Varies based on business type—Sole Proprietorship, Partnership, Private/Public Limited Company. Includes Sales Tax copy, VAT filing, Service Tax copy, Excise Registration (if applicable), Company IT Return, Utility Bills (water, electricity, telephone), Registration Certificate under Shops & Establishment Act, PAN ID, Municipal Tax Bill (original & copy), MOA, AOA, Certified Copy of Partnership Deed, List of Partners/Directors.
- 📍 Valid Address Proof of Business: Passport, Utility Bill (Telephone/Electricity, not older than 3 months), Ration Card, Trade License, Lease Agreement, GST Certificate.
- 🏠 Valid Proof of Residence of Borrowers: Utility bill (Electricity/Telephone), Passport copy, Aadhaar card, Bank statement.
- Income Proof: Bank statement or passbook of the last 2 years.
- 📊 Financial Proof: Income Tax Return (last 2 years), Computation of Balance Sheet, Income & Profit & Loss A/c, Last 3 years audited financials, Last 6 months bank statement, Last 2 years audited Balance Sheet certified by CA, GST Challans, Tax Audit reports.
- 🏢 Proof of Continuation of Business: Business Ownership Proof depending on the type of business (Sole Proprietorship, Partnership, Registered Company, etc.).
- 🎂 Proof of Age of Borrowers: PAN Card, Passport Copy, Voter ID Card.
- 📜 Documentation of Collateral: Entire set of documents for collateral pledged against the loan, including securities, assets, or business itself, as per agreement between borrower and bank.
- 💳 Term Loan Repayment Track Record: Required if the borrower has taken a loan in the past, assessed on a case-to-case basis.
step-by-step guide to applying for a Working Capital Loan
Visit Khannan Finance Website 🌐: Go to the official Khannan Finance website to begin your application.
Check Eligibility Criteria ✅ Review the eligibility conditions such as business turnover, registration, and financial history.
Prepare Required Documents 📑: Collect your financial statements, income tax returns, credit histroy, business kyc and identity proof.
Fill Out the Application Form 📝: Complete the online application form with your business and loan details.
Upload Supporting Documents 📤: Upload the necessary documents to support your loan request.
Wait for Loan Evaluation ⏳: The Khannan Finance team will assess your application based on your financial health.
Review Loan Offer 💵: Once approved, you'll receive a loan offer with the terms, interest rates, and repayment schedule.
Sign the Loan Agreement & Receive Funds ✍️ Sign the agreement, and the loan amount will be disbursed to your account.
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