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The term ‘working capital’ simply implies the short-term capital that you need to carry on the routine work in your business. Since these loans are for day to day expenses, the requirement can arise suddenly and unexpectedly. We at FFMC - A Unit of MK Consulting understand this urgency and have tied up with the right sources, which makes the working loan application and disbursement process quick and hassle-free. You can avail short term loans for a wide range of purposes within two days, without having to pledge collateral.
This loan is granted for a period of 6 to 12 months, depending upon the need and repaying capacity of the borrower.
The interest rate can range from 10% to 15% and it depends on the loan amount, as well as risk involved. The interest rates charged by our partners are linked to your industry and are highly competitive.
We syndicate for providing working capital loans to small and medium enterprises, as they are mostly in need of a cash cushion for every day expenses.
Maintaining a team calls for payment of salaries on time to prevent attrition. In absence of sufficient funds, you may take an overdraft or short term loan. Even well established firms take credit for salary payment when cash flow is drying up.
To keep the manufacturing work in progress you need a constant supply of raw material. Sometimes you may even have to pay your suppliers in advance. For such payment, working capital loans are a boon.
There are endless day to day costs of running a business, like charges for electricity, rent, transportation, stationery, maintenance of premises, etc. We facilitate easy loans to cover all these expenses in a hassle free manner.
For companies having manufacturing plants, there are additional expenses of maintenance and repair of machinery, storage of manufactured goods as well as purchasing new tools. All these expenses are met timely through quick loans.
When the sales are fluctuating, your revenue generation is bound to go down. At such times, getting a cash cushion is extremely important for small and medium businesses. Our partners provide this relief in the form of working capital loans.
In a business, you may have some debtors, who can default with their payments. This is applicable to B2B as well as B2C transactions. When you do not receive funds as expected from debtors, you can take a short term loan for fulfil cash requirements.
Here are some aspects that make working capital loan a preferred mode of handling cash flow pressures by small business owners. We add value to these benefits by making the loans personalised and flexible.
Working capital loan can be procured without any security. So, there is no risk of losing assets or much paperwork involved.
Since these loans are meant for small and medium organisations, almost all firms are eligible for taking working capital loan just be submitting a few documents.
The fast pace of getting loans approved and credited enable business owners to meet the day to day expenses without much delay.
In most cases, there are no limitations on the way in which you can use working capital loan. Also, you can model the repayment plan as per your convenience.
Our procedures are custom designed to suit our clients’ different loan needs. Moreover, we promise expert-led solutions in a time bound manner.
You can apply for a loan online by checking your eligibility and period of loan Our executives are available round the clock to furnish all details and guide you as to the loan amount, interest charges and repayment plan options You can get pre approved loan from selected banks on fulfilling certain criteria Pre payment of loan is also possible to reduce interest burden for short term loans The loan is credited through our partners within a time frame of 24-48 hours, giving you quick cash You can use a single loan amount for multiple purposes like wages and material purchaseOur loan syndication facilities make procedures completely hassle free. Even the documents you need to submit are basic like your identity proof and bank statement. Moreover, we have made the offering wide enough to include innumerable industries. So whether you manufacture a product or provide a service, we are there to help you.
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