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- Working Capital: Working Capital helps company to pay its short-term debt. Every Corporate/ Firm/ Entity requires working capital finance to meet the entity range of a short-term fund requirement that arise within their day-to-day operational cycle.
We at Kwik Loan empower our clients to enhance company's financial facilities and optimize them to the fullest. Our services help our clients to build a sound of Working Capital structure.
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- Cash Credit: A facility to withdraw the amount from the business account even though the account may not have enough credit balance. Kwik loan services help facilitate the drawing power of the client based on the stock and book debts statements submitted by the borrower at monthly intervals against the security by hypothecating of stock.
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- Overdraft: Overdraft is a facility where in an amount can be utilized for working capital needs and the overdraft can be repaid over period of years. At the end of the tenure, the debt is repaid and converted into capital of the enterprises.
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- Letter of Credit: Letter of Credit is a credit letter from a bank guaranteeing the buyers payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. Letter of credit can be used in both International and Domestic transactions.
Overdraft: An overdraft is a facility where overdraft amount can be utilized for working capital needs. The primary security herein is the property and stock and debtors are considered as collateral security. Further, there is no requirement of submission of monthly stock statement and calculations of monthly drawing power, since the stock statement is to be submitted annually.
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- Bank Guarantee: In certain circumstances such as filing for tender or requirement of government of a government body or dealing with a totally unknown concern, the parties require you to give a bank guarantee to enable you to bid for contract or supply the materials. It is at times like these that our experienced team steps in to help arrange Bank guarantee on client’s behalf from Banks.
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- Term Loan: Term loan are usually required for a capital expenditure such as constructing a new factory, buying machinery, purchasing of office or expansion or extension of existing factory. We study future cash flow thoroughly and arrange funds accordingly. Funds can be arranged in the range of 70%-75% of actual cost.
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- Working Capital Term loan: Working Capital Term Loan provides the dual benefit of Working Capital as well as term loan wherein a part of the funds could be given as term loan allowing repayment of the same, where the company profits in future years are so that the client wants to slowly reduce the working capital funds from bank and infuse his net-profit into business or in case where the company is into stress and is unable to achieve the drawing power required for existing working capital availed, then we can arrange additional amount over and amount the drawing power in the form of working capital term loan.