Working Capital Overview
Every business requires working capital and working capital means the funds required to carry out the tasks of daily business which may include rent, salary, raw materials, upgrade technology, maintain cash flow, pay utility bills, and other expenses required for the business.
DFS provide working capital finance service in Mumbai and offer professional working capital solutions. We offer working capital advisory services, working capital against work order, working capital term loan and during the period ensure a pleasant experience throughout your borrowing journey.
Working capital loan eligibility for enterprises and individuals
- Applicants eligible are proprietors, private limited companies, self-employed individuals, and partnerships firms working in services, manufacturing, or trading.
- The enterprise must show a record of profits for the last two years.
- Companies must have a turnover of at least Rs. 10 lakhs.
- The enterprise must have a minimum annual income (ITR) of Rs. 2 lakhs every year.
- Individuals can apply for an unsecured small business loan if they have an experience of at least 2 years in the current business and total business experience of at least 5 years.
Documents Required for Working Capital Loan
- PAN Card and a copy of valid identity proof is mandatory for an applicant who is an individual, firm or company.
- Accepted address proofs are Ration card, Voter ID card, Driving license, or Passport.
- Income documents include the latest Income Tax Return with computation of income, profit and loss account and balance sheet of the last 2 years. These documents must carry requisite certification from a Chartered Accountant. Alternatively, any other valid proof of income will also suffice. Please contact us to know more.
- Bank statements of the last 6 months.
- Accepted proof of business continuation include Sales Tax Certificate, ITR, Establishment or Trade license.
- A few other proofs include certified true copy of Memorandum and Articles of Association certified by the Director of the company and the Board resolution, a certified copy of the Partnership Deed or Sole Proprietor Declaration, etc
- Applicants eligible are proprietors, private limited companies, self-employed individuals, and partnerships firms working in services, manufacturing, or trading.
