Working Capital in Chennai

Click to Apply for Working Capital in Chennai

 

At Indexia Finance, we possess a strong appetite for recognized credits. Our team comprises customer-focused relationship managers with extensive industry experience across various segments. Moreover, we offer working capital finance through cash credit or loans, tailored to your specific needs and risk profile, either in consortium or as a sole banker. Indexia Finance provides Working Capital in Chennai, ensuring accessibility right at your doorstep. You can conveniently apply online for Working Capital Chennai at the lowest interest rates available.

Eligibility criteria for Working Capital

  • The scheme is meant for limited companies that are industrial concerns as defined in the IDBI Act
  • Those limited companies that have not got any working capital: They were financed & hence running at lower capacity.
  • There is a market for the product
  • The promoters are competent and persons of integrity
  • Technology is not outdated
  • The Company and the unit must be potentially viable

Required Documents For Working Capital

The necessary documents for Working Capital in Chennai are as follows:

  • Self-attested copies of KYC Documents
  • Entity proof: Partnership deed/Certificate of Incorporation/Shops and Establishment certificate
  • PAN Card copies of Entity, Proprietors/Partners/Directors, Security providers, and guarantors
  • Address Proof of Entity, Proprietors/Partners/Directors, Security providers, and guarantors
  • Audited/Provisional Financials for the last 3 years (Audited financials include Balance Sheet, Profit, and Loss Account with schedules and Notes to Accounts, tax audit reports, and Statutory Audit report). Provisional financials require VAT returns as well.
  • Current year performance and projected turnover on the entity’s letterhead
  • Last year’s Income Tax returns of the borrowing entity (along with Computation of Income), with acknowledgment number if filed online
  • Latest Bank Statements for the last 6 months (for First Time Borrower) and 12 months (for Takeover proposals). Multiple banking requires statements covering a minimum of 75% of banking turnover.
  • Orders in hand, status, along with order copies/Letters of intent/Contract agreements
  • Details of the previous 3 inland LC transactions to assess the track record
  • Project report outlining project cost, means of finance, incurred expenditure, and projections with supporting details
  • Government approvals for power, Pollution, and Building plans along with documentary proofs
  • Pro forma invoices of assets to be purchased, and copy of the allotment letter/conveyance deed for land, architect certificate for validating construction costs.