Business loan

Here’s how a business loan can help you meet an increase in festive demand


New Delhi | Jagran brand office: The difference between a well-run business and an underperforming business is how it manages its capital. Whatever the nature of the business, working capital is the lifeblood that powers all kinds of operations. Suppose you own a healthy snack business or a large garment factory. Working capital is essential to keep the business running and on track. In any market segment, be it FMCG, fashion, manufacturing or otherwise, the holiday season is a great time to capitalize. You will need sufficient funds to meet the incoming demand.

Financing options such as Bajaj Finserv Working Capital Loan can help you keep your cash reserves healthy. But what is a working capital loan? Simply put, it is a personalized instrument intended to meet the niche financing needs associated with running a business.

With this loan, Bajaj Finserv offers unsecured capital with lucrative loan repayment and management features. These ensure optimal cash flow. Before going into the details of the Bajaj Finserv Working Capital Loan, here is a brief description of the concept of working capital.

What is working capital?

Working capital has a direct implication on your business operations. This is the capital available to a business by subtracting its current liabilities from its existing assets. Of course, managing your cash flow prudently will help you create a cohesive business environment. However, every business has a specific need and to find out if you meet that requirement, check if you can:

  • Empty your inventory within a reasonable time.
  • Provide the finished products to your customers on time.
  • Collect your debts on time.

This cycle of converting your inventory into good debtors and collecting it in a timely manner determines the health of your working capital reserves. If this cycle is longer than usual, it’s time to step in and take corrective action to correct your business operations. This is when you might need urgent funds to top up your reserves, and in such cases resorting to Bajaj Finserv Working Capital Loan will help you. Here’s how.

Quick and easy loan approval within 24 hours:

You can apply for this business loan easily by using a hassle-free application process. Since this loan was created with your business needs in mind, it is also faster to qualify! You just need to meet a few simple eligibility requirements and submit some basic documents to get approval. There are no long paperwork or manual processes involved that could cause delays.

Bajaj Finserv guarantees fast turnaround times and you can get the request approved in just 24 hours. This allows you to meet current and emergency expenses with ease. Note that to take advantage of such a provision, you must have solid financial experience.

Heavy penalty and without guarantee:

Bajaj Finserv offers up to Rs. 45 lakh and does not require you to pledge any collateral to secure the capital. This allows you to apply whenever you face a pressing financial need without worrying about your assets. In addition, as an unsecured instrument, there is also no need for additional verification processes. This ensures that you get a faster sanction without any hassle. Being agile in business is the key to the growth of an SME, which extends to your financing solutions. With demand on the rise due to urgent festive demands, avoid potential hurdles with this working capital loan medium.

The flexible withdrawal facility reduces the cost of credit:

The irregularity of the payments of your previous orders is likely to exhaust your working capital. In such situations, you will need to increase your working capital out of pocket or in part to meet your current operational needs. This is something you need to be prepared for, and you can do it with the Flexi Loan facility. The Flexi Loan facility on this loan allows you to borrow flexibly.

Here you can opt out of the approved sanction as needed without any restrictions. This is best used to combat installment payments or as a safety net for unforeseen needs during festive seasons. With this ease, you can also efficiently manage the repayment. First, you only pay interest on the amount you withdraw and not the full approved sanction. Second, you can choose to pay interest-only IMEs during the early parts of the term. Essentially, you can cut monthly expenses by up to 45% * and make sure the business’s cash flow stays under control throughout.

Bajaj Finserv Working Capital Loan is your best bet when you need funds to effectively manage your cash flow. You can count on him this holiday season and make sure your profits are not affected. To get started and enjoy hassle-free loan processing, check your pre-approved offer by filling out a simple form.

(Note: this article was written by Brand Desk)

Posted by:
Talibuddin Khan