New Delhi | Jagran Brand Desk: The difference between a well-run and an underperforming business lies in how well it manages capital. Irrespective of the nature of business, working capital is the lifeblood that powers all manner of operations. Say you own a healthy snacks business or a large garment factory. Working capital is a must to keep the business running and on track. In any market segment, be it FMCG, fashion, manufacturing, or others, the festive season is the ideal time to capitalize on. You’ll need sufficient funds to keep up with the incoming demand.

Financing options such as the 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 personalised instrument intended to serve niche financing needs associated with business management.

With this loan, Bajaj Finserv offers collateral-free capital with lucrative repayment and loan management features. These ensure optimal cash flow. Before delving into the particulars of the Bajaj Finserv Working Capital Loan, here’s a quick breakdown of the concept of working capital. 

What is working capital? 

Working capital has a direct implication on your business operations. It is the capital available to a business by subtracting its current liabilities from its existing assets. Naturally, managing your cash at hand cautiously will help you create a cohesive business environment. However, each company has a specific need and to know if you meet this requirement, ascertain if you can:

  • Clear your inventory in a reasonable time.
  • Supply the finished goods to your clients on time.
  • Collect your receivables on time.  

This cycle of converting your inventory into good debtors and timely collection of cash determines the health of your working capital reserves. If this cycle is longer than usual, then it is time you intervene and take corrective measures to fix your business operations. This is when you may need urgent funds to supplement your reserves, and in such cases, availing of the Bajaj Finserv working capital loan will help. Here’s how.

Easy and quick loan approval within 24 hours:

You can apply for this business loan conveniently using a hassle-free application process. As this loan has been created keeping your business needs in mind, qualifying for it is time-efficient too! You need only observe a few simple eligibility terms and submit basic documents to get approval. There is no lengthy paperwork or manual processes involved that could result in delays.

Bajaj Finserv ensures quick turnaround times, and you can get the application approved in just 24 hours. This makes it possible for you to meet both regular and emergency expenses with ease. Do note that to enjoy such a provision, you must have a strong financial background. 

Collateral-free, hefty sanction:

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

Flexible withdrawal facility reduces credit cost:

Irregularity in payments for your previous orders is likely to deplete your working capital. In such situations, you will have to bolster your working capital out of pocket or in parts to meet your present operational needs. This is something you should be prepared for, and you can do just that with the Flexi Loan facility. The Flexi Loan facility on this loan allows you to borrow flexibly.

Here, you can withdraw from the approved sanction, as needed, without any restrictions. This is best used to tackle staggered payments or as a safety net for unplanned needs during the festive seasons. With this facility, you can handle repayment efficiently as well. Firstly, you only pay interest on the amount you withdraw and not the entire approved sanction. Secondly, you can opt to pay interest-only EMIs during the initial parts of the tenor. Essentially, you can reduce monthly outgo by up to 45%* and ensure that the business’ cash flow stays in check all through.

The Bajaj Finserv Working Capital Loan is your best bet when you need funds to manage your cash flow efficiently. You can rely on it this festive season and ensure your profits remain unaffected. To get started and enjoy hassle-free loan processing, check your pre-approved offer by filling a simple form.

 

(Note: This article has been written by Brand Desk)

Posted By: Talibuddin Khan