Working Capital Advances
Companies must measure risk, develop, then implement strategies for maintaining a positive cash flow.
This strategy is called a working capital management strategy. The goal of an efficient working capital management strategy is to
balance current assets against current liabilities so a company may meet its short-term obligations and maintain operating expenses.
To support this, sometimes may go for advances like
- Cash Credits (CC) / Overdrafts (OD)
- Purchase / Discount of bills.
- Letter of credit
Documents Required:
Self Employed person
- 2 or 3 yearr ITR's
- 6 Months Bank Statement
- OD / All loan Sanction Letters
- VAT/ Service Tax Returns (whichever is applicable)
- Office Registration Certificate
- Office address Proof
- PAN, Address Proof, Photo, Own House Proof (Electricity Bill)
- CMA data
- Projection for next 5 years
Partnership Firms
- 2 or 3 yearr ITR's
- 6 Months Bank Statement
- OD / All loan Sanction Letters
- VAT/ Service Tax Returns (whichever is applicable)
- Office address Proof
- PAN, Address Proof, Photo, Own House Proof (Electricity Bill)
- Firm Registration
- Partnership deed
- Firm PAN
- KYC
- CMA data
- Projection for next 5 years
Pvt Ltd Companies
- 2 or 3 yearr ITR's
- 6 Months Bank Statement
- OD / All loan Sanction Letters
- VAT/ Service Tax Returns (whichever is applicable)
- Office address Proof
- PAN, Address Proof, Photo, Own House Proof (Electricity Bill)
- Company PAN
- MOA AOA Incorporation Certificate
- Form 20B, 23AC
- Director appointments / Releaving (form 32)
- ROC Challans
- CMA data
- Projection for next 5 years
* Documentation may vary from bank to bank and profile to profile. Please contact us for more details
