{"id":3632,"date":"2019-07-26T06:22:25","date_gmt":"2019-07-26T06:22:25","guid":{"rendered":"\/blog\/?p=3632"},"modified":"2024-12-18T16:11:32","modified_gmt":"2024-12-18T10:41:32","slug":"documents-required-to-get-a-working-capital-finance","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/","title":{"rendered":"Documents Required to Get a Working Capital Finance"},"content":{"rendered":"\n

If you\u2019re a small or medium-sized business, there almost invariably\ncomes a time when you have to avail an SME loan. Working capital finance, designed to help firms cover daily\noperational expenses, is a great way to finance the short-term needs of a\ncompany. Most companies take working capital loans to tide over fluctuations in\nseasonal sales or non-steady cash flow. It also provides a cash cushion for\ncompanies that are just starting up. <\/p>\n\n\n\n

Know More<\/a><\/div>\n\n\n\n

Working capital finance is a popular means of funding because the\nloan amount is processed quickly, allows for flexibility, let a business choose\nhow to spend the money with minimal restriction, and doesn\u2019t require a\ncollateral. Here are the documents you require to apply for a working capital\nloan.<\/p>\n\n\n\n

KYC Documents<\/strong><\/p>\n\n\n\n

Know your customer, or KYC documents, are critical when applying for\nany kind of loan. These help the lender determine if a business is legal, and\nhelps them weed out suspicious activities. KYC documents include one proof of\nidentity and address, like your passport, Aadhaar card, NREGA card, or PAN\ncard. Utility bills or bank account statements serve as address proof. Your bank\naccount statements are also important for establishing credibility and indicating\nyour ability to repay the loan.<\/p>\n\n\n\n

Business Continuity Proof<\/strong><\/p>\n\n\n\n

You will also need a certificate issued from the bank that certifies\nthe continuity of business for at least three years, including income tax\nreturns and statements.<\/p>\n\n\n\n

Financial statements<\/strong><\/p>\n\n\n\n

Your business\u2019s financial statements give the lender a clear picture\nof your business\u2019s financial condition and its ability to repay the loan. The\nbalance sheet for previous years, profit and loss statements, income\ninconsistencies, tax audit reports, VAT returns are some documents that you\nmust have ready. Your performance in the current year, and your projected\nturnover are also required on the official letterhead with all required\nsignatures to attest to the legitimacy of these figures. <\/p>\n\n\n\n

Previous loan records and\nsanction letters<\/strong><\/p>\n\n\n\n

Establishing a good credit history of loan repayment is important as\nwell, and any records of loans taken in the past year should be presented. The\nLoan Sanction Letter presented to you by the financial institution upon\napplying for a loan, legalizing your loan approval, is also necessary. <\/p>\n\n\n\n

CMA Report<\/strong><\/p>\n\n\n\n

The Credit Monitoring Arrangement report is required for companies\nwith a turnover of more than Rs. 5 crores. It shows the projected turnover and\npast performance of the company. This allows the lending institution to analyse\nthe financial stability of your enterprise. It also includes an analysis of\nyour balance sheet, compares currents assets and liabilities, profit and loss\nmargins, and includes a fund flow statement as well.<\/p>\n\n\n\n

If you\u2019re looking for a SME Loan for your business, choose Tata Capital. We offer attractive and customized working capital finance<\/a> at affordable rates with easy repayment options. Avail business loan amounts as high as Rs. 50 lakhs. Visit Tata Capital today and grow your business!<\/p>\n\n\n\n

Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re a small or medium-sized business, there almost invariably comes a time when you have to avail an SME loan. Working capital finance, designed to help firms cover daily operational expenses, is a great way to finance the short-term needs of a company.<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":3635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[37],"tags":[],"class_list":["post-3632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-services"],"yoast_head":"\nDocuments Required to Get a Working Capital Finance - TATA Capital Blog<\/title>\n<meta name=\"description\" content=\"Know the documents required to get working capital finance, including KYC, financial statements, and business continuity proof, to secure quick funding for your business.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Documents Required to Get a Working Capital Finance - TATA Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Know the documents required to get working capital finance, including KYC, financial statements, and business continuity proof, to secure quick funding for your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-26T06:22:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-18T10:41:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/01\/to-get-a-working-capital-finance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/\",\"name\":\"Documents Required to Get a Working Capital Finance - TATA Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2019-07-26T06:22:25+00:00\",\"dateModified\":\"2024-12-18T10:41:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Know the documents required to get working capital finance, including KYC, financial statements, and business continuity proof, to secure quick funding for your business.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Documents Required to Get a Working Capital Finance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Documents Required to Get a Working Capital Finance - TATA Capital Blog","description":"Know the documents required to get working capital finance, including KYC, financial statements, and business continuity proof, to secure quick funding for your business.","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Documents Required to Get a Working Capital Finance - TATA Capital Blog","og_description":"Know the documents required to get working capital finance, including KYC, financial statements, and business continuity proof, to secure quick funding for your business.","og_url":"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/","og_site_name":"TATA Capital Blog","article_published_time":"2019-07-26T06:22:25+00:00","article_modified_time":"2024-12-18T10:41:32+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/01\/to-get-a-working-capital-finance.jpg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/","url":"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/","name":"Documents Required to Get a Working Capital Finance - TATA Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2019-07-26T06:22:25+00:00","dateModified":"2024-12-18T10:41:32+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Know the documents required to get working capital finance, including KYC, financial statements, and business continuity proof, to secure quick funding for your business.","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/wealth-services\/documents-required-to-get-a-working-capital-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Documents Required to Get a Working Capital Finance"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/to-get-a-working-capital-finance.jpg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/3632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=3632"}],"version-history":[{"count":2,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/3632\/revisions"}],"predecessor-version":[{"id":3637,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/3632\/revisions\/3637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/3635"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=3632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=3632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=3632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}