A working capital loan is given for a business that need to finance their operating cash flow. Normally, this type of loan is used for short term ranging from 1 week to 3 months and used to pay off for utilities, salary and other operational expenses.
Sometimes, there is an unforeseen circumstances, which could be a weak sales in that particular month, or vendor delay in payment. Hence, company may need additional funding for business to run smoothly. This types of loan suitable for either your business is trading, manufacturing or servicing.
Requirements
The basic requirement for this loan is that the business operation must be exist for more than 6 months. This means that you must have own shop lots, offices or factories. The lender can look at your business operations and the financial records to assess your repayment ability. Besides that, the owner should also register the business with SSM for at least 6 months. And lastly, they have 6 months bank statements to proof the stability of incoming cash inflow.
Why us?
We are a money lender with more than 12 years’ experience in Malaysia. We already help many business owners to overcome their financial difficulties. We specialize in Selangor such as Subang, Puchong, Ampang, Petaling Jaya, Gombak, Damansara, Klang, Shah Alam and Sunway. Whilst in KL, we have a presence in Putrajaya, Seputeh, KL Sentral, Bangsar, KLCC, Bukit Jalil and Cheras.
Our services’ feature:
- No upfront fee
- Flexible tenure
- Easy application process
- Low document requirements
- Fast approval process
- Quick disbursement of loan
Conclusion
Therefore, don’t waste your time to search for other. You can consider our working capital loan if your company faces any financial difficulty. We are always here to help you overcome your emergency cash needs.
You also may check out our Business Loan and SME Loan as well as Refinancing Loan if your company has any paid-up properties.
