Cash Credit (Hypo- Stock Cum Book-debt)

Purpose 

  • Working capital facility

Eligibility 

  • All Business firm, industrial units, trading unit, contractors who are holding some stock in the form of finished goods or raw materials can avail this facility.

Documents 

  • Business proof of Applicant: Copy of Registration /License /GST/VAT registration copy, Govt. approval required to start manufacturing unit.
  • Applicant’s Pan card / Partner’s Pan Card / Limited Company’s Pan card
  • 2 passport-size photographs of all applicants
  • Last three years balance sheet, copy of 3 year income tax return, copy of Partner’s personal return
  • Memorandum and Article of Association in case of limited company and resolution for loan application.
  • Bank account statement of last 2 years
  • Stock statement of the business

 

This website uses cookies.