To finance day-to-day operations and to increase the speed of cash flow.
Utilize to meet the liquidity require on day to day business operations. E.g. Rent, Wages, Mortgages, and other expenses.
It is not for long term assets or investments.
Working capital solutions are basically based on your financial and qualitative evaluation of your business and working capital requirement
Working capital utility:
Wages payment, Purchasing inventories, Supplier payment, Acquiring small equipment, Cash crunch resolution, New office/shop or rent
Other working capital solutions for flexible trade comprise of wide range of products. They are:
Overdraft facility, Local/export bills discounting, Trust receipts loans, Loans against collection documents, Loans for settling acceptance documents, Loans against progress payment certificates, Syndicated loans, Cheques discounting,Bills discounting, Letter of credit to overdraft.