A firm's working capital is the money it has available to meet current obligations (those due in less than a year) and to acquire earning assets.
Wealth World offers corporations, Working Capital Finance to meet their operating expenses, purchasing inventory, receivables financing, either by direct funding or by issuing letter of credit.
Key Benefits:
- Funded facilities, i.e. the bank provides funding and assistance to actually purchase business assets or to meet business expenses.
- Non-Funded facilities, i.e. the bank can issue letters of credit or can give a guarantee on behalf of the customer to the suppliers, Government Departments for the procurement of goods and services on credit.
- Available in both Indian as well as Foreign currency.
- Some of the facilities are -
- Cash Credit facilities
- Overdraft
- Letter of Credit(LC)
- Bank Guarantee(BG)
- Trade Finance
- Bill Discounting
- Term Loan for fixed assets purchase
- Project Loans
- Export bill discounting
- Loans under CGTMSE scheme
- Business Loans
