Working Capital Loan
Working capital loan is a type of loan of playing the main role in operating of the company. It is normally used to cover staff’s salary and the account payable of the organization. This loan is not used in buying any long-term assets, investments or improvements. The funds are usually for funding in short term business.
Requirement
Firstly, the business must operate for more than 6 months and it must be registered company with SSM. Next, the loan inspector must have on-site visits business. In addition, the borrower must provide 3-6 months of the company’s bank statement. Besides, the borrower also needs to provide a copy of NRIC and utility bills of the company for additional assurance in case of default payment by the borrower. If you do not meet all the conditions above, please contact us so that we can give you some advise about the solution.
Why choose us?
In past 10 years, we helped many customers solve their loan problems. Our approval process is fast and the documentation requirements are very minimal. Besides, our application process is simple and convenient. We also have flexible repayment which allows early settlement. Lastly, our loan disbursement is very quick upon loan approval.
Who are we?
We are one of the best licensed money lenders which have more than 10 years experiences in this industry. We help many customers solve their finances problem around Malaysia. We have associate companies throughout Peninsular Malaysia such as Seremban, Melaka, Kuala Lumpur, Selangor and Penang. We usually focus on Johor Bahru, Pasir Gudang, Yong Peng, Kluang, Pontian, Kota Tinggi, Masai, Skudai, Kulai, Senai, Simpang Renggam and Gelang Patah.
Conclusion
If your company is searching for a working capital loan, feel free to call us. We will tailor it to your needs and provide the most suitable loan for your company. Don’t worry, we will reply you as fast as possible.You may also take a look on our other services such as SME loan, business loan, cheque cashing and personal loan.
For sure,credit profile of borrowers may affect the approval rate of the loan.So, what will be the possible factors?It would be ideal credit profile if you are someone who receive cash salary.Someone who received salary that are auto-credited into their bank account will have a better credit profile.If the borrower stay at rented place but not at his own house, it will be a higher approval rate on the borrower which have his own house. Next, someone who work more than 3 years and have a quite stable position will have a good credit profile compare to someone who work for 3 months only.