Managing working capital is an integral part of achieving long-term success for a business. If you can’t manage cash flows properly to have readily available capital to cover day-to-day expenses, your business will suffer. Therefore, it is essential to determine how much money you are left over after all your short-term debts. If a shortfall is anticipated, it can be compensated for with a Working Capital Loan to tide your business over.
Working capital loans (also known as operating capital loans) are used to cover the daily needs of your business. These loans are typically used to fund the working capital requirements or day-to-day operations of a company.
Here’s how a Working Capital Loan can help your business grow:
The expression “cash is king” does hold true for small business entrepreneurs. For small businesses, having adequate working capital is key, because it can help them absorb losses and avoid and continue operations even in difficult circumstances.
Kinara Capital is an NBFC that understands all these concerns about micro-small-and-medium enterprises (MSMEs) and hence, has curated products specifically designed to fulfil their needs.
How some Kinara Customers have benefited by availing a working capital Loan.
Manjunath Janamatti, Jaanu Industries
“It was always my dream to become a business owner. This would not have been easy without the help of Kinara Capital. I was 22 years old when I launched my business and got my first loan from Kinara. This made me confident, and for the following years, every year I asked for a loan from Kinara to grow my business. Every year, they supported me! As a result, my business improved, and I employed more people. My dream to be an entrepreneur has come true because of Kinara Capital.”
Saraswathy, Saraswathy Steel
“When I started this business, we had seven workers, and now, I am providing consistent jobs and livelihoods to 25 workers, and they are also delighted. Kinara is the reason for my business growth. I hope in the future also that Kinara Capital will help meet our business needs.”