Loan Against Stocks & Inventory
Step 2: We will connect with 21+ Bank and NBFC with your proposal.
Step 3: We will submit required documents and negotiate.
Step 4: Loan approved.
Loans under Standup India are provided only to individuals who comply with the following criteria:
- Must be over 18 years of age.
- Applicant should be an Indian citizen
- Minimum Turnover 30 Lakhs per annum
- Business is operating at same place from last 2 years
- CIBIL score must be above 700.
- The applicant must not have defaulted on any other bank/NBFC’ s loans.
With AKT, you can put an end to tedious documentation. All that you need are:
- Promoters/Proprietor/Partners KYC such as PAN Card, Aadhar Card and Address Proof.
- Business KYC such as Pan Card of business (If any), Partnership deed/ COI/ Shop & Establishment certificate.
- Address proof for Business such as Rent Agreements, Lease deed, Electricity bill, etc.
- 12 month Bank Statement.
- 2 years IT return with Balance Sheet and P&L.
- GST return for 1 year (If available).
- Cancelled Cheque.
- Copy of Bills for stock
- Stock valuation report
- Colletral Documents (If Required)
Note: – In case IT returns are not available we can help to prepare it for a separate fees.
- Locked up funds in invetory unlockes by Inventory Finance.
- Helps you to buy and accumulate Inventory at low cost and maintain liquidity.
- Easy EMI repayment.
- Quick days processing.
- Up- to 90% Funding on value of inventory.
- 5-7 working days
- Extensive network of Banks and NBFC
- Quick turnaround time
- Faster Loan approval and disbursment
- End to end expert support from documents to disbursement
Loan against Stock & Inventory: – A Primer
All dealers who buy and sell goods need to maintain stocks or inventory. Sometimes they buy in bulk to reduce purchase costs, However the inventory takes time to convert back to cash and hence a large part of working capital get locked in form of stocks. A loan against unsold stocks and inventory helps a dealer to maintain big stocks at the same time it maintain the required liquidity in the working capital. A Bank values the inventory and then fund the loan on the basis of valuation of stock. So it helps a dealer to expand his business. AKT Associates is specialized in inventory financing, serving more then 400 cases of loan approval. Contact our expert team to help you with best loan proposals.
Let It Clear The Confusion
What is the rate of interest charged on inventory finance loan?
The Interest Rate charged will depends on credit rating and nature of business which can vary bank to bank and on the basis of profile of business. In more sense it can fall from 11% to 30% PA.
How the loan will be paid back?
There need to open a Bank A/c, with the loan providing bank from where monthly EMI will be deducted by bank.
For what purpose I can use this loan?
You can only use this loan for intended purpose, i. e. For purpose of working capital use.
Why should I take this loan?
As mentioned above it is an enabler loan for the dealers which enables them to can keep the large stocks and simultaneously take loan against it to maintain a healthy working capital fund in hand.
What is duration of this loan?
Its a short term loan and periodic stock details need to be submitted to bank on the basis of which a Bank decides to increase of decrease borrowing limit.
What is the procedure for Stock or Inventory Financing ?
Once duly filled application form and required documents are submitted along with stock valuation. Bank conducts an independent stock valuation and then on the basis of credibility and valuation of an stock the loan is approved.
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.