Working Capital Facilities
A programme by Dhanlaxmi Bank
Cash credit, overdraft and working capital loans for a business's day-to-day needs, plus bill and invoice discounting.
At a glance
| Best for | Businesses that need working capital, such as manufacturers, traders and service firms. |
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About Working Capital Facilities
Working capital facilities cover the money a business needs to run day to day. The bank offers cash credit or an overdraft and a working capital loan. It also discounts bills and invoices to bridge short-term funding gaps. A Bill Discounting System scheme for contractors applies only in Kerala.
What you get
- Cash credit or overdraft, and a working capital loan, for the business's complete working capital needs
- Bill and invoice discounting: pre- and post-shipment, supply chain finance, LC-backed bill discounting and SBD/LBD
- In Kerala only: bill discounting against a promissory note issued by the Govt of Kerala for contractors, through a digital platform
Who can apply
- Businesses in the bank's SME segment: manufacturers, wholesale and retail traders and services firms
- The Kerala scheme is for contractors and applies only in Kerala
How selection works: the page does not state its criteria. The bank's MSME guidelines set decision timelines of 14 working days for smaller loans and 40 working days for larger ones.
How to apply: leave your details on the SME Banking online form and choose working capital facilities as the product. The bank says it will get in touch.