MSME Working Capital
A programme by Ujjivan Small Finance Bank
Overdraft, bank guarantee and fixed-deposit-backed working capital facilities for businesses, with interest charged on the overdraft amount used.
At a glance
| Best for | Businesses that need to fund working capital |
|---|---|
| Duration | Up to 12 months for the overdraft; up to 120 months for fixed-deposit-backed facilities |
About MSME Working Capital
The working capital family covers the funding a business needs to run day to day. The bank provides fund-based and non-fund-based facilities for working capital requirements.
What you get
- A working capital overdraft or cash credit, with tenure up to 12 months
- A working capital bank guarantee, with tenure up to 84 months
- A working capital facility backed by a fixed deposit, with tenure up to 120 months
- A drop-line overdraft with term loans, with tenure up to 10 years
- A business edge overdraft, an overdraft against property and a CGTMSE overdraft facility
Who can apply
- Businesses that need working capital, assessed on their financials, GST returns or banking history
- Businesses registered as proprietorship concerns, partnership firms, one person companies, companies, LLPs or self-employed professionals with a relevant degree
How to apply: Use the MSME Loan application form on the bank's website. The bank's checklist asks for the loan application form, guarantor documents, business registration proof and 12 months of bank statements for major accounts.