Working capital is a type of loan which is taken for running the everyday operations of a company. It is used normally to cover staff wages and the account payable of the organization. This loan is not used to buy long term assets or investments. The funds are usually for short term business funding which is the reason why borrowing the funds from a bank wouldn’t be an ideal choice as the application process takes too long.
A basic business loan may suit for all business. SME loan are specifically target small and developing business that strongly depend on capital capability while working capital loan are needed when business unable to cover business expenses in a short period due to low market.
The business must operate for more than 6 months and must be registered with SSM. The loan inspector must have on-site visits business. The borrower must provide 3-6 months of the company’s bank statement for verification. The borrower also need to provide a copy of NRIC and utility bills of the company for additional security in case of default payment by the borrower. If you do not meet the above conditions, please contact us and we will give you the right solution.
We help many customers solve loan problems and even provide customers with more selective advice and help them to overcome the problem. Our data security is not negotiable and we never sell your data to third parties. Our approval process is fast and the documentation requirements we need are very less. Our application process is simple and convenient. We also have flexible repayment tenors to help you plan your payments better. We pay the loan very quickly once you have done your application.
We are one of the best licensed money lenders which have over 10years of experiences in this industry. We help many customers solve their finances problem and have our own company around Malaysia. We have associate companies throughout Peninsular Malaysia such as Johor, Melaka, Kuala Lumpur, Selangor and Pulau Pinang. We usually focus on Klang, Puchong, Sunway KLCC, KL Sentral and Petaling Jaya.
If your company is looking to apply for a working capital loan, please feel free to contact us! It is our pleasure to serve you with our best solution. We will tailor it to your needs and provide you the most suitable loan. We will reply you within 24 hours. You may also interest in our SME loans, business loans and commercial loans.