3 ms·
in india, banks give you working capital loan with floating charge on your stock/debtors at like 25% of your previous FY turnover... you could theoretically tak
by 2Gkashmiri 4y ago
in india, banks give you working capital loan with floating charge on your stock/debtors at like 25% of your previous FY turnover... you could theoretically take up more loan but the interest would negate any "earning" considering the banks charge like 10-15% interest on the amount so if your turnover is 10 million rupees, you could get 2.5 Mil loan but the interest on it would be 325k inr which i am sure not many businesses can sustain normally.