Best Working capital and Term loan providers in Karnataka

Doing Business in Karnataka: Usefulness of Term Loan and Working Capital

A term loan is typically a bank extended loan to a borrower for a specific amount with a defined repayment schedule. It may have a floating or fixed interest rate. It is an ideal loan arrangement for the SME sector, but it may require a good amount down payment to reduce the payment amounts and the total cost of the loan.

The "Working capital” is the money used to cover all of a company's short-term expenses, which are due within one year. Working capital means the difference between a company's existing assets and current liabilities. Working capital is used to purchase inventory, pay short-term debt and day-to-day operating expenses.

A working capital loan we use for everyday financial operations for businesses that are lacking cash flow. We use the loan for short-term needs rather than long-term needs, such as acquiring fixed assets or making investments. This loan type is used to sustain business growth daily to help you visualize long-term success.

Karnataka – Economic Growth & Business Outlook

Karnataka is one of the fastest-growing states in the country. The natural resources, policy, government incentives, or infrastructure in the state are conducive to IT/ITeS, biotechnology, electronics, automotive, Agri and food-processing sectors.

Between the year 2011-12 and 2016-17, the GSDP in the state economy grew at a Compound Annual Growth Rate (CAGR) of 13.33 per cent ( equivalent) US$ 175.8 billion. Also, Karnataka's net state domestic product (NSDP) grew at a CAGR of 12.11 per cent to US$ 158.6 billion.

Karnataka is making significant investments in industrial infrastructures, like setting up industrial clusters all over the state , SEZs and public-private partnership (PPP) projects to provide an impetus to further industrial development.

A vibrant state economy, investor-friendly business ecosystem, skilled and well trained human resources and proactive governmental policies have made Karnataka a hot favourite destination in India. Nothing succeeds like success; the business and industry boom started way back in the 1990s and is now progressing at a galloping speed. Bangalore- the state's capital city, is famous as Silicon Valley of India has already got global recognition for being one of the best global IT hubs in India. Karnataka is also a home for Indian startups company. When they ( start up ventures) initiate their maiden projects, young entrepreneurs and startup ventures look for attractive terms loans and working capital to move on with their business.

Aagey.com - Best Working capital and Term loan providers in Karnataka

aagey.com came into existence with the vision of empowering startups and SME sectors, enabling them to make a correct business decision while availing debt for their business needs. It could be like up-gradation of infra, buying machinery to the business or any business expansion plans aagey.com supports the move.

aagey.com offers a wide range of fintech services that its client can leverage on a single platform. The company has a clear focus on the MSME segment offering 1000 plus unique loan schemes. The company works with 75+lenders. Today, the company plays a remarkable role in promoting Karnataka as India's No 1 investment destination and supporting the enterprises setting up the base.

In the last three years, aagey.com has assessed more than 10,000 business entities and changed the life of 4,500 MSMEs and families associated with them with the disbursement of Rs 1,200 Crores of loans.

Aagey.com ( the company portal) uses the alpha version, and we are developing the beta version. It has operational branches in Karnataka, Kerala and parts of Tamil Nadu and Maharashtra. We have the vision to expand in the entire of Tamil Nadu, Maharashtra and Goa. In the next one and a half year, the company has an ambitious target to onboard 10,000 more MSMEs with overall disbursement of 2500Crs,"