Business limit services are ideal for companies looking to maintain liquidity and manage daily operations without disrupting cash flow. It helps businesses handle fluctuating working capital requirements, especially in industries with seasonal demand or frequent cash flow gaps.

Who Can Benefit:

• Small and medium enterprises (SMEs) needing consistent working capital
• Businesses with seasonal fluctuations in demand
• Companies requiring frequent access to funds for operational needs
• Manufacturers, traders, and service providers

• Flexible Access to Funds:
  Borrow as much as you need, whenever you need it, within the approved limit.

• Interest on Utilized Amount:
  Interest is charged only on the amount you use, not the entire limit.

• Improved Cash Flow Management:
  Helps cover day-to-day operational expenses like salaries, raw material purchases, and utility bills.

• Quick and Repeated Access:
  As a revolving credit line, you can draw funds multiple times without reapplying once your credit limit is set.

• Customizable Loan Terms:
  Tailored credit limits, based on business size, financial needs, and cash flow cycle.

• No Fixed Monthly Payments:
  Unlike term loans, repayment schedules are more flexible, allowing you to pay down the borrowed amount as and when cash inflows happen.

• Identity Proof:
  • Aadhar Card, PAN Card, Passport, or Voter ID of business owners
• Address Proof:
  • Utility bills, Rental Agreement, or Passport
• Business Registration Documents:
  • Partnership Deed, Certificate of Incorporation, etc.
• Business Plan/Operational Overview:
  • Description of how the credit limit will be used for daily operations
• Financial Statements:
  • Audited balance sheets and Profit & Loss statements for the last 3 years
• Bank Statements:
  • Bank statements for the past 6-12 months
• Tax Returns:
  • Income Tax and GST returns for the last 2-3 years
• Credit History:
  • Credit score and details of any previous loans or credit lines
• Collateral Documents (if applicable):
  • Details of assets offered as security, such as property or equipment
• Trade Licenses or Contracts:
  • Any applicable trade licenses or client contracts related to your business

At Beginquest, we provide comprehensive support to help businesses secure credit limits tailored to their needs. Our services include:

1. Assessment of Financial Needs:
   We analyze your business’s working capital requirements and suggest the ideal credit limit to maintain cash flow.

2. Document Collection & Application:
   Our team assists in preparing all the necessary documentation and ensures your application is completed correctly.

3. Collateral Evaluation:
   If needed, we guide you in assessing assets that can be offered as collateral for securing higher credit limits.

4. Negotiation for Best Terms:
   We negotiate with financial institutions to get you favorable terms, including interest rates and repayment flexibility.

5. Ongoing Support:
   Even after your credit line is approved, we provide continuous support in managing repayments and renewals.

6. Renewal and Limit Enhancement:
   As your business grows, we assist in renewing or enhancing your credit limit as per your evolving needs.