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CC Limit / Working Capital

CC Limit

Cash credit limit or CC limit is a kind of current account with cheque book facility. Cash credit limit or CC limit sanctioned by the bank to the small medium enterprises (SME) to fulfill their working capital requirements. CC limit holders offers stock and debtors as primary security to the bank. A CC limit or cash credit limit allows you to withdraw money or issue cheque up to the approved CC limit, even if there is no balance in the account. It is a short term credit facility generally for 12 month, which is renewable after every 12 months.

Working Capital

Working capital (WC) is a financial metric which represents operating liquidity available to a business, organization, or other entity, including governmental entity. Along with fixed assets, such as plant and equipment, working capital is considered a part of operating capital.
Achieves Global India

DOCUMENTS REQUIRED FOR CC LIMIT / WORKING CAPITAL

List of documents for Proprietorship:

1. I'd proof (Pan card & passport/driving license/voter—id)
2. Residence proof (latest month telephone bill & electricity bill and water bill)
3. Office proof (latest month electricity bill & telephone bill).
4. Financials of asst 18-19'19-20 (ITR; computation balance sheet p&L a\c 3CD audit reports with all annexure Dr. Cr.List).
5. Vat returns from GST 1-4-19TO TILL DATE.
6. Sales/vat registration certificate GST CERTIFICATE
7. Latest six months all current account bank statement and saving banking a/c.
8. 2 photos.
9. Sanctioned letter of existing O/D, C/C limits.
10. Repayment schedule of all running loans.


List of documents for Private Limited / Limited:

1. All Director I'd proof (Pan card & passport/driving license/voter—id aadhar card )
2. All director Residence proof (latest month telephone bill & electricity bill and water bill)
3.
4. Company Financials of asst 20-21'19-20 (ITR; computation balance sheet p&L a\c 3CD audit reports with all annexure Dr. Cr.List).
5. Sales/vat registration certificate GST CERTIFICATE, PAN CARD FOR COMPANY
6. Latest six months all current account bank statement and all director saving banking a/c lest 6 months
7. 2 photos all pantner
8. Sanctioned letter of existing O/D, C/C limits.
9. Repayment schedule of all running loans.
10. Vat returns from GST returns 1-4-20 TO TILL DATE.
11. List of partner and shareholder company letter head' partner ship deep


List of documents for Partnership:

1. All partner I'd proof (Pan card & passport/driving license/voter—id aadhar card )
2. All partner Residence proof (latest month telephone bill & electricity bill and water bill)
3. Office proof (latest month electricity bill & telephone bill)
4. Company Financials of asst 20-21'19-20 (ITR; computation balance sheet p&L a\c 3CD audit reports with all annexure Dr. Cr.List).
5. Sales/vat registration certificate GST CERTIFICATE, PAN CARD FOR COMPANY
6. Latest six months all current account bank statement and all director saving banking a/c lest 6 months
7. 2 photos all pantner
8. Sanctioned letter of existing O/D, C/C limits.
9. Repayment schedule of all running loans.
10. Vat returns from GST returns 1-4-20 TO TILL DATE.
11. List of partner and shareholder company letter head' partner ship deep
Achieves Global India

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