Documents Required For Applying to Bank for Cash Credit:-

I have a manufacturing unit setuped in financial year 2016-17 having c c limit of 15 lacs. want to enhance limit up to 30 lacs. turn over is 75 lakhs. banker said that i need to submit audited balance sheet? but as per rule i don't need to be audited. what can i do?

Hi Atul, Please provide them CA Certified balance sheet (f they agree). You can also convince your banker for showing VAT returns as well as Banking. Also for profitability you can convince them with your ITR (if sole proprietor)

Hi Chintan,

I dont think that there is any specific discretion of the premises being owned and not being rented/ leases as long as one is able to prove the business's credibility through Return of Income, Quantum of turnover, No history of default, Sufficient collateral etc.

I have already started a new business of Supplier just 2 months but not registered & operating from my home. And wants to registered & open CC account & to apply for CC loan.

My question is whether i can get a CC Loan