Work Order Finance in Davanagere

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How does Work Order Finance Work?

Work Order Finance Benefits

Instant disbursement

Instant disbursement

Get disbursements within two days to grow your business

Interest as per usage

Interest as per usage

The interest would be charged only for the exact amount and duration of use

Increase revenue potential

Increase revenue potential

Serve bigger orders to increase your sales

Strengthen supply chain

Strengthen supply chain

SMEs get pre-shipment as well as post shipment finance to run business smoothly

Eligibility & Required Documents

Apply with minimal documentation

Eligibility

Minimum turnover
Minimum turnover ₹3 crores
Business vintage
Business vintage 3+ years

Required Documents

details
KYC details
Last
Last 6 months of banking
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
GSTR details for current fiscal year
Work order copy
Work order copy

Our Terms

Interest Rates
Starts from 12% per annum
Processing Fees
Starts from 1% per annum
Penal Interest
Starts from 2% per month + Applicable Tax
EMI & Check Bounce Charges
500 + Applicable Tax
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Enhanced Security Features

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Hassle-free Loan Applications

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Simplified Documentation Process

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Get Disbursals on the Fly

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Ledger on Your Fingertips

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Enhanced Security Features

How to Apply for Credit

Step-by-step online process to apply
for Financing

1

Check Eligibility

Check your loan eligibility

2

Submit Application

Complete a 100% online application form

3

Get Sanctioned

We will evaluate your application and propose a fair sanction

4

Receive Funds

Get disbursements within 2 days of sanction

Why Oxyzo?

Oxyzo provides new-age customized financing
products for your business needs

Collateral-free working capital

Collateral-free working capital

Approval within 48 hours

Approval within 48 hours

Easy repayment tenure

Easy repayment tenure

No minimum utilization charges

No minimum utilization charges

Low interest rates

Low interest rates

100% digitized

100% digitized

Get Working capital with Work order finance

Davanagere is a city located in the Indian state of Karnataka, known for its textile industry and agribusiness. The city has a thriving business community, with many small and medium-sized enterprises (SMEs) operating in a variety of sectors. Oxyzo, a leading digital lender, offers work order finance solutions to businesses in Davanagere, providing them with quick and hassle-free access to finance.

One of the key benefits of Oxyzo’s work order finance services is instant disbursement. Traditional lenders can take weeks or even months to approve loans and disburse funds, which can be particularly challenging for SMEs in Davanagere that may need to access finance quickly to pay suppliers, manage working capital, or meet other short-term financial requirements. Oxyzo’s advanced algorithms and data analytics can quickly assess a business’s creditworthiness and disburse funds within hours of approval, helping businesses to stay agile and responsive in a rapidly changing business landscape.

Another important benefit of Oxyzo’s work order finance services is the potential to increase revenue. With quick access to finance, businesses can take on new work orders, increase their production capacity, and expand their customer base, all of which can lead to higher revenue and profits. This can be particularly valuable for businesses in Davanagere, which may need to be flexible and innovative to succeed in competitive markets.

Finally, Oxyzo’s work order finance services can help to strengthen supply chains by providing funding to suppliers and other key partners. By improving cash flow and ensuring timely payments, businesses can build stronger relationships with their suppliers and improve their overall efficiency and productivity. This can be especially important for businesses in Davanagere, which may face logistical challenges and need to rely on a diverse range of suppliers to operate effectively.

In conclusion, Oxyzo’s work order finance services offer many benefits to businesses in Davanagere, including instant disbursement of funds, increased revenue potential, and strengthened supply chains. Whether you’re a small business owner or a larger enterprise, Oxyzo can help you access the finance you need to grow and thrive in the dynamic business landscape of Davanagere. With its commitment to innovation and customer service, Oxyzo is an ideal partner for businesses looking to succeed in today’s fast-paced business environment.

Frequently Asked Questions

What is the purpose of work order finance ?
This type of sme finance is part of our supply chain financing solution which helps SMEs get working capital support for completing work orders given by government and large corporate bodies.SMEs thus serve large business volumes, increase revenue and scale up their business.
What are the documents required for a work order finance ?
SMEs are required to apply online for a work order loan with the following documents:
  • KYC
  • Last 6 months of banking
  • GSTR details for the current financial year
  • Financial statements for the previous 3 financial years
  • Work order copy
Is work order finance similar to purchase order finance ?
Yes
Does Oxyzo provide collateral-free work order finance ?
Yes
What is the maximum limit offered by Oxyzo for work order finance ?
It depends on the business requirement of the SME.

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