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Working Capital Loan for New Business
Working Capital Loan for New Business

Working Capital Loan for New Business

by: 3S Business Advisors Private Limited, Mumbai

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Service Description

Target / Eligibility

  • Any entity engaged (proprietorship, partnership or private limited / public limited company) into trading business or Manufacturing/Service sector (Excluding Educational Institutions, Self Help Group, Joint Liability Groups).

Purpose

  • To provide credit for business requirement of MSME borrowers against the security of unencumbered Land and Building belonging to the unit or promoters of the unit or close relatives of the promoters.

Type of Finance

  • Term loans
  • Working capital loan (Fund based and non fund based)
  • Drop line overdraft facility.

Quantum of Finance

  • Loans upto Rs 20 crores

Security

  • Mortgage of immovable properties with value of 100% to 125% of the loan amount .
  • Agricultural Property is prohibited. Agricultural Properties should not be taken as security under this scheme.
  • Vacant land shall not be accepted as security.

Interest rate

  • Interest rate ranges from 11.05 to 13 %

Special Features

  • Working Capital requirement is assessed based on Next years Projections
  • Maximum funding will be 20% of Projected turnover of Next Year subject to working capital cycle
  • Relaxation in various condition like submission of stock statement, quarterly audit etc.

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About Service Provider

3S Business Advisors Private Limited

Working Capital Loan for New Business

Get Contact
Get Best Price
Andheri East, Mumbai
98% Call Pick Up Rate
Trustseal Verified
Nature of Business
Service Provider
Delivery Locations
Mumbai And Surrounding Areas
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Working Capital Loan for New Business

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