Business Loan

Financing your business at the right time is very crucial for the company’s growth. Business loan provides capital flow to company, which is the foundation of any successful business. Some need a large amount of fund to start a new business and others need funds to accelerate the growth of an existing business. This makes us go to all lengths to ensure that our customers get the best finance solution to scale new heights of success in business. Business loans can be used to invest in infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, or to increase working capital. These customized loans can give your business the much needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability.

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Types of business loan

Sr. No	Name Of Loan	Loan Information
1	Project Finance	Project finance deals with financing of long-term projects using a non-recourse or limited recourse financial structure. These long term projects involves infrastructure projects, industrial projects or related to public utility. The debt and equity used to finance the project are paid back from the cash flow generated by the project. Project financing is a loan structure that relies primarily on the project's cash flow for repayment, with the project's assets, rights, and interests held as secondary collateral. Project finance is especially attractive to the private sector because companies can fund major projects off-balance sheet.Project finance are made available to the companies in the form of term loan and cash credit. Finance provides cash flow to the company which is very crucial for the success of new business or the growth of existing business. We at Finactt Consultancy, provide expert service with regards to project financing. Considering complexity and hectic process for project finance, we serve our clients beyond financing facility, following range of ancillary services; Preparation of project report/ TEV Report Preparation of financial viability statement (Includes Projected Financial statement) Preparation of net worth statements and various balance sheet related CA authorized certificates Carrying out valuation of the properties involved. Legal Advice related to licenses, Subsidies, Properties etc. Financial advice from the experts with regards the revenue model. Dealing with the lenders with regards to reputative and exhaustive requirements on behalf of the client.
2	Working Capital Loan	A working capital loan is a type of advance that helps a business fund its day-to-day or short-term operations. A working capital business loan can be used for various purposes such as procure raw materials, purchase inventory, pay for overhead costs like electricity, rent, salaries and other utilities, finance blocked payments from debtors, pay suppliers in advance, maintain a healthy level of cash etc. Working capital loan is provided against the hypothecation of stock and debtors, however no collateral security is required. Working capital loan ranges from normal cash credit, Letter of credit, Bill Discounting, Factoring, Supply chain management, pre-shipment finance, post–shipment finance etc.
3	Unsecured Business Loan	Unsecured business loans are, as the name suggests, collateral-free business loans. Unsecured business loans are the perfect solution for businesses looking for money to respond to a sudden business opportunity. Unsecured business loans do not have a collateral or business asset as a base for the loan amount. Lenders only consider your business’s financial position and strength for your eligibility. Businesses with adequate turnover can use the unsecured business loans to expand, meet urgent working capital needs to serve a large order. Unsecured loans are quick to avail and require very few documents.

Sr. No

Name Of Loan

Loan Information

1

Project Finance

Project finance deals with financing of long-term projects using a non-recourse or limited recourse financial structure. These long term projects involves infrastructure projects, industrial projects or related to public utility. The debt and equity used to finance the project are paid back from the cash flow generated by the project.

Project financing is a loan structure that relies primarily on the project's cash flow for repayment, with the project's assets, rights, and interests held as secondary collateral. Project finance is especially attractive to the private sector because companies can fund major projects off-balance sheet.Project finance are made available to the companies in the form of term loan and cash credit. Finance provides cash flow to the company which is very crucial for the success of new business or the growth of existing business.

We at Finactt Consultancy, provide expert service with regards to project financing. Considering complexity and hectic process for project finance, we serve our clients beyond financing facility, following range of ancillary services;

Preparation of project report/ TEV Report
Preparation of financial viability statement (Includes Projected Financial statement)
Preparation of net worth statements and various balance sheet related CA authorized certificates
Carrying out valuation of the properties involved.
Legal Advice related to licenses, Subsidies, Properties etc.
Financial advice from the experts with regards the revenue model.
Dealing with the lenders with regards to reputative and exhaustive requirements on behalf of the client.

2

Working Capital Loan

A working capital loan is a type of advance that helps a business fund its day-to-day or short-term operations. A working capital business loan can be used for various purposes such as procure raw materials, purchase inventory, pay for overhead costs like electricity, rent, salaries and other utilities, finance blocked payments from debtors, pay suppliers in advance, maintain a healthy level of cash etc.

Working capital loan is provided against the hypothecation of stock and debtors, however no collateral security is required.

Working capital loan ranges from normal cash credit, Letter of credit, Bill Discounting, Factoring, Supply chain management, pre-shipment finance, post–shipment finance etc.

3

Unsecured Business Loan

Unsecured business loans are, as the name suggests, collateral-free business loans. Unsecured business loans are the perfect solution for businesses looking for money to respond to a sudden business opportunity.

Unsecured business loans do not have a collateral or business asset as a base for the loan amount. Lenders only consider your business’s financial position and strength for your eligibility.

Businesses with adequate turnover can use the unsecured business loans to expand, meet urgent working capital needs to serve a large order. Unsecured loans are quick to avail and require very few documents.

ELIGIBLITY CRITERIA

Your eligibility is determined after looking at the following:

Last 2-3 years business financials.

Years in business and current level of business activity.

Nature of the industry the business operates in and how that industry has fared in recent times.

The current level of obligations of the company i.e. the other installments (EMIs), credit limits and other types of finance the company may have

The company's past credit history.

Documents Required

Your loan application form must be accompanied by:

Identity Proof – Passport / PAN card / Voter’s Identity Card / Driving License / Identity Card with applicant’s photograph issued by Government, Aadhar Card.

Address Proof – Passport / Voter’s Identity Card / Driving License / Latest Utility Bill (electricity, telephone, postpaid mobile phone, piped gas and water bill) / Property Tax Receipt / Bank or Post Office Savings Bank Account Statement etc.

Income Proof: For Salaried Individuals –

1. 3 Months Salary Slip for salaried employees or Salary Certificate
2. Copy of last 2 years Form 16 or IT Return
3. Bank Statement for the last 6 months of the Salary Account
4. Appointment / Confirmation Letter if current job tenure is less than 1 year
5. Any other documents if required

Income Proof: For self-employed individuals –

1. Copy of IT Return, Computation of Income, CA Certified Balance Sheet and Profit & Loss Account, Tax Audit Report,26AS, all for the last 2 years.
2. Bank Statement for the last 6 months of the Business Accounts
3. Office Address Proof
4. Copy of Degree Certificate in case of Professionals
5. Any other documents if required.

Business Proof: Certificate of Incorporation, MOA, AOA, GST Certificate, Partnership Deed Etc.

Bank Account statement

Sanction letter and loan track record of existing loans.

Financials of the associate companies if any.

List of Directors or shareholders duly certified by CA.

KYC of the promoter directors.

Business Profile.

Legal documents of the property to be given as security.

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Submit your Loan requirements by filling below application form

Business Loan

11%

Business Loan

Types of business loan

ELIGIBLITY CRITERIA

Last 2-3 years business financials.

Years in business and current level of business activity.

Nature of the industry the business operates in and how that industry has fared in recent times.

The current level of obligations of the company i.e. the other installments (EMIs), credit limits and other types of finance the company may have

The company's past credit history.

Documents Required

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