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Business Loans
Categories:
Lease Rental Discounting
Overdraft/Business Installment loan
Working Capital Loans
Vendor/Dealer Finance
Equipment & Machinery Loans
Vendor Bill Discounting
Export Finance
Import Finance
Lease Rental Discounting
(Loan Against Future Rent Receivables /Loan Against Rental Income )
Lease rental discounting offers immediate liquidity,
against commercial property, to lessors/ property
owners who have leased out their properties.
The product is aimed at providing Term Loan to owners
of commercial or residential properties who have let
them out to reputed companies Commercial, Industrial,
Software, Multinational Companies), Banks, Financial-
Institutions, Insurance Companies etc. on lease basis
thus having fixed rent receivables.
These receivables can be clubbed and discounted at
attractive rates.The property owners can then utilize
these funds for any purpose including meeting business
and personal needs for generating further assets,which
can yield higher returns for themselves. Further, the
funds could also be deployed for expansion of their
business activities. This will give a source to accelerate
the rotation of their funds.
Information evaluated in the product offering includes:
• Lessee details
• Lessor details
• Property profile including criticality of the premises for the lessee's
operations
• Deal structure and
•Cash flow pattern envisaged in the agreement(s)
The actual discounted amount will be determined after taking into account
factors like rent receivables during the unexpired period of tenancy,
tax deducted at source and other.
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Overdraft/Business Installment loan
As a Growing Entrepreneur,time is valuable for you.To expand
business you require money.Business loan is your easy access to
money.Banks provide overdraft or business installment loan with
faster turnaround time.
loans.
Overdraft:
Working capital as Overdraft facility
Validity of 12 months
Interest to be levied on the amount utilized
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Business Credit:
• Credit facility in the form of Term Loan / Business Installment Loan
• Payment in the form of equated monthly installments
• Repayment tenure of 12-36 months
• Plan and control your cash flows
Advantages
• Facility to deposit cash in the current account
• Online repayment facility
• Availability of local cheques
• Flexibility to open accounts at local branches
Eligibility
• Income Tax Payee
• Good business track record
• Comfortable business vintage
Documents Required
• Latest sales tax/VAT/service tax return
• Latest income tax return
• Bank statement
• Certificate of registration
• Proof of ownership: Title Deed, Municipal Tax/Municipal Charge Bill / Receipt, Property Tax Paid Bill
• Residence proof: Telephone Bill/ Electricity Bill, Driving License/ Valid Passport
• Identity proof: Driving license, Passport and PAN card
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Working Capital Loans
Managing finance is the most important component of any business.
Predominant business needs are access to funds at competitive rates
and managing the balance sheet as effectively as possible. .
However, there are ways by which you can enhance your eligibility.
- Banks offers you working capital finance by way of cash credit/working
capital demand loans suitably structured to your needs and your
risk profile.Banks also offers you Take Over Plus Top-Up of Working
Capital Loan in Mumbai
- Banks also offer facilities such as bank guarantees and Letter of
Credit at competitive rates
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Vendor Finance
- If you are a vendor to large Indian corporates,
Banks offers Bill Discounting services on bills drawn by
you on a company. Bills accepted by the company are eligible
for discounting under this scheme. Unlike Corporate Bill
discounting limit which is a limit to the corporate, this is
a limit to the vendor. Accordingly, limit is outside the banking
arrangement of the Corporate, and recourse is to the vendor.
Banks offer invoice discounting facility in case the corporate
is not willing to accept a bill of exchange
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Dealer Finance
-
Dealer Financing schemes offer short-term unsecured finance at reasonable
cost to selected dealers of large corporates, extended for procurement of
goods from corporates. These are commonly available on a non-recourse basis,
with corporate recourse available by way of First Loss Deficiency Guarantee
in some cases. The corporate provides non-financial comforts like Stop Supply Letter,
Assistance in Recovery & Resale while all payments due to dealer are to be routed
through banks accounts. Dealer financing can be structured as a Bill Discounting
or Overdraft Facility
.
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Equipment Finance and Machinery Loans
Equipment Financing Loans are a convenient, hassle-free way to procure the
equipment you need to make your business grow. Banks expertise and experience
in equipment financing simplifies the processes involved in getting you the
funds you need, whichever part of the country you may be in, and whatever the
nature of your business.
Working process:
Term loan parameters like tenor, interest and assessment parameters (feasibility, cash flow, etc.) are standardized.
Equipment manufacturer identifies credit worthy customers.
Bank conducts due diligence for validation.
Bank sanctions term loans & disburses net amount directly to the Company.
Bank & Company jointly monitor customer performance
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Vendor Bill Discounting
If you are a vendor with a turnover of Rs. 2 crore or more ,
Bank's Vendor Bill Discounting facilitates discounting for
supplies to large corporates made by you. This goes a long way
in meeting your working capital needs, and allows you access to
funds at competitive rates of interest.
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Export Finance
If you are an exporter, Bank's Export Finance services will go a long way
in facilitating the flow of your business. Banks offer both Pre-shipment
as well as Post-shipment credit in both Indian rupees as well as foreign currency,
tailor-made to suit the requirements of your business..
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Import Finance
Bank's Import Finance services provide you with structured and customized solutions
that draw upon our expertise and experience in the world of international finance
and cross-border transactions.
Arrange for short-term credit, (buyers credit and suppliers credit)
- Negotiate with overseas banks for better rates
- Issuance of Bank Guarantees
- Advance payment for imports
- Booking of forward contracts.
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