Short Term Loans
This type of loan is used in counteracting shortfall or mismatch in liquidity, when there is a bridge in working capital during the course of business operation.
Companies that fall under Micro, Small and Medium Enterprises with annual revenue standing at Rs. 150 crores
Credit rating needs to be satisfactory
Audited financial report done within the past 3 years
Solid sales, revenue and profit performance
Size of loan:
As much as 25% of available working capital (This will depend on Credit rating). The minimum is Rs. 10 Lakhs, while the Maximum is Rs. 500 Lakhs.
Repayment period spans between 12 to 36 months.
Security for loan can be fixed assets of the company.