All Existing Business enterprises complied with applicable statutory requirements such as Udhyam registration, GST Registration, Licence under Shops & Commercial Establishment Act, Trade License etc and unit should be operation in last 3 years and should have earned cash profit at least in two preceding years.
Purpose
To provide working capital for building up of current assets.
To acquire fixed assets, plant & machinery needed for business purpose, capacity expansion and modernization.
To purchase/Renovate/Construct business premises / office/Godown/Shop/Unit etc.
To tide over liquidity mismatch.
To repay high cost debt ( Business loan of other Banks/FIs.
Facility
Term Loan, Overdraft (Reducible/Non reducible), Non fund based Limits (LC/BG) (sub limit)
Max up to 60% of Market value of Residential properties
Max up to 50 of Market Value of other than residential properties
Market Value can be considered only in case two valuation reports from different empanelled valuers is available. Lower of the market values as per valuation reports to be considered for LTV ratio.
