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

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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
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3S Business Advisors Private Limited

Andheri East, Mumbai, Maharashtra
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Call +91-8048719924
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97% Response Rate
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Product Details

Product 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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Working Capital Loan for New Business

Company Details


About the Company

Year of Establishment2006
Legal Status of FirmPrivate Limited Company
Nature of BusinessService Provider
Number of Employees51 to 100 People
Annual TurnoverRs. 2 - 5 Crore
IndiaMART Member SinceFeb 2007
3S Business Advisors was established in the year 2006 with a objective to provide best of business setup experience to foreign companies in India, with the objective to make their setup process easy to understand and execute, to enable them to efficiently start and manage their business in India. the management of the company consist of well qualified professional like chartered accountant with experience of more than ten year in the field of finance, legal and accounting services. the company has its head office in Mumbai (two offices) and has its branch in Delhi and Ahmedabad.
SR Corporate is one of the fastest growing consulting company with complete focus on foreign companies entering Indian market. We are one of the fastest growing companies to provide best and professional solutions to companies in India. further our experience in understanding the requirement of companies plays a very vital role in providing best and timely solutions to our clientele. we provide various legal, recruitment, financial and accounting solution to our clients viz. Setup of company, liaison office, branch office, factory setup, factory and manufacturing licensing, finding suitable manufacturing location.
Providing RBI and foreign investment compliance consultancy to companies. Acquiring necessary licenses to start business in India. our Major Markets are East Europe, North Europe, South/West Europe, Australia/NZ, East Asia, Middle East, South East Asia, Indian Subcontinent, Central America, South America, North America.
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