Corporate Finance Services
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Corporate Finance Services by us is made available to businesses (of any scale) that want to take the debt route to quickly ramp up their operations. We are a prominent Corporate Finance Services provider in Maharashtra, India. Under our Loan scheme, we take care of leasing equipment, tools, etc to avoid high expenses and to reduce the risks. In order to improve cash and liquidity, we offer working capital finance. Not only this, we also provide Loans against ESOP or IPO financing. Our Corporate Finance Services are obtainable from us at market-leading prices. Corporate Finance can be Sought for :Leasing equipment, tools, machinery or gen set purchase – to avoid high capital expenditure, and reduce risk of technology disuse (In case of IT and other technology-led companies), and asset acquisition at the end of the lease period.Term loans : Short or medium-term tailored to meet specific business requirements, and tide over temporary financial crisis.Working capital finance : To improve cash and liquiditySubscription to NCDs and CPs : That can subsequently be traded in the secondary market to raise capitalLoans against securities, ESOP or IPO financing : These are loans against specific market products.Dealer or vendor finance : To lend strength to the firm's supply chain and improve goods distribution. Other well-known methods of raising short or medium-term corporate loans with the assistance of Creditfina advisers are:Loans against property and other assetsThis is generally available for plant/factory modernization or new asset acquisition. This method of financing does not require any particular formality except that of creating a mortgage on the value of the assets against which the loan is taken.Discounting bills of exchangeThis method is widely used for meeting short-term finance needs. When the goods are sold on credit, bills of exchange are issued by the buyers. Instead of holding on to these bills till the date of maturity, companies can discount them with commercial banks on payment of a fee known as bank discount. The rate of discount is as set by the apex bank and this may change year after year. Bank overdraft This is another mode for meeting short-term capital requirements. Under this mode, a commercial bank may allow money to be drawn as advances for a specific time-bound period. This facility is granted to a company against the security of goods in stock, or promissory notes bearing a second signature, or other marketable instruments like Government bonds.
The Interest Rate : This varies with the mode of finance chosen, the bank, and the company’s size of operations, credit history and market standing. It is also determined by a bank’s base rate for fund-based facility.
The Eligibility : Based on the profit and years of business and cash flow, banks come out with their own eligibility criteria and the amount of loan they might be interested in disbursing to a business. They basically need the assurance that the borrowing business would be able to service the loan through its full tenure. That said, business loans are costly products, with the rate of interest varying between 17% to as high as 28% in case of some non banking financial institutes. The processing fee is between 2% to 3% for most banks and the sanctioned amount can be Rs 75,000 to Rs 40 lakh. Generally the eligibility criteria are :
Type of the business, i.e. Proprietorship, Partnership, Pvt. Ltd. or Public Ltd.
Turnover
Profit Statement
Cash flow status
Track record & nature of business
How to Apply : Just fill-up all the documentary requirements that may differ from bank to bank, else seek advice from a Creditfina loan advisor.
Equated Monthly Instalment : This will vary, depending upon the product chosen.
The List of Documents :
A proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
Bank Statements (Bank statement / Bank Passbook of last 6 months)
Latest Income Tax Returns along with computation of Income, Balance Sheet and Profit & Loss Account of the last 2 years
Partnership Deed/ Board Resolution.
Proof of number of years in business (Trade license/ Establishment or Sales Tax Certificate/ MOA/ Partnership Deed).
In addition, some banks may require :
Cash credit /Overdraft for meeting working capital finance requirement.
Letter of credit to facilitate trade.
Bank guarantees for meeting performance and financial obligations.
Term loans for purchase of commercial assets and business expansion needs.
Loan amount- upto Rs 10.0 million for working capital and capital expenditure needs.
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