At SMEFUNDINGS.com, we arrange various Loans for Manufacuturing Units up to Rs.100 Crores, from our lending partners. With our 10 years plus expertise in Finance, we understand needs of Manufacuturing sector well & we are better equipped to extend customized solutions for our customers in this field. Along with arranging fresh loans for manufacturings units ,we are also expert in “Officially Restructuring” existing Debt / loans to reduce repayment burden. We also arrange Unsecured business Loans up to Rs. 5 crores for manufacturing units.
1) Arranging fresh term loan /overdraft :
2) Official restructuring of existing loan to reduce obligation
When the cash flow of business does not match with loan repayment schedule, it becomes difficult to repay the loan on time. In such situations, we can help manufacturings firms by “official restructuring” of existing loan for higher tenure (12-15 yrs) with lower rate of interest. It will help them to reduce per Month loan obligation, without affecting credibility. For example: Current outstanding of the loan is Rs. 12 crores, to be repaid in next 3 years i.e. Repayment obligation is Rs.4 cr per year plus interest. We can transfer this loan to other finance institution, for 10 years with lower rate rate of interest. Hence new obligation will be Rs.1.2 crore per year plus interest. This new loan can also be Pre-closed in future, if cash flow improves.Time required for such loan transfer is 20-30 working days.
3) Transfer high interest loan to low interest loans
We help manufacturings firms to transfer its high interest loans to with low interest loan. It will help them to save interest drastically.
4) Consolidation of many loans in to one loan
If you have many loans going on (Project loans / Unsecured Loans /Machinery Loans) of different amounts and different tenures, we can arrange to consolidate all these loans in one loan for easy repayment and possibly making some properties free. Also, with such consolidation, manufacturing firms will save on interest cost.Time required for such loan consolidation is 20-30 working days.
5) Top up on existing loan
Sometimes, due to some reasons, existing banker can not support manufacturings firms for requirement of extra loans. In this case, we can help them to transfer the existing loan to new financer with top up amount on existing loan, without taking additional security.
6) Loan for purchase of Equipements
We also arrange Collateral free equipment /Machinery loans for Manufacturing units, for purchase of various equipments. These loans are available maximum up to 90% of invoice cost of equipements.
7) Unsecured loans for Manufacturings Units
We arrange unsecured loan (without any property collateral) for manufacturings from Rs. 50 lacs to 5 crores. These funds can be used for any purpose of the business & is available for businesess which has minimum stability of 3 years. Time required to arrange such unsecured loans is 5-10 working days.