At SMEFUNDINGS.com, we arrange various Loans for Distributors / Dealers /Traders up to Rs.100 Crores, from our lending partners. With our 10 years plus expertise in Finance, we understand needs of trading sector well & we are better equipped to extend customized solutions for our customers in this field. Along with arranging fresh loans for Distributors / Dealers /Traders ,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 Distributors / Dealers /Traders In secured finance, we arrange finance against collateral security like- Residential / Commecial Property, Plots, Industrial Property, Warehouse etc.
1) Arranging fresh Term loan / Cash Credit /Overdraft :
2) Second line of Credit :
Is your business growing but your bank is not enhancing your working capital (CC) limit ? Do you wish to create option to your existing bank's limit, without disturbing relationship with it? We have a solution for you. We can arrange additional “Secondline Overdraft ” for you without hypothecation of your stock or work in process (WIP). Also, we will NOT require NOC from your existing banker. This overdraft will be secured against any collateral security. Processing Time will be 15-20 days
3) 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 Trading businesses 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.
4) Transfer high interest loan to low interest loans:
We help Distributors / Dealers /Traders to transfer its high interest loans to with low interest loan. It will help them to save interest drastically.
5) 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, Distributors / Dealers /Traders will save on interest cost.Time required for such loan consolidation is 20-30 working days.
6) 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.
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.