At SMEFUNDINGS.com, we arrange Loans for - Setting up new Hospitals,Nursing Homes, Diagnostics Labs etc OR expansion of existing hospital, Purchase of medical equipements, up to Rs.100 Crores, from our lending partners. With our 10 years plus expertise in Finance, we understand needs of medical sector well & we are better equipped to extend customized solutions for our customers in this field. Along with arranging fresh loans for hospitals,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 Hospitals/ Diagnostic Labs / Practicing doctors.
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 Hospitals / Clinics 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 12 years with lower rate rate of interest. Hence new obligation will be Rs.1 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 Hospitals / Clinics to transfer its high interest loans to a financier with low interest loan. It will help the them to save the interest drastically.
4) Consolidation of many loans in to one loan
If you have many loans going on (Project Loans / Unsecured Loans /Equipement 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, hospitals 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 Hospitals for requirement of extra funds. 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) Convert term loan into line of credit / Overdraft
We arrange line of credit /Overdraft facility for Hospitals, which works similar to cash credit. In this facility, Hospitals can withdraw funds as well as deposit funds in the loan account. It will help them to park its surplus funds in OD to reduce interest drastically. Also it will not be required to go to banker, for small requirements of funds, every time.Time required for arranging Line of credit for is 30-40 working days.
7) Unsecured loans for Hospitals / Diagnostics Labs /Clinics
We arrange unsecured loan (without any property collateral) for Hospitals 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.