MSME LOAN
Link For Loans offers two types of MSME loans: GST-based unsecured MSME overdrafts and MSME working capital overdrafts. The GST-based unsecured MSME overdraft is a flexible line of credit that allows businesses to access funds based on their GST turnover. This type of loan is unsecured, meaning it does not require collateral. The MSME working capital overdraft is another financing option designed to help businesses manage their day-to-day cash flow needs. This overdraft can be secured or unsecured, depending on the borrower’s financial profile and the lender’s requirements. Both types of loans offer businesses a convenient and accessible way to finance their operations and growth.
- No financial statements required
- Limit basis GST returns and statistical score
- Instant in-principle eligibility
- Digital processing of limits
- Simple assessment norms
- Dedicated business banking specialist
- Accepted Collateral
- Residential/Commercial/Industrial property and Fixed Deposits
- KYC of Applicant/Guarantors (Aadhar card, Pan Card, Voter Id, etc)
- Constitution supporting documents (Partnership Deed, MOA, AOA, GSTIN etc.,)
- Udyam Registration Certificate, Copies of statutory licences, pollution certificates, other approvals if any.
- Latest three years audited financials with all the schedules, 3CB & 3CD, Notes to accounts & Provisional for last year if ABS is not finalized
- Estimated/projected financials for next two financial years in case of working capital/CMA
- Estimation/Projection for entire tenor of the loan with DSCR in case of Term loan
- Estimated Cash flow statement for 12 months in case of service providers.
- Security details like location, nature of property, copy of deed, approval details, tax paid details etc.
- Details of orders in hand (contract orders, service providing contracts, etc.,)
- Agreement details (in case of transport operates like IOCL, HPCL, etc)
- Details of plan approvals /Estimated cost of construction/ CA certified Capital infusion certificate with UDIN (in case of CRE-TL)/ Detailed project report covering all the aspects of the project. Project cost vetted by our panel valuer in case of PTL-CRE.
- Tax invoice/Chartered Engineer certificate (in case of reimbursement)
- Details of lease deed/lessee details (in case of rent fin) Copy of lease deed in case of unit operating in leased premises.
- Statement of accounts for the past 12 months for working capital, term loan and current account with other FIs.
- Details of pro-forma invoice/ quotations in case of Machinery/TLO, etc.,
- Latest sanction copy of the applicant existing banker in case of takeover.
- ITR of partners/Directors /Guarantors with their latest CA certified net worth statement.
- Other details to be obtained from the Borrower
- Business model i.e, about the business process, unit details, Capacity of unit (if manufacturing) branches/good own, manpower details, location of unit etc.\
- Profile of promoters like education, experience line of activity.
- Details of group concerns along with their latest two-year financials.
GST based unsecured MSME overdraft
Grow your business with ease. Access funds based on your GST turnove
A GST-Based Unsecured MSME Overdraft, provided by Link For Loans, is a flexible funding solution designed for small and medium-sized enterprises. This facility allows businesses to access quick, short-term credit based on their GST turnover, without the need for collateral. It offers a convenient way to manage working capital needs and support business growth.
Key Features of GST based unsecured MSME overdraft
- Flexible access to funds: Businesses can draw funds as needed to meet their working capital requirements.
- No collateral required: The loan is unsecured, eliminating the need for businesses to pledge assets as security.
- Quick and easy application process: The application process is streamlined for a hassle-free experience.
- Competitive interest rates: Link For Loans offers competitive interest rates tailored to the needs of MSME businesses.
MSME Working Capital Overdraft
Fuel your business growth with our flexible MSME Working Capital Overdraft
An MSME Working Capital Overdraft, offered by Link For Loans, is a flexible funding solution designed to meet the short-term working capital needs of small and medium-sized enterprises. This facility allows businesses to withdraw funds beyond their available balance, up to a pre-approved limit, to manage day-to-day expenses, purchase inventory, or meet payroll obligations.
Key Features of MSME Working Capital Overdraft
- Flexible Access: Businesses can withdraw funds as needed, up to the approved credit limit.
- Minimal Documentation: The application process is typically streamlined, requiring minimal documentation.
- Competitive Interest Rates: Link For Loans offers competitive interest rates on MSME working capital overdrafts.
- Secured or Unsecured: The overdraft can be secured or unsecured, depending on the borrower's financial profile and the lender's requirements.
