Apply For Small & Medium Manufacturing Business Loan

(Loan Starting from Rs 10 lacs to Rs. 25 Cr)

Working Capital Loan, Plant & Machinery Loan for Small & Medium Scale Manufacturing Business in India

(Loan From Rs. 10 Lacs to Rs. 25 Crores at Attractive Interest Rates)

Manufacturing business is always in need for funds for various purposes. It can be either be for working capital loans to meet day to day operational expenses, upgradation of machines, to meet increased work load or to purchase new plant and machinery. With our 10+ years of expertise in SME Finance, we understand needs of Manufacturing business thoroughly & we are better equipped to extend customized solutions for our clients. We arrange working capital loans up to Rs. 25 Crores for our clients in manufacturing business, from our lending partners, with the help of this technology enabled platform.

Following loans are available for Small & Medium Enterprises in Manufacturing :
  • Secured Working Capital Loan up to Rs. 25 Crore
  • Unsecured Working capital loan or business loans up to Rs. 3 crores
  • Plant & Machinery Loans, also called SME Loans, up to Rs. 25 crores.
  • Loan for purchase of new or Refurbished machinery without security up to Rs.5 crores.
  • Collateral Free Loan against machinery, purchased within 12 months, up to Rs. 5 crores.
  • Mortgage loans against all types of properties like Industrial, Commercial, Residential, Warehouse, Cold storage, Plots etc, up to Rs. 25 crores.
  • Property Purchase loans up to Rs. 25 crores.
  • Loan against rental income from leased properties, also called Lease rental discounting (LRD) up to Rs. 50 crores.
  • Refinance and Debt consolidation loans up to Rs. 25 crores.
  • Bill discounting loans up to Rs. 25 crores.

1) Secured Working Capital Loan for Manufacturing business

A working capital loan is availed by manufacturing industry to finance everyday working of a business as well as to meet the short term gap between accounts receivable & accounts payable to vendors. This gap or time period between payment receivable from customers & payment given to suppliers is called as working capital gap. Lower the gap, better is the financial health of the business. Working capital loans are also availed by business to cater seasonal variations in sales like picking up of sales in festival time. Secured working capital loans are backed by property collateral as well as stock of raw material and finished goods. It is given by banks in form of cash credit, overdraft, term loans, line of credit etc. Short term Working capital demand loan (Wcdl) is also the form of this loan availed by manufacturing industry. Time required for sanction of such secured working capital loans are 15-25 working days.

2) Unsecured Working capital loan or Business loan

Unsecured business loans or working capital loans without security are loans provided by banks & financial institutions (mostly private) to small and medium enterprises, only on the financial assessment & credibility of the business. No property collateral is required. We arrange unsecured business loans for small & medium enterprises from Rs.10 lacs to 3 crores. These funds can be used for any purpose of the business.Time required to arrange such unsecured loans is 3-10 working day.
Get more details on "Unsecured Business Loans".

3) Plant & Machinery loan

Plant & machinery loans are required by small & medium enterprises when it plans for expansion of business. Machinery loans are normally used by them for enhancing existing production capacity or replacing old machinery with new machinery. Machinery equipments are the most important assets for all manufacturing firms as it determines the amount of goods that can be produced and determines production cost of the goods. Timely upgrade & maintenance of machinery ensures that the business stays competitive and profitable. Machinery loan can also be used by firms for expanding business in new vertical. We assist manufacturing business by arranging loan against existing plant & machinery or to buy new plant & machinery up to Rs. 25 crores. Time required for sanction of these loans are 15-20 working days. Loan to purchase new machines without additional security is also available up to Rs. 5 crores and can be availed within 7-10 days.
Get more details on "Plant & Machinery Loan".

4) Mortgage loans for Manufacturing Business

Loan against property also called as LAP loans or Mortgage loans, is secured loan offered by banks & financial institutions against mortgage of your property. It is the best option to unlock high potential of property to raise finance. This mortgage loan can be availed against various types of properties like Industrial, Commercial, Residential, Plots, warehouse, Cold Storage etc, either owned by business or any of the promoters. Each property will give different loan amount, depending upon its - type, usage & current market value. The best part of this loan is that you are not required to physically hand over the property to banker after mortgage, but you can still keep its possession. Only original documents of the property are taken in to custody by banks. Financial loan eligibility will be based on your business income & it will play important role in loan sanctions. Finance availed under mortgage loans can be utilised for business expansion, purchase, working capital etc. We arrange mortgage loans for manufacturing industry from Rs 25 lacs to Rs. 25 crores & time required for sanction is 7-15 days.
Get more details on "Mortgage Loans".

5) Property Purchase loans for Manufacturing business

For every manufacturing business, having self owned industrial shed is more profitable than rented shed, when long term business viability is considered. Also, higher fixed assets for a company are useful for claiming higher depreciation, which results in lowering tax burden. In today's scenario, many financials institutions & private banks are ready to fund purchase of industrial property, including industrial land & shed. At, we arrange loans from Rs. 25 lacs to Rs. 25 crores for purchase of all types of properties like Industrial, commercial, Office, residential, warehouse etc. Properties, which are purchased for investment purpose (further lease out), can also be financed through & time required for sanction is 10-15 days.
Get more details on "Property Purchase Loans".

6) Lease Rental Discounting Loans

Lease rental discounting LRD loan, is comparatively easy way of obtaining finance from banks & NBFCs. This loan is sanctioned based upon the future monthly rental income over a period of time and market valuation the property offered as collateral. It is the consideration between the borrower who owns the premises, the tenant who has taken the said premises on lease and the bank or financial institution which is willing to finance against rent. gives you easy access to LRD loan through highly simplified online application form, online documentation & easy loan process for loan from Rs. 25 lacs to Rs. 50 crores & time required for sanction is 7-15 days.
Get more details on "Lease Rental Discounting Loans".

7) Refinance of Existing loan to reduce obligation & get Top up

When the cash flow of manufacturing business does not match with repayment schedule, it becomes difficult to repay the loan on time. Sometimes, existing banker can not support manufacturing firms for requirement of extra loans. In such situations, small & medium enterprises can refinance their existing loans, by takeover for higher tenure (10-15 yrs) with lower rate of interest. It will help them to reduce repayment 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. Refinance by new finance institution for 12 years with lower interest will give new obligation of Rs.1 crores per year plus interest. Time required for sanction of such loan transfer is 10-20 working days.

8) Debt Consolidation of various ongoing loans in to one loan

If the business has many loans going on (Project loans / Unsecured Loans /Machinery Loans) of different amounts and different tenures, consolidation all these loans in one loan for easy repayment and possibly making some properties free, is the lucrative option. Also, with such consolidation, repayment obligation can also be lowered & business will save on interest cost. Time required for such loan consolidation is 15-30 working days.

Documents Required for finance proposal of manufacturing Units :
  • 3 Years Audited Financials with IT Return, Computation & Detailed Audit Report
  • Last 12 months bank Statements
  • Existing Loan Sanctions letters & Loan Statements
  • MOA/AOA/Partnership Deed
  • KYC of Firm & Directors/Partners
  • Property Documents (if applicable)