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S. R. Corporate Services Private Limited
S. R. Corporate Services Private Limited


Unsecured Loan - CGTMSE

The company equally is strong in providing the financial solutions to various SMEs in India through various financial institution and Banks. Our Financial solution products have a wide range for various business needs.

In general, project finance covers green field industrial projects, capacity expansion at existing manufacturing units, construction ventures or other projects. Capital intensive business expansion and diversification as well as replacement of equipment may be financed through the project term loans.

Unsecured Loan - CGTMSE

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Unsecured Loan - CGTMSE
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Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

 

Basic features of the scheme are as follows.

 

  • All micro and small enterprises covered under MSMED act 2006 includes small road and water transport operators, small business, professionals and self employed persons and all other service enterprises under the ambit of MSE loans for retail trade, educational training institutions and self help group are not eligible.

 

  • Maximum loan coverage of Rs. 100.00 Lakhs.

 

  • Mode – Working Capital and/or Term Loan

 

  • No collateral security/third party guarantee is required except equitable mortgage of fixed assets shown in firms name in its balance sheet

 

  • Guarantee fees to be paid to CGTMSE trust is 1.50% of loan amount sanctioned for the 1 year.

 

  • Annual service fees from second years onwards, there is a annual service fees of the loan amount sanctioned payable every year.
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Bill Discounting Facility

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Bill Discounting Facility
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Bill Discounting is structured working capital finance solution that includes finance against receivable / Book Debts of your company. So it allows you to convert your accounts receivable / Book Debts into cash and thereby cash generating potential of your business.

 

Basic Requirement of Bill Discounting Facility

 

  • Facility given to all entities like Proprietorship , Partnership Firm, Companies.
  • Entity should be in operation since last three years
  • Entity should generate profits in last two years.
  • Entity should have positive net worth.
  • Turnover shall be at least 10 Cr
  • Minimum Application should be of at least 1 Crore

 

Benefit of Bill Discount Facility

 

  • Enables 80 - 85% Cash Against your invoices instantly
  • More sales , More better cash flow position
  • You can offer better prices by offering more credit period
  • No Collateral Required
  • Interest only on the actual funds used by you.
  • No effects on existing limits

 

 

 

Yes! I am Interested

Factoring & Bill Discounting

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Factoring & Bill Discounting
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Factoring

 

Factoring is a flexible alternative to traditional forms of funding. It allows you to respond quickly to changes in market conditions and matches your cash flows with your business requirements, thereby facilitating increased production and sales. It is also a financial option for the management of receivables. In simple definition it is the conversion of credit sales into cash. In factoring, a financial institution like Bank (factor) buys the accounts receivable of a company (Client) and pays up to 80% (Some time Up to 90%) of the amount immediately on agreement. Factoring company pays the remaining amount (Balance 20%-finance cost-operating cost) to the client when the customer pays the debt to Factoring Company on due dates. Collection of debt from the customer is done either by the factor or the client depending upon the type of factoring. The account receivable in factoring can either be for a product or service. Examples are factoring against goods sold, factoring for construction services (usually for government contracts where the government body is capable of paying back the debt in the stipulated period of factoring. Contractors submit invoices to get cash instantly), factoring against medical insurance etc.

 

Target / Eligibility

 

  • Proprietorship Firm, Partnership Firm & Private Ltd / Limited Company
  • Minimum 3 years track record with turnover at least 10 Crore.
  • They should have good rated customers with 6 months track record with applicant firm
  • Entire transactions of those customer would be routed thru factoring bank only.

 

Type of Finance

 

  • Domestic Factoring : For open account credit sales of goods and services made within India. Services offered primarily comprise of funding, sales ledger administration and collections.

 

  • International Factoring : For open account credit sales of goods and services to overseas buyers. Services offered primarily comprise of funding, credit protection, sales ledger administration and collections

 

Quantum of Finance

 

  • Minimum 1 Crore
  • Maximum 34 Crore

 

Banker

 

  • SBI Global Factors Ltd
  • Canbank Factors
  • IFCI Factors

 

Security

 

  • Primary security would be second charge on current asset.
  • No Collateral required

 

Interest rate

 

  • Interest rate ranges from 13.50% to 15%

 

Special Feature

  • Usually the period for factoring is 90 to 150 days. Some factoring companies allow even more than 150 days.
  • Factoring receivables is an ideal financial solution for new and emerging firms without strong financials. This is because credit worthiness is evaluated based on the financial strength of the customer (debtor). Hence these companies can leverage on the financial strength of their customers.
  • Bad debts will not be considered for factoring.
  • Credit rating is not mandatory. But the factoring companies usually carry out credit risk analysis before entering into the agreement.
  • Factoring is a method of off balance sheet financing.
Yes! I am Interested

 
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Call Us: +91-8079453994
S. R. Corporate Services Private Limited
Manoj Karnani (Promoter)
No. 617, C Wing, No. 215, Atrium, Andheri Kurla Road, Near Courtyard Marriot Andheri East,
Mumbai - 400093, Maharashtra, India
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