SME loan

Small and medium enterprises are critical for the country’s economic and social development. SME is the biggest employment provider next to agriculture.

Access to financial services is vital for the SME sector to survive in any economy. SME Loan is offered to fund small and medium-sized enterprises. There are various banks in India that work hard to provide SME finance to small and medium enterprises.

FACILITIES OFFERED TO SME UNITS

  • Term loan or demand loan or deferred payment guarantee

  • Working capital through cash credit, overdraft etc.

  • Bill purchase or discounting

  • Export credit facilities

  • Foreign or Inland letter of credit

  • A standby letter of credit

SME Loan Eligibility Criteria

The following entities are eligible to avail SME loan:

1. Sole proprietorship firms/Partnership firms/Private limited companies/Public limited companies

2. Manufacturing, trading and service units

3. The firms must have made profits in the last two years

Terms and Conditions

This information is for customer knowledge and awareness. The final decision lies with the Banks and NBFC’s with regards to approval of the loan application.

Kindly contact +91 9972908696/+91 9972718696 or please visit the office for any queries or advise.

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