Project Loan For New Business

1.1 Lacs
   Delhi, Delhi
<i class='fa fa-inr rupee'></i> 1.1 Lacs
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SUMMARYPosted: 3 months ago

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DESCRIPTION

Project loan for new business is offered by various banks & financial institutions to financially support more & more self-employed which ultimately create a huge level of employment opportunities in India, whether it’s a new setup or existing business finance is a basis necessity of every business.

Project loan interest rate is much affordable starts from 7.50% onwards with flexible tenure facility comes along with it.

If you have a solid project plan then no one can stop you from getting a loan.

Project Loan Scheme-

Term loan facility are offered for existing business Under CGTMSE loan upto 2 Crore Upto 85% of project cost funded with minimum 25% margin Maximum repayment upto 10 years

What Banks check before financing a project?

When it comes to project funding, banks consider various points in terms of making sure that their funding project does have enough capacity to pay back borrowed amount within agreed time period without making any default.

Banks look at what type of products or services are offered, whether management are backend with high qualification & experience or not, what is their target segment to know it’s potential growth level & other financial parameters are considered. If all seems good then only back proceed further for funding.

What is the cost of Project?

Cost of project plays a crucial role in evaluating project loan, it estimates project projection. Significantly, the cost of project is based on calculating various circumstances like basic cost of land, building for plant & equipment, import & indigenous machinery & other preliminary and capital expenses.

Is working capital part of Project Cost?

Yes, working capital is an essential part of project cost where it compiles the gap between account payable and account receivable too estimate the overall project cost required to implement the project through project loan.

Working capital helps to differentiate between company\'s current assets and current liabilities.

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