Machinery loans are suitable for micro, small & medium scale manufacturing units. Which are in need of urgent capital to buy a equipment & also for increasing overall productivity.
Machinery loan allows you to finance the purchase of machinery & equipment essential for smooth operations of our business. It helps in purchasing of new machinery.
Machinery loans are a great way to acquire the latest machines for your production unit without any other security.
Business must be profitable for 2 consecutive financial years.
Income tax returns along with computation for last 3 years.
Audited financials for last 2 years.
All cc & current A/C Bank statements.
Sole proprietorship declaration or certificate copy partnership deed, cerified true copy of memorandum & articles of association.
Vat & Gst registration copies & vat and gst returns.
Top 5 creditors & debtors list.
Proprietor pan card/partnership firm pan card/pvt company pan card.
Machinery quotation copy.
Tenure: 3 to 5 years.