How Machinery Refinancing Can Fuel Business Growth?

 

Machinery Refinancing

In today's competitive landscape, staying ahead requires constant innovation and efficiency. For many businesses, particularly those reliant on machinery, this often translates to acquiring the latest equipment. Machinery loans offer a powerful tool to achieve this. However, a potentially overlooked opportunity exists which is Machinery Refinancing.

What is Machinery Refinancing?

Machinery refinancing is a financial strategy that allows businesses to leverage their existing equipment to potentially improve their cash flow and business operations. It can be defined in two perspectives. 

1. One, where there is no loan on the machine - in this case, the machine itself will stand as the collateral and the funding can be arranged against it. 

2. The second one - is in a condition where the machine is mortgaged with any other financial institution with unfavourable terms or with low exposure. In this case, the funding can be arranged by taking over the loan from the existing lender and adding extra exposure. Here the loan-to-value ratio may vary. 

This can translate to lower interest rates, extended repayment schedules, or even securing additional funds for unexpected upgrades.

Learn how Machinery Loans help in Business Growth.

Benefits of Refinancing Machinery:

⦁ Reduced Costs

Introducing the new lender by taking over the existing machine will always help in term of reducing the cost. Cost in terms of interest rate, some bullet payments, increased tenure etc. 

⦁ Lower interest rates

Lower interest rates free up significant capital that can be redirected towards growth initiatives like marketing, hiring, or expanding your product line.

⦁ Improved Cash Flow Management: 

Generally, the tenure of a machine loan will be around 36 to 60 months. However, wherever we replace the existing lender, we can get an extension in the repayment tenure. So higher the tenure, the lower the cash outflow. And lower the cash flow for EMI (interest + Principal ), the higher the support to working capital.

⦁ Unlocking Additional Capital: 

In some cases, refinancing can allow you to access additional funds for minor upgrades or maintenance on your existing machinery, maximizing its lifespan and productivity.

⦁Enhanced Financial Flexibility: 

Whenever the promoters of the company /firm take up the new machine, the machine will have its own capacity to absorb the raw material. So when there is new/additional machinery you always should have the additional working capital. Then only the machine can be used at its capacity. Mortgaging the machine and getting the funds against it will always help to maintain a good financial position. 

The Case for Machinery Refinancing

For manufacturers and industrial businesses, machinery is a fundamental asset for production. However, financing this equipment can create long-term debt obligations. Machinery Refinancing offers a strategic approach to managing this debt and unlocking potential financial benefits.

Imagine a scenario where a company secures a machinery loan at a specific interest rate. Over time, market conditions may change, leading to lower prevailing interest rates. Refinancing allows the company to replace their existing loan with a new one from a different lender, ideally offering a lower interest rate and potentially more favourable terms. This can significantly impact a company's financial health.

Learn through a case study on how to get a machinery loan at Terkar Capital.

Before You Refinance:

Refinancing isn't a one-size-fits-all solution. Here are some key considerations:

⦁ Loan Terms: Carefully analyse the new loan's interest rate, repayment schedule, and any potential fees. Ensure the long-term benefits outweigh the short-term costs of refinancing.

⦁ Market Rates: Shop around and compare offers from multiple lenders to secure the most competitive rates.

⦁ Prepayment Penalties: Some existing loans may have prepayment penalties. Factor this into your calculations to determine if refinancing is truly advantageous.

Conclusion:

By strategically leveraging Machinery Refinancing, businesses can unlock the hidden potential within their existing equipment. The additional capital and improved cash flow can fuel growth initiatives, enhance efficiency, and ultimately propel your business forward. 

⦁ Remember, consulting with a financial advisor can provide invaluable guidance throughout the refinancing process. So, don't let your existing machinery loan hold you back. Explore machinery loan and refinancing options with Terkar Capital and unleash the full growth potential of your equipment!

A Guide to Tailor-Made Loans for CAs, CSs, and Healthcare Professionals

 

A professional loan is a type of financing specifically designed to help professionals, such as chartered accountants, company secretaries, and medical professionals (doctors), grow their practices. Let us take a closer look at an example to understand how this works.

Purvi has been practising as a chartered accountant for more than five years. Her client base is growing and many more are approaching her since she has a strong hold on her practice and she was able to build a positive reputation among her existing client base. Now, she wants to hire more personnel to accommodate the growth of her clients. She therefore desires to expand her practice. Because of this, she intends to apply for Tailor-made financing for professionals to open a larger office that can meet all of her financial needs.

So, If you are a CA, CS, or healthcare professional looking to expand your business, there are tailored financing options available to meet your specific needs. These options can help you get the funding you need to take your practice to the next level.

Key Benefits of Professional Financing

Attractive Interest Rates

Professional loans are often offered at competitive interest rates, which means you can borrow maximum funding at a lower interest rate. This makes them a more affordable option for consumers than other unsecured loans. If you have a credit score of 720 or higher, you can easily qualify for a loan with favourable terms.

Loan Amount

They might range in size from 25 lakhs to 2 cr and beyond. Your qualifications, Year of practice, Financials and professional profile will determine this. 

Easy approval and basic documentation

Applying for professional financing is a straightforward process that requires less documentation. Instant disbursement ensures that you have the funds you need when you require them the most.

Application Process

You can apply for a professional loan online without having to visit a bank. Almost all financial institutions now allow you to submit an online loan application. However, you can connect with executives at Terkar Capital who can help you simplify your efforts to secure the necessary funding.

Get funds without any collateral

Professionals are able to apply for funding without having to provide any collateral. 

Flexible repayment plan

It is popular because of their flexible credit terms. In accordance with your comfort level and ability to repay, you can budget and select the duration. The repayment period may be anything from 12 to 96 months.

When requesting a professional financing, it would be prudent to keep in mind that the terms and conditions may vary amongst lenders. Before they disburse the loan, they could have requirements like a minimum wage, employment experience, age, credit score, etc.

Eligibility for Professional Financing

• The application requires a minimum annual income of 1 lakh INR and two years of profitability. 

• The applicant must be a self-employed professionals

• The applicant must have been in practice for at least three years.

• The applicant should be in the age group of 25 to 65 years.

• The borrower is eligible for a professional loan related to the following capacities:

• Sole Owner(Proprietory firm)

• Registered Partnership Firm

• Private Limited Company

• Small and medium hospitals/nursing centres, pathological labs, and diagnostic centres.

Documentation required for Professional Financing

Business proof – Practice Certificate, Partnership Deed (in case of partnership firm), Degree Certificate. (In the case of a private limited company) Shop Act Licence (only for Maharashtra), MOA, AOA.

Address proof – Aadhaar card, passport, Sales deed, Driving Licence, Ration Card, Telephone Bill, Electricity Bill, or Property Purchase Agreement (If the purpose of the loan is to purchase a property).

Photo Identity proof –  It includes an Aadhaar card, passport, driving license, voter ID, and PAN card.

Income Proof – It includes Bank statements of the previous six months to check your present-time financial position, the latest filed ITR, and audited financials (including the balance sheet and profit/loss account for the previous 24 months).

How to apply for Professional Funding?

The requirement of immediate funds is crucial for any business or profession to thrive, however, availing funds for your business is a complex and time-consuming process.

Hence, Terkar Capital and our team of experts can be a great help to you. We understand that you need assistance to reach your financial goals, and we offer no-collateral funding to professionals from banks and NBFCs. Our funding solutions and loans are designed to be flexible and cost-effective. Additionally, our professional financing offers a variety of attractive benefits, such as quick disbursement, a flexible repayment schedule, and no foreclosure fees.

Why Terkar Capital for professional funding? 

We are investment bankers who offer tailor-made financing for professionals and take a client-centred approach. We provide fast turnaround time and collaborate with all major debt players in the Indian economy. At Terkar Capital, we specialize in finding the financial instruments that work best for professionals or businesses of all sizes.

Conclusion

Professional financing is a great option for professionals who look for growth, buy equipment, or expand their operations. They are availed with competitive interest rates, substantial loan amounts, easy processes, collateral-free funding, and flexible repayment options. Hence, Terkar Capital is a reliable resource for professionals seeking tailor-made financing solutions.

A Guide to MSME Loans for New Business: Advantages, Eligibility and Application Process

The Micro, Small, and Medium Enterprises (MSME) sector is a key driver of economic growth in India. So, financing the MSME sector for new business helps a country grow. MSME loans, for that matter, are a financial instrument designed to meet the needs of existing or new businesses classified as MSMEs. These loans can be used as a source of working capital, expansion, technology adoption, and more. 

We will provide here an overview of the secured/unsecured financing options, including the eligibility requirements, and the application process.

Advantages of MSME loans

MSME loans are available to businesses of all types and sizes, making it easy for entrepreneurs and new businesses to get the funding they need. It offers high loan amounts and flexible repayment terms, and they have competitive interest rates (ROI).

Msme loans for new business without collateral

Getting an MSME loan without collateral can be challenging, However, there are options available that cater to the specific needs of startups and small businesses. Here are some insights for obtaining an MSME loan for a new business without collateral:

Government Schemes:

Many governments offer specific schemes and programs to support MSMEs, including loans without collateral. CGTMSE is one such government-backed scheme tailored to meet specific requirements of MSMEs. Hence, we explore various government initiatives designed to promote entrepreneurship and small business development.

• Credit Guarantee Funds:

Some financial institutions provide collateral-free loans to MSMEs with the support of credit guarantee funds. These funds act as a guarantee for the loan in the absence of collateral, making it less risky for lenders.

• Start-Up Loans:

Financial institutions and government agencies often have special loan programs for startups with good financial ratios. These loans may not require collateral, but they may have specific eligibility criteria related to the startup vintage, the nature of the business and others.

• Non-Banking Financial Companies (NBFCs):

NBFCs are more flexible than traditional banks and may be willing to provide unsecured loans to MSMEs. However, interest rates might be higher compared to secured loans.

• Microfinance Institutions:

Microfinance institutions specialise in providing financial services to small businesses and entrepreneurs, often without the need for collateral. They focus on supporting the growth of micro-enterprises.

For businesses with collateral

Securing MSME loans with collateral has its challenges. However, it provides a valuable avenue for obtaining the financial support needed to get your business off the ground. So, one effective strategy is to consider pledging collateral when applying for these loans. 

By offering property or equipment as security, businesses not only enhance their chances of loan approval but also stand to benefit from more favourable interest rates. This approach is a wise and sensible way to secure funding, aiding your business growth. Terkar Capital stands out as a reliable firm to explore MSME loans with collateral, ensuring a seamless and supportive path to business growth.

Eligibility Requirements

To be eligible for an MSME loans, you must meet the following requirements:

• Citizen of India

• at least 3 years of business continuity.

• Healthy credit history when opting for unsecured funding

• Or sufficient collateral when secured funding

These are typically offered for terms of 1 to 5 years. The interest rate on an MSME loan will vary depending on the lender and the creditworthiness of the borrower. 

Application Process

Here is Terkar Capital’s process to avail MSME loan

• Understanding the client’s requirement

• Financial SWOT analysis

• Documentation

• Soft approval from a financial institution

• Actual submission of documents

• Disbursement

• Funding as required

Conclusion

MSME loans can be a great way to finance your business growth. So, at Terkar Capital We make sure that, by following the necessary steps, you can increase your chances of being approved for an MSME loan and getting the funds you need to scale or grow your business.

  

 

 

 

Revolutionize the Healthcare industry with Cutting-Edge Medical Equipment Financing Solutions

 

Medical Equipment Finance

In today’s rapidly changing healthcare industry, staying ahead of the competition often requires significant financing for cutting-edge medical equipment. For hospitals looking to expand their services and improve patient care, it is essential to have access to the right financial resources. So, Terkar Capital is here to help, providing customized solutions to meet the needs of healthcare or medical equipment finance for hospitals in India.

Eligibility Criteria

It is important to understand the eligibility criteria before the application process.

Terkar Capital provides medical equipment financing to a variety of healthcare entities, including hospitals, clinics, diagnostic centres, and medical professionals. So, to be eligible for medical equipment financing, healthcare institutions must demonstrate a stable financial history, a viable business plan, and the ability to repay the loan. Our financial experts work closely with healthcare professionals to ensure a smooth eligibility assessment process.

Get up to 15 cr doctors funding for clinical setup with ROI as low as 10.5% PA.

Benefits of Medical Equipment Finance

Obtaining medical equipment financing from Terkar Capital can provide you with a variety of advantages. 

One of the main benefits is that you can preserve your capital. Instead of depleting your reserves to purchase expensive medical equipment outright, you can keep your funds for other essential aspects of your healthcare business, such as hiring skilled personnel or expanding your facility. Furthermore – 

• We offer competitive interest rates

• Flexible repayment terms

• Equipping healthcare ventures with state-of-the-art equipment helps to foster growth and innovation within the industry.

To learn more about professional loans for doctors, please click here.

Medical Equipment Financing Process

Terkar Capital’s application process is designed to be hassle-free and efficient. The process starts with a consultation with our experienced financial expert, who does the financial SWOT analysis to assess your needs and financial situation. Once your eligibility is confirmed, the team helps you choose the most appropriate financing options that meet your requirements.

Terkar Capital streamlines the documentation process by guiding you through the paperwork and ensuring all necessary documents are in order. Our team works diligently to expedite the approval process so that you will promptly get the loan against the medical equipment you need.

Conclusion

Medical equipment finance at Terkar Capital is more than just a financial solution; it is also a catalyst for business growth and innovation in the healthcare industry. By understanding the eligibility criteria, embracing the benefits, and following the streamlined application process, healthcare ventures can unlock new opportunities, enhance patient care, and drive their businesses to new heights. 

Contact Terkar Capital today and take the first step towards a brighter, more prosperous future for your healthcare industry.

Empowering Medical Professionals with Terkar Capital's Financial Options

 

Loans for Medical Professionals

 

In a country like India with billions of people, the value of a doctor or other medical professional is off the charts. The demand for medical services is essential, but unfortunately, financial constraints often limit their practice expansion and prevent them from meeting the healthcare needs of the vast majority of people. At Terkar Capital, we strive to bridge this gap by providing Loans for Medical Professionals / Doctors to fulfil their noble mission.

 

We will ensure that funding is not a problem in meeting the needs for practice expansion, increasing bed capacity, purchasing medical equipment, hiring staff, financing new setups etc. We do not want a lack of resources to prevent you from achieving your dreams.

 

Financial Instruments for Doctors

 

Some of the best-fit financial instruments applicable to medical professionals are those that can help them achieve their financial goals. These may include:

 

# Unsecured Funding

This does not require any form of security or collateral. Instead, the lender relies on the borrower's creditworthiness. As a result, having a good credit score is essential for getting approved for an unsecured loan.

 

# Working Capital (Unsecured)

A working capital loan is used to finance a company's day-to-day operations, such as paying employees and suppliers. Many businesses do not have consistent sales or revenue throughout the year, so they may need to borrow funding to keep operating smoothly.

 

# Equipment Finance

Medical professionals need expensive equipment to start a practice or hospital. So, medical equipment loans can help finance such equipment.

 

# Project Finance

It is financing for long-term projects like hospitals and infrastructure. Medical professionals can use it to fund new construction or expansion.

 

Features of Terkar Capital's Financial Assistance:

●       No-collateral loans are specifically designed for medical professionals

●       Quick approval and disbursement process

●       Custom funding for medical professionals

●       Repayment schedule that suits your financial situation.

●       Expert guidance to help you navigate through the plethora of financial products

 

Documents required for Doctors Loan

1. KYC documents of Firm/Company: GST Certificate, Udyam Certificate, PAN Card, Rent agreement/Electricity bill, Shop Act (applicable only in Maharashtra)
2. KYC documents of Proprietor/Partner/Director: PAN Card, Aadhar Card, Passport size photo, Rent agreement/Electricity bill (as ownership proof)
3. Financials/Income documents: Last 2-year financials: IT Return (Saral Page), COI, Balance Sheet, P&L statement, Financial notes, Form 26 AS for the last 2 years
4. Statement of recent bank account activity for the past 6 months.
5. Qualification documents: Degree certificate, Certificate of practice (MCI/IMA approved)

 

Eligibility for Doctors Loan

1. Must be a licensed physician.
2. 4 years of work experience after graduation is required.
3. Physiotherapists need 5 years of experience after graduation.
4. Must be between 25 to 65 age group to apply.
5. The minimum annual income of 1 lakh INR and Two years of profitability required at the application

 

How to get Loans for Medical Professionals?

Terkar Capital can provide financing solutions to medical professionals. You don't have to go through the hassle of applying to multiple banks and NBFCs. Terkar Capital will take care of everything from submitting your application to the financial institution to disbursing the funds. Our expert team will handle everything for you. All you need to do is provide us with primary and master's documents.

 

Conclusion

We assist medical professionals in India, with a focus on loans for medical professionals and financing options to help them overcome financial constraints and expand their practice. It covers various financial instruments such as unsecured funding, working capital loans, equipment finance, and project finance that are suitable for doctors.

 

FAQs

What is the rate of interest?

The interest rate starts from 10.5%

Is a CIBIL score important to avail doctor loan?

Yes, while determining how much money to distribute, banks and NBFCs take into account your CIBIL score and repayment history.

 

How long will it take for the loan to be approved and disbursed?

Loan approval and disbursement time varies. However, we assist you with quick loan approval and disbursal within 24 hours of application clearance.

 

What are the reasons that may lead to the rejection of your application?

Even if you fulfil all the requirements, your application can be rejected as -

●       Poor CIBIL score

●       Discrepancy in the application

●       High debt-to-income ratio

●       Multiple loan rejections

How much should the CIBIL score be required to avail of a loan for doctors?

A CIBIL score of 700 or above is considered good to avail of a loan for doctors.