Scale Your Business To New Heights

SME Loan


We understand each small business requires the proper financial guidance to scale and achieve new heights. So, with great effort and expertise, we ensure our customers get the best possible financial solutions. As one of the best MSME loan consultants in Pune, we provide small and medium enterprises MSME loans in India to help them give the much-required financial push. Findestination, being of the leading MSME loan providers in India, have over 1000+ MSME clients across India and has successfully delivered 1500 crore plus MSME loan disbursement. We are known as the best MSME loan consultants in India, as we provide tailor-made financial solutions to suit your business needs and fulfill your dreams.

Findestination SME loans

Working Capital Loan

SME working capital loans can be availed for the everyday working capital requirements of the business. As an SME loan consultant, we provide this loan in the form of cash credit/overdraft for a period of 12 months. It is generally secured against fixed assets and current assets of the company.

Loans Covered Under CGTSME Scheme for SMEs

This is a collateral-free facility under which cash credit/term loan can be availed up to 1 crore. Cash credit starts from 8-8.5% under the CGTSME Scheme. This facility is designed under the Credit Guarantee Fund Trust for Micro and Small Enterprises (MSE) (CGTMSE) scheme of SIDBI and Ministry of Small and Medium Enterprises as defined under MSMED Act, 2006.

Project Funding

If you are planning a new project, you can avail this loan. Funding is provided up to 75% of the project cost.

Letter of Credit (LC)

A bank avails letter of credit limit to assure the seller of their payment. It is generally used as a guarantee/assurance to sellers against the supply of raw material or any equipment/machine. It is a necessary facility for importing raw material or machines where sellers require proof of their payment. It is a non-fund-based limit issued, and the bank charges an annual commission of up to 1% for this facility. Letter of credit is generally of two types:

Letter of Credit at Sight

LC ar sight is a letter of credit that is payable immediately after the seller fulfills the requirement of a letter of credit. This letter of credit offers the quickest form of payment for sellers on submitting the required documents to the bank. Sellers prefer LC at sight if the buyer is from a volatile country or there is no close seller relationship with the buyer.

Usance Letter of Credit/Deferred payment letter of credit

It is a letter of credit that is paid a fixed number of days after shipment or presentation of required documents. It differs from LC at the sight in that no draft is involved, and the seller cannot discount this LC.

Bank Guarantee

Bank Guarantee is a promise offered by a lending institution/bank. The bank guarantee means if the debtor fails to settle a debt or pay it back, the Types of Bank Guarantees: bank will cover it. It is a non-fund-based limit issued, and the bank charges an annual commission of up to 1% for this facility.

Financial Bank Guarantees

These guarantees are purely for monetary obligations like making earnest money or guarantees given to the sales tax department, etc.

Performance Guarantees

These guarantees are given in respect of the performance of an obligation. In the event of default on performance, the bank will reimburse the loss incurred by the beneficiary.

Deferred Payment Guarantees

These guarantees are given in respect of the debtor’s deferred payment to be made. In the event of default on payment by the debtor, the bank needs to pay the amount to the creditor.

Buyers Credit

Buyers Credit is a short-term facility offered to importers from banks to acquire the raw material or goods they import. It helps importers gain access to cheaper funds linked to the LIBOR rate compared to local rates related to base rates and are generally higher.

Suppliers Credit

An importer avails this facility to get cheaper funds linked to the LIBOR rate than local rates linked to base rates. It is provided to the importer by the foreign bank of the seller’s country. Local bank issues usance bill under LC for importer and in return foreign bank discounts this LC for the seller.

Export Credit

Exporters can avail this facility to avail financial at a much cheaper rate linked to LIBOR rate than local rates linked to base rates. Types of Export Credit:

Pre-Shipment Export Credit/Packing Credit

The exporter generally avails this before shipment of finance to procure raw material and manufacture goods before shipment. Packing credit can be availed based on the letter of credit received from an importer.

Post Shipment Export

Exporters avail this after the shipment of goods to the date of realization of export proceeds. As per RBI guidelines, the period prescribed for completion of export is 12 months from the date of shipment.

Bill Discounting

This facility is availed to generate liquidity for the company against the security of bills received from customers. The bank deducts the interest on the bill and releases the balance; hence it is called bill discounting.


A financial transaction in which the borrower sells book debts to the financial institution at a discount. This is availed to generate liquidity and is used mainly for working capital purposes.

Reverse Factoring

A borrower avails this facility to make faster payments to the suppliers to avail cash discounts. The finance company makes payment to the supplier against the borrower’s invoices and charges interest for the period of finance.

Machinery Loans

This facility can be availed to purchase machinery loans. This loan starts from 5.5%, and a loan of up to 75% of machinery value is provided for the maximum tenure of 5 years.

Eligibility And Documents Required

Eligibility Criteria
Eligibility for SME Working Capital Loans depends on multiple factors like working capital gap, repayment capacity of loans, credit history, etc. Therefore, it is a complex process to determine the eligibility of a company’s working capital, and it varies with banks as each bank has its policies and assessment criteria.
Documents Required
Sole Proprietorship/ Partnership/ Pvt. Ltd. Company
Duly filled application
Identity ProofPan Card, Aadhar Card
PhotosPassport size photographs of all applicants
Business proofUdyam certificate, MSME Certificate and Shop Act
Address ProofLight bill and Index 2
Last 2 years of income tax return of directors/partners
Last 12 months bank statement of main operating account of the firm
Last 3 years Audited financials
Certified copies of MOA/ AOA/ Partnership deed as applicable
Existing loan sanction letter/ Repayment track record (if any)


As MSME loan consultants in India, we assess your requirements and, according to our internal rating, advise you of various finance options available from banks. In addition, we have a team of professionals who guide the analysis of your financial performance, prepare CMA data, and disburse your loan. Also, we provide post disbursement services and assistance in your annual renewal of working capital limits.
As the best MSME loan provider in India, we calculate working capital requirements as Current Ratio = Current Assets/Current Liabilities Working capital is a difference between current assets and the current liability of the company. The company’s health is assessed with its capacity to pay off its current liabilities with its existing assets. The current ratio is one of the significant ratios to determine a company’s financial health. The current balance is divided by current liability. It is always advisable to maintain a current ratio above 1—the higher the current ratio, the better its financial health.
Debt to equity ratio = Total liabilities/Total shareholder’s equity The debt to equity ratio helps to assess the company’s risk level. The lower the ratio, the lower is the risk. While higher ratio indicates, the company is highly leveraged and may be at a higher risk.
The ratio analysis is an organized way of assessing a company’s financial statement. It is the process of determining and interpreting the numerical relationship based on financial statements. At what level a particular financial ratio needs to be maintained may vary with each company and industry. Financial ratios allow us to compare the company’s strengths and weaknesses and allow us to compare companies across industries.