CGTMSE Loan in Mumbai

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Mumbai, India’s financial hub, pulsates with a diverse business landscape. From established manufacturing and trading giants to cutting-edge tech firms, the city fosters a dynamic ecosystem for growth. Recognizing this potential, we offer various debt instruments, including business loans under CGTMSE in Mumbai. The government-backed credit guarantee scheme offers collateral-free financing up to 5 Cr. This initiative intends to make it easier for MSME businesses to obtain credit facilities.

Thus, businesses needing financial support can turn to the CGTMSE scheme and foster their growth.

Key Features to Avail of CGTMSE Loan in Mumbai

CGTMSE scheme eligibility

Eligibility criteria of CGTMSE loan for businesses in Mumbai include meeting specific requirements, such as:

The applicant must own an MSME business
The business must have been in operation for at least three years.
All manufacturing and service sector companies are eligible for this facility.

Please note that the eligibility criteria for CGTMSE loans are generally uniform across India. However, there may be some variations depending on the region or the financial institution providing the loans.

Advantages of CGTMSE Loan Scheme

This scheme seeks to strengthen overall credit facilities.
The CGTMSE scheme offers a Hybrid Security product that covers the credit facility without collateral requirements.
Under this scheme, the government helps expand the credit facility up to 5 Cr.
The guarantee coverage will remain in effect throughout the loan credit.
The scheme is formulated to make term loans and working capital facilities available from a single organization.

Documents Required to get CGTMSE Loan in Mumbai

The documents required for CGTMSE loans vary from lender to lender. Also from case to case. However, in all scenarios, there is a standard set of documents. Those are as follows.

I. KYC Documents

A copy of PAN Card.
Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
Statutory documents

1. Proprietary Firm

Shop Act
GST Registration Certificate
Udyog Aadhaar Memorandum
VAT Registration
GST certificate
other Registrations Applicable.

2. Private / Public Limited Company/One Person Company

MOA & AOA, Certificate of Incorporation
Certificate of commencement of business in case of a public limited company
GST Registration Certificate
Shop Act
Udyog Aadhaar Memorandum
VAT Registration
and other Registrations Applicable.

3. Partnership Firm

Registered Partnership Deed

4. In Case of LLP

LLP Agreement
Shop Act
Udyog Aadhaar Memorandum
GST Registration Certificate
VAT Registration and
Other Registrations Applicable.

II. Income Documents

Last 3 years Financials (IT Returns, Computation Sheet & Balance-sheet). Proof of turnover vide latest sales/service tax returns and Invoice / Purchase Order Copy (for the loan against receivables)
Last 1-year bank statement of all operative bank accounts.
Details of all existing loans: Sanction Letter and Loan Account Statement for the last 1 year.

III. Property Documents

Previous & current sales deed
Plant & machinery list
Plant & machinery current valuation report
Margin money
Property photographs
Previous property search & valuation report

How to apply for a Business Loan under CGTMSE in Mumbai?

The loan application is submitted to banks, which are then eligible to provide loans under the CGTMSE scheme. Government and private banks are involved in the scheme, which is available even in rural areas. So, here are the steps in obtaining a business loan under the CGTMSE scheme:

1. Start Your Business

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Prepare a Project Report

This is extremely crucial as the chances of your loan getting approved will significantly depend on this. You will have to provide a thorough business plan with all the required details.

3. Apply For Loan Sanction

Along with the project report, visit a reputed financial institution or bank to apply for your loan.

4. Get the CGTMSE Coverage

Once your loan is approved, the institution or bank will apply to the relevant CGTMSE scheme. After approval, you can get the loan by paying the required service charges and CGTMSE charges.

Apply for Business Loan under CGTMSE at Terkar Capital, Mumbai

Terkar Capital is a leading financial firm committed to facilitating the financial requirements of businesses through CGTMSE loans in Mumbai. This scheme facilitates easy access to business loans by providing credit guarantees to lenders, ensuring minimal risk for them. We leverage its expertise to navigate this dynamic landscape, offering tailored financial solutions to businesses seeking growth and expansion.

At Terkar Capital, we facilitate business loans up to 5 Cr under CGTMSE in Mumbai. We conduct a thorough financial SWOT analysis to develop the appropriate debt instruments that meet the management’s expectations for raising funds and ensure the end use of the fund is justified.

How do we Execute?

Here’s Terkar Capital’s execution process to get a CGTMSE loan for businesses in Mumbai.

What sets us apart?

1. Fast Turnaround Time

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Confidentiality

Terkar Capital comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

We find you the right lenders with similar terms and the lowest rate of interest.

4. Hassle-free Processing

At Terkar Capital, We create a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

We are building our reputation through reliability, integrity, and honesty. We connect to our clients on personal grounds that include transparency and liability.

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