David runs a plastic manufacturing plant named “Perfect Plastics Private Limited”. He has been in the business since 2015. The turnover of David’s company is 37 crores for the last financial year. The company has been rapidly growing for some time. He has now been approached by a large multinational company for a big deal. If this deal goes through, David’s company will earn major profits.
To date whatever has been earned in the business, David has reinvested into the business. However, the foreign company wants David to purchase advanced machinery to increase the productivity of his plant. This machinery will improve his business significantly. Thus, producing high-quality outputs as well. The machine will also save a significant amount of cost, time, and energy while generating profit. So, if you’re wondering how to get a machinery loan for this purpose, Terkar Capital facilitates machinery finance for acquiring equipment.
| Company Turnover | Rs. 37 Cr. |
| Amount Required for Machinery | Rs. 7.5 Cr. |
| Mortgage Availability | No Mortgage |
| Company Industry | Plastic Manufacturing |
This is an expensive German Machine. David is thinking about how he can fund the machinery. The machinery costs 7.5 crores (Including GST and installation). If he doesn’t purchase the machine, the deal may not go through as a bigger company is already trying to get the deal.
David’s company has a good CIBIL rating as they have a good credit history. The company also has a steady and genuine cash flow which can be reflected in the company accounts. However, unfortunately, David does not have any assets or property that he can keep as collateral with the financial institution. Thus, he realizes that he would require a business loan without collateral. The purchase is for at least 5 years at a moderate interest rate. He has good cash flow, but he cannot pull the money from the existing cash flow as this will directly affect the existing working capital and the customer’s delivery.
David was anxious about obtaining an unsecured loan to purchase machinery. While looking for financial consulting firms, he came across Terkar Capital. He contacted Terkar Capital and we scheduled a meeting with him.
| Business Commencement Year | 2015 |
| Amount Disbursed For Machine | Rs. 7.5 Cr. |
| Total Execution Time | 7 Working Days. |
| Customer Service Experience | 4.3/5 |
Our executives understood David’s requirements. We analyzed the case in detail. After the analysis, we recommended him for a financing Machinery, Instead of going for any other unsecured term loan.
A collateral-free machinery loan is a term loan for machinery. It is taken for purchasing machinery. It enables small and medium-scale enterprises to afford tools and other equipment for their use. The better is your machinery, the better the productivity. Hence the efficiency of a company.
We understand the requirements. Once receive all the required inputs from the company, we prepare a proposal for equipment finance. That contains information about the company. The machinery they plan on purchasing, the amount of funding required, and others. This machine is being made in Germany so we had to make the payment to Germany. We took note of all the required inputs to execute the proposal. The machinery finance providers sanctioned within 3 days upon receipt of all the documents!!
David, thus, got a business loan for machinery 7 days after he approached us. Now he has almost completed 10 EMIs. Thus, the bottom line and the top line of the company both are in strong positions. Since then, we have been preferred as a corporate debt financing partner for Mr David and his company. So whenever Perfect Plastics Private Limited requires debt funding, they just give us a call, and the rest is taken care of by our experts.
Do reach out to us with any questions or doubts. To ensure that you get the best service, please contact us before visiting.
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