Overview
Many of us aspire to see our projects succeed and gain recognition worldwide. All we need is a little push. It could be motivation, a brilliant idea or simply the lack of funds. In India, Project funding is one of the most important yet not widely known aspects for aspiring entrepreneurs. So, before going ahead with the process of how to get project funding, it is crucial to have a clear understanding project funding entails.
How Project Funding is used in business ventures?
There are different kinds of requirements at the time of starting a project. Project financing is among the most basic yet significant parts of any business venture. This entails obtaining funds to cover initial expenses such as labour, capital, and other necessities. However, Project Funding is provided for new business setups, reconstruction, or expansion of an existing business enterprise.
Criteria for Project Funding
Project finance has provided considering certain important aspects on which the amount is decided. These are the relevant criteria to consider.
1. Project Viability Analysis:
The viability of a project is determined by its economic merits and demerits. A project is considered viable if its benefits are higher than its costs. This analysis helps funding agencies assess the project’s worthiness for financing also taking the proposer ability to repay the loan into account.
2. Mortgage Available:
Project funding involves providing loans based on the project’s value and potential revenue. Lenders assess the project’s potential to determine the loan’s viability.
3. Payback Period of The Project:
Long projects without rapid revenue generation may lead to proposal rejection. Professional consultants can help draft proposals to increase funding chances.
4. Personnel Profile and Experience:
Long projects without rapid revenue generation may lead to proposal rejection. Professional consultants can help draft proposals to increase funding chances.
Location and Market Demand
The location and the requirement of the product or the service the project seems to sell must be well enough to give the lenders assurance. The assurance, that the project will be successful and the borrower will be able to repay the loan in time as well. If the product is common and easily available, there are chances to get the proposal rejected.
Project Funding Lenders
Even though multiple agencies are operating in the debt market, there are limited sources to acquire project funding. The primary sources of such financing are usually government institutions and cooperative banks, which consider funding projects that meet their criteria. Considering the limited options available, So, finding a reliable funding agency for your project proposal in India is crucial. That’s where Terkar Capital comes into the picture.
Secure Project Funding with Terkar Capital
We are a financial institution known to provide maximum finance with minimum collateral. We even let young and beginner entrepreneurs build an eminent commercial organization. Whether you need funds periodically or in a lump sum, We can generate the necessary capital based on your specific requirements.
At Terkar Capital, We ensure confidentiality and integrity. The processes we follow are transparent to our clients, and also the financial products are designed to benefit them, including HNIs, SMEs, and startup companies. Our goal is to assist our clients in creating a successful future
Commercial and residential Project funding requirement.
Dear Mr. Sagar,
Thank you for connecting us. Definitely we can work out the project funding options for you. We will connect with you on your given email Id.
Best Regards,
Team – Terkar Capital