MSME Business Loan for IT Company

Every IT company, from startups to established companies, needs financial support as they grow. Whereas, MSME Business Loan is a financial product tailored to meet the needs of small and medium-sized IT companies. These loans provide funds to support operational expenses, infrastructure development, technology investments and expansion plans, without requiring a large upfront capital commitment.

We work with businesses at every stage of their growth journey, helping them scale efficiently. Whether you are a small IT firm or a growing enterprise, we offer financial instruments that grow with your business, ensuring that your funding needs are met with flexible and customized solutions. We believe in supporting your IT company from the very beginning to help you achieve your long-term goals.

Key Features of MSME Business Loan

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Benefits of MSME Business Loan for IT Company

MSME business loans offer a range of benefits that can significantly contribute to the growth and financial stability of IT companies:

MSME loans often come with competitive interest rates, providing IT companies with affordable funding to meet their financial needs.
These loans provide the capital needed to scale operations, expand into new markets, and drive innovation.
By providing timely funding, MSME loans ensure businesses have sufficient liquidity to manage daily operations and cover other critical expenses.
IT companies can stay competitive by investing in technology or infrastructure without affecting working capital or profits.
IT provides flexible repayment options that match the company’s cash flow.
Adequate funding lets IT companies innovate and compete globally.

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MSME Business Loan Eligibility for IT Company

To access MSME business loans, IT companies must meet certain criteria to ensure they are eligible for financing. Below are the common eligibility requirements tailored to IT businesses:

Must be registered as an MSME or possess valid business registration documents (GST, Udyam, etc.).
Businesses typically need to operate for at least 2 years to qualify for funding
The company’s turnover should consistently meet the lender’s minimum requirement.
A good business or promoter credit score improves the chances of approval and access to better loan terms.
The loan should be used for business needs, like technology, staffing, infrastructure, or working capital.
Audited financial statements or bank records are required to prove financial stability and repayment ability.
Strong financials and creditworthiness are required for MSME loans, which are often unsecured.

MSME Business Loan Documents for IT Company

Obtaining MSME Business loans in India necessitates essential documents as listed below:

Adhar Card (complete page)
Pan Card
Latest Electricity Bill
Current Rent Agreement
Passport Size Photo

GST Certificate
MOA, AOA, Pan Card,
Shop act / Trade License
Certificate of incorporation
Shareholding Pattern
Partnership Deed
Current electricity bill and
Rent Agreement

All account Bank statements (For the last 12 months)
All current loan sanction letters

Last 2 years’ complete Financials
GST Returns (for last 12 months)

MSME Business Loan for IT Company at Terkar Capital

Terkar Capital specializes in tailored financial solutions for IT companies, helping them secure MSME loans quickly and efficiently by understanding their unique business requirements. Our expertise in the debt market allows us to design loan options that suit the unique needs of your business. With transparent processes, quick approvals, and flexible terms, we ensure you get the support required to grow your IT company with confidence. We provide the financial support to fuel your growth, allowing you to focus on innovation.

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FAQs on MSME Business Loan for IT Company

A term loan is typically used for long-term investments like buying equipment or expanding operations, while a working capital loan is used to manage daily operational expenses.

We facilitate secured and unsecured MSME business loans to IT companies based on their financial health, credit score and revenue potential.

The interest rates on MSME business loans vary based on factors such as the type of loan (secured or unsecured), loan tenure, and the borrower’s credit profile. In the case of collateral based loans, ROI starts from 8.75 % Pa. And for Unsecured loans, ROI starts 14% Pa.

With the right documents and a strong financial profile, MSME loans for IT companies can be approved within 3-7 working days.