Mr. Jacod has a proprietary firm for the last 20 years. Jacob has recently given his premises on lease for 5 years to the huge and renowned cotton clothing brand. His turnover of the previous year is Rs. 1.4 Cr. As his business is growing, the resources of proprietary concern stand short for him and need funds for expansion. He decides to convert his proprietary concern into a Private company that will make huge profits. Jacob thinks from which sources the funds will be managed. Having no collateral, it was difficult for him to get funds.
Jacob had all the ideas ready for expanding the business but what hampered him was his issue of funds. He consulted many people and the financial institution, but to no avail! Everyone was asking for collateral for loans. While going through the Internet, he came across Terkar Capital. And visited our website. He soon contacted our team and the meeting was immediately fixed.
Jacob was worried about his problems with funds and started telling us his requirements. Our team understood his requirements, and we asked him about the financials. After analyzing all the documents and areas of his business, we realized a strong point that Jacob owns premises which he has given on lease for 5 years. Our team studied the areas related to property and came to the conclusion that Mr. Jacob can go for Lease Rental Discounting. We suggested Jacob, Lease Rental Discounting, which is one of the convenient sources of funding. Also, the tenant or a lessee was a renowned brand in clothing.
LRD is a term loan that is provided to the borrower based on their income from the rented property. A major aspect that affects the lease rental discounting loan is the availability of rent receipts from the tenants. The tenant or the lessee here should be a renowned brand or corporates, etc.
Learn in details about what is LRD Loan.
Furthermore, we undertook the valuation of the property and rental receipts and came to the conclusion that Lease Rental Discounting would best suit the client according to his financials. The funding went to the lending institution for sanction, and soon the funds were released to the borrower. The process was carried out smoothly by our team members and the funds were received by Jacob, which solved his issue for expanding. The ROI given was also reasonable. Jacob was delighted by our service and started his successful journey.
|Nature of Business||Proprietary concern|
|Turnover of last year||Rs. 1.4 Cr|
|Mortgage Available||Rented/Lease property|
|Valuation of Property(Market Value)||Rs. 12 Crores|
|Rental Receipts of 5 years (Lease Receipts)||Rs. 60,00,000|
|Need for funds||Business Expansion|
Terkar Capital is one of the leading financial institution in India. We provide the best product to clients after studying all the aspects of his financials, CIBIL report, business, industry, sales, etc. We arrange all the conventional and non-conventional debt and equity funding solutions for our clients in a few days. The LRD service is one of the best services from our variety of products. So whenever it is raising funds, Terkar Capital is there for you!
If you have any questions, please do not hesitate to ask us. Please also call us or email us before visiting to make sure that you will be served with our best services.
8308629820 / 8262831330