Unsecured Business Loans Process
Unsecured business loans offer a streamlined application process, often resulting in faster funding than secured loans. This enables businesses to promptly address urgent financial requirements like inventory, marketing, and operational costs. Additionally, these loans act as a safety net during economic downturns, allowing businesses to sustain operations without the risk of asset loss. This flexibility makes unsecured business loans attractive for small business owners aiming to expand their operations.
Let’s understand the Unsecured Business Loans Process through Mr. David’s case study.
A case study on the UBL Facility
David is a successful businessman. He started his company, “David and Sons Private Ltd”, in 2016. Since then, he has expanded his business rapidly. The number of people he employs has almost doubled since he started. It is close to 60 now. He deals with software development. David’s company has now become a reliable brand in the market, and he sees a successful future ahead.
The turnover of his company is approximately Rs. 5 crores. His business has been growing for the last 3 years. This year, his company received an order worth Rs. 1.5 crore from one international client. The order is approximately 30% of last year’s sales. And he has no plan to take any chance on this order. He has urgent requirements for funding. He has a great financial record, a good credit rating, an excellent financial history, and a promising cash flow forecast.
David requires a budget of Rs. 50 lakhs. Being a 1st-time entrepreneur, he has no fixed asset backup yet. So he does not have any assets or property to keep as collateral with the financial institution. Thus, he approached Terkar Capital for a solution, as we provide Unsecured Funding for the IT Industry.
Financial Snapshot
Business Commencement Year | 2016 |
Turn over | Rs. 5 crore |
Vintage | 4 Years |
Funding required | Rs. 50 lakhs |
Credit Score | Above 700 (As per CIBIL) |
Financial Analysis
Our executives analysed David’s case. We executed an Unsecured business loan process for his business needs. This financial instrument will be a perfect fit as he can get the loan faster than other funding options, and no collateral will be required. His company has good financial stability. So, unsecured business loans will be the best option for his situation.
We at Terkar Capital understand the requirements for David’s business. As per our process flow, our team of experts discussed with Mr David. We understood the whole requirement, took soft approval from the respective financial institutions, and started the execution of the process.
Amount Sanctioned | Rs. 65 Lacs |
Amount Disbursed | Rs. 5o Lacs (As required) |
Debt Tenure | 5 Years. |
Credit Score | Above 700 (As per CIBIL) |
Unsecured Business Loans Process at Terkar Capital
Terkar Capital made unsecured funding available to David with our expertise and experience in the financial field. The entire execution is within 2–3 business days without any hassle.
Terkar Capital is one of the leading Corporate Financial Advisory and Consulting firms in India. We have a team of highly trained executives who assist our clients at every step of the way to get unsecured business loans and other financing instruments. We make sure that the picture is clear on both ends and only then begin the procedure. At Terkar Capital, we maintain our relationship with the client even after the disbursement of the loan and help them with any issues that may arise.
