ARRANGING FINANCE FOR SMALL BUSINESS MANUFACTURING IN INDIA
No manufacturing business can take off without monetary support. This need for finance can be classified into following types:
●       Term Loan (long & medium term)
●       Working Capital Loan
●       Seed Capital
●       Hire Purchase Leasing For Machinery
●       Angel Investment
●       Loan Against Property
●       Unsecured Business Loan
In arranging finance you must consider the several Government schemes and grant specially designed for SME. Regardless to the bank or types of loan, you are applying for, these documents are generally required for a loan application:
●       Documentation for Loan Application
●       Balance Sheet and Profit Loss Statement for last three consecutive years of firms owned by promoters
●       Income Tax Assessment Certificates of Partners/Directors
●       Proof of Possession of Land/Building
●       An architectural estimate for construction cost.
●       Partnership deed/Memorandum and Articles of Associations of Company
●       Project Report