Loan for existing unit

Existing Units engaged in sales /service or manufacturing sector some time face shortages of working capital leading to delays in procurement of  Raw Material ,nonpayment of wages ,loss of  trade discounts ,mismatch in their asset and liability position. Due to inadequate capital, they face constraints for expansion of their business activity or may not be able to purchase necessary plant and machinery, equipments or for other similar purposes. In such cases, the Loan can be extended in the form of term Loan, OD Limit, CC Limit, Bank Guarantee or letter of credit. Fresh credit facility or additional need based limit can be taken or existing loan can be taken over to other Bank after weighing better options.

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