#182/B, First floor, B.K Guda, S.R.Nagar, Hyderabad

SME Finance

However small or medium your entrepreneurial dream is, we've got many forms of finance suitable to your needs. Your firm growth can be impacted by lack of access to efficient and adequately structured financial services and as well as lack of infrastructure. We aim to serve the SME sector by following best practices and processing funds quickly so that your firm-growth contributes to a critical sector of the Indian economy.

Eligibility

An Enterprise should have at least five years of operations for the business

Minimum turnover of Rs. 40 lacs in the manufacturing and trading industries, and Rs.15 lacs in the service industry.

Cash profit for the previous two years.

Clear banking and loan payment history.

Positive business net worth.

Demonstrated growth in turnover
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Documents Required

Personal:

  • PAN card
  • Copy of ID and age proof like Aadhar card, voter’s ID card, passport, or driving license
  • Copy of address proof like property tax bill of self-owned property, passport, Aadhar card, or driving license
  • Bank statement of the last six months
  • Latest ITR

Business :

  • Company PAN card
  • ITR of the last three years
  • Bank account statement of last one year
  • Proof and certificate of business existence
  • Address proof of business
  • Business profile
  • Balance sheets or profit and loss statement audited by a CA
  • MOA/partnership deed and AOA for partnerships

Common Questions

To start with, you will first be required to fill a business loan application form with basic personal and business details.
We prefer that the ratio of your SME loan EMI to your income be at 25%.
Entities, such as sole-proprietorship firms, private limited companies, partnership firms, and public limited companies are eligible to apply for SME loans.
A minimum credit score of 750 with no records of default.

Let's Talk Money!

Make your grand plans possible by talking to us about your financial needs.

Get In Touch info@1finservices.com

Contact Address

H.No 182/B first floor, B.K . Guda Park , S.R. Nagar,
Hyderabad, Telangana - 500038.

+91 76618 61573, 90630 90587

info@1finservices.com

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