SME T&IL is yet another innovative product under SME loans. The loan is suitable for expansion of the existing business to another level and to broaden the scope of enterprises to a new direction. A combination of fund based and non fund based facility facilitates in financing working capital, capital expenditure and trade related requirements

Features and Benefits

SME-T&IL is essentially a leading product with both funds based and non funds based credit facilities to meet total financing requirement of SMEs. Per borrower exposure under this product is restricted to Rs 40 million with a cap of Rs 20 million on fund based.

Purpose	To finance working capital requirement, capital expenditure (including refinance of equity) and for trade (LC/TR) facilities
Maximum credit limit	Rs 40 million
Minimum credit limit	Rs 1 million
Tenor	OD: Revolving; renewal every year subject to satisfactory performance review; repayable on demand. Fixed Term Loan (FTL): Maximum up to 5 years; repayable in equal installment monthly/ quarterly installment.
Minimum Age of Business	Minimum 2 years' of profitable operation; or minimum 2 years' of experience of key person(s) in the related business.
Financial Health Assessment	Pvt. Ltd. Companies: Audited financial statements of last 2 years and projected financial statement of minimum of one year Proprietorship/ Partnership Firms: Audited/Management prepared financial statements for last 2 years and projected financial statements of minimum of one year. Latest financial statements must not be of older than 6 months.

Required Documents

• Title Deed (Lal purja)
• Survey Map of property (Blue Print)
• Recent land tax payment receipt from land Revenue office (Tiro Receipt)
• Property transfer deed (Rajinama/ Bakaspatra/Aansabanda)
• Certificate from muncipality stating names of land owners of adjoining properties (Chaarkila Pramanit)
• Citizenship certificate of propertor/ director/partners/ land owners
• Building Approval Certificate
• Copy of financial statement/ banance sheet of last 3 years
• Photographs of proprietor/ directors/ directors
• Copy of registration certificate
• Copy of Tax renewal/PAN/VAT
• Copy of Article of Association and memorandum of association/Partneship deed