services

Machinery Loan

Overview

A machinery loan is a specialized financial product designed to help businesses acquire or upgrade machinery and equipment essential for operations. It is tailored for manufacturers, production units, and other enterprises seeking to improve efficiency and productivity. With competitive interest rates and flexible repayment options, machinery loans enable businesses to grow without straining their working capital.

Key Features :

High Loan Amounts :
Offers substantial funding to cover the costs of new or used machinery.
Covers installation, maintenance, and related costs.

Flexible Repayment Tenures :
Loan repayment periods typically range from 1 to 7 years, depending on the borrower’s requirements and financial capacity.

Quick Disbursement :
Streamlined processes ensure faster approvals and fund disbursement.

Customizable Loan Options :
Secured and unsecured options available based on the loan amount and collateral.

Tax Benefits :
Interest payments may qualify for tax deductions under business expense provisions.

Eligibility Criteria :

Business Vintage :
The business should be operational for at least 1-3 years.

Credit Score :
A good credit score (generally 650 and above) is preferred.

Annual Turnover:
A stable income stream demonstrating repayment capability is required.

Business Type :
Available to sole proprietors, partnerships, private limited companies, and more.

Purpose Specification :
Clear documentation of how the loan will be used for machinery acquisition.

Collateral (if applicable) :
For secured loans, collateral such as property or existing equipment is needed.

Benefits of Machinery Loans :

  • Enhanced Productivity :
    Upgrading machinery leads to increased operational efficiency and output.
  • Improved Cash Flow :
    Provides immediate funds without depleting working capital.
  • No Ownership Dilution :
    Retain full control of your business while accessing essential funds.
  • Tax Advantages :
    Interest payments on the loan may be deductible as a business expense.
  • Competitive Edge :
    Modern machinery helps businesses stay ahead in competitive markets.
Contact

+91 99980 99281
sunil@skccorporate.com

Address

SHOP – 2F – 8 MADHURAM – 2, MADHURAM CIRCLE, DINDOLI, Dindoli, DINDOLI POLICE STATION, Udhna, Surat-
394210, Gujarat, India

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