How to apply MSME loan?

Updated on : 2020-Nov-23 14:56:04 | Author :

Contents

 

  • Get MSME loan

  • How to make a project report for the MSME loan?

 

Get MSME loan

 

Apply in 3 minutes through online mode online process for applying for an MSME loan just requires 3 clicks.

 

  1. Provide required documents for MSME loan

  2. Submit the documents

  3. Avail of the funds within 24 hours

 

The following documents are required for getting the MSME loan-

 

  1. Provide required documents for MSME loan​​​​​​​
  • Business PAN card
  • Duly filled MSME Application form
  • Photograph of passport size
  • Applicant’s and the partner’s or co-partners KYC documents
  • As identity proof – Passport, PAN card, Driving license, Voter’s Identity card
  • As residence proof – Passport, Lease agreement, trade license, telephone or electricity bills, ration card, and sales tax certificates.
  • As age proof – Passport, Voter’s identity card, Photo, PAN card
  • Applicant’s income proof
  • Existence proof and Business address
  • Rent agreement or Sales deed, Memorandum of associations or MoA, Article of associations or AoA
  • License copy, Certificates or Registrations

 

For financial documents:

 

  • Bank statement of the last 12 months
  • Proof of business registration
  • PAN card copy of the proprietor
  • Deed copy of partnership
  • PAN card copy of the company
  • 2years P& L and balance sheet copy
  • Sales tax documents
  • Documents of municipal

​​​​​​​

2.Submit the documents

 

3.Avail the funds within 24 hours

 

How to make a project report for the MSME loan?

 

The following details are required by the bank to make the project report for the MSME loan-

 

  • The Block Capital
  • Land & Building details
  • Plant & Machinery details
  • Details of Intangible Assets
  • Prel & Preoperative Expenses details
  • Sales And Promotions details
  • Working Capital details
  • Means Of Fund details
  • Promoter’s Contribution details
  • Loan/Fund from Bank / FI information
  • Unsecured Loan information
  • Cash Credit details
  • Total Project Cost information
  • Monthly Expenses details
  • Required raw material details
  • Man Power
  • Direct Expenses information
  • Administrative Expenses details
  • Information about sales
  • Capacity Utilization statements
  • Profitability Statement
  • Income details
  • Recurring Expense details
  • Cash Flow Statement
  • Information about working Notes
  • Summary Of the Loans (If Any)
  • Tax Computation information
  • Depreciation details
  • Net Block details
  • The balance Sheet (YoY)
  • Information about Investments
  • Break-Even Analysis
  • Detailed Cost Of Sales
  • Detailed Operation Analysis
  • Detailed Ratio Analysis
  • EBIT information
  • Project EBIT information
  • EBITDA Margin details
  • Project EBITDA information
  • DSCR details
  • Cash Burn Rate information
  • Discounted Cash Inflow information
  • Discounted Cash outflow information
  • NPV/NPW details
  • IRR details
  • ISCR details
  • Information about Net Worth
  • CMA Data details
  • Cost of Sales information
  • Operating Profit after I & D
  • Detailed balance sheet analysis
  • Detailed project Analysis
  • Detailed operation Analysis
  • Detailed Ratio Analysis
  • Computation of Limit on the Turnover Basis
  • MPBF details

 

Professional industry experts create a technical outline. Then the Chartered Accountant makes the financial projections. Bankers check the viability of the project according to the banking guidelines. Thereafter while processing it passes through 2 phases which assures the accuracy, viability, and quality check.

 

Can one person get multiple MSME loans?

 

One single applicant having more than one enterprise and doing the business can be registered as a different Udyog Aadhar with the same Aadhar number named Enterprise 1 and Enterprise 2.

 

 

 

 

 

Additional resources

 

 

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