We are experts in this industry with over 18 years experience. What that means is you are going to get right solution. please find our services.
Financebay is one of India’s leading finance consultancy firms. Here we aim to provide customized financial solutions to our clients according to their requirements. We depend on our rich and diverse expertise, industry experience, commitment to integrity and ethics and personalised solutions. These are the milestones that aid us in helping our clients to solve their finances issues.
Financebay is armed with a team of highly qualified and expert professionals, who strive towards fulfilling the following for you: Aid you in intelligent decision making improve your business profits Ensure monetary success, ultimately leading to your satisfaction.
We don’t just create financial solutions; we create lasting relationships with our clients. A healthy customer-enterprise relationship comes with being involved with our clients and keeping them updated with the regular developments to achieve their goals.
At Financebay, upholding transparency and honesty are our topmost priorities, as we approach our client with professionalism and support.
What is a Business Loan ?
Business loan is a 1-3 year unsecured loan given by banks, NBFC’s (Non Banking Finance Companies) or P2P lending platforms without asking for any collateral, guarantor or hypothecation of any assets. Entities like proprietorship, partnership, private limited company or public limited company are eligible for this type of borrowing. The usage of a business loan is left to the discretion of the borrower and can be used for working capital purposes, meeting short term cash flow requirements, investments into plant and machinery etc.
How my Loan Eligibity is calculated?
Loan eligibility is dependent on primarily the following factors:
The credit score of the entity and/or the partner/director/proprietor of the borrowing entity as reflected in your CIBIL or Equifax report or any other credit bureau. Having a good credit score is a necessary but not a sufficient criteria. If the credit score is a border line case then the bank may take a subjective call to limit the loan amount.
The last 2 year financials of the borrowing entity. Factors like turnover, partner/director salary, depreciation, interest cost, net profit after tax are some of the key parameters that goes into deciding the loan amount.
Ability to service the EMI for the current loan be requested as depicted by the Debt service coverage ratio (DSCR). Banks generally ask for a DSCR of 1.0 to 1.5 depending on case to case basis.
What is the minimum and maximum laon limit is offer?
Generally, the minimum amount loan amount is Rs 50,000 and maximum amount is Rs 30,00,000. Higher loan amounts are dependent on a personal discussion that a bank may want to have with the borrower and then take a call on the loan amount.
Need for Cibil Score?
CIBIL score is the point of reference which banks use to determine the credit worthiness of any applicant. Without having the minimum score of CIBIL, the possibility to get a loan is very less.
We have given services almost in all industries in the short period time and
all the Soluitions are Provided by our expert team with 100% satisfaction.
Our mission is to provide highest quality professional consultancy services of exceptional value that distinguish us from our competition.
Be recognized as a leading regional and consulting firm, and to be respected as trusted advisors by our clients and business partners.
