PROJECT REPORT FOR BANK LOAN
By learning to fly a successful business ideas. If you do not have the financial ballast that connects your dream project will be just a dream. Here's the good news. Bank funding for small and medium-sized enterprises is on the rise and, according to the Reserve Bank of India, the flow of credit to SMEs by commercial banks provided more than doubled since March 2008 and 2011 RS 2.14 lakh crore Rs 4.79 lakh crore. Better yet, the banks were asked to add 20% to that number every year But before you put on your table in the file manager, you must ensure that everything is in order. As Nischal Puri, CEO, Brandis India said. "When the bank refused your project, you can not close again." Let us renew that bankers are looking for in your application program (see also the list: Standard Document Control)
1) minute details of the project to gather as much information as possible about your project. even if you need to use a market study BR Bhatt, Managing Director, Corporation Bank, said: "Many entrepreneurs try to sell what they have, but our goal is, if they try to sell what people need." Other issues are Your business plan of the sun, what are the chances of a new product approved, may face competition
2) sector banks to limit their exposure to risk areas, as well as the negative list of RBI. "Companies related to real estate, stock trading, hoarding of goods, etc., on this list, and we can not pay these companies beyond a certain point. Exposure to these areas are reviewed periodically, and limits are set internally by rbi guidelines "reveals Bhatt, adding that" we also limit the exposure of the areas where our npas were high. "
3) Road founder of the newspaper business owners' lending behavior is the main concern, and information repositories, such as a credit bureau in India (Cibil) to secure the repayment history of individuals and companies. "We need to know whether they are past the transfer case. Risk is not, and now they have to start a new adventure - their credit scores npas (non-performing assets), they may find it difficult to get a loan," says Bhatt Banks also want to know if you have the courage to run an efficient business. "We want to know whether a person meets the qualifications and experience," reveals Ramesh Dharmaji, General Manager, SIDBI
4) geographical region to operate, can be great impact on the demand for your product, supply and production. "If there is a place for Rice Mills, and the contractor wants to create another, we need to see whether it's worth saving," the company said Dharmaji The market is also in line
5) by a mathematical "we check If the projections provided by the contractor are realistic - they are too high, then we have to put on a mutually acceptable formula, "reveals Bhatt, The New Generation, many companies may find it difficult to go" If your company meets the requirements of modern, especially in the service industry, you may have a hard time to discuss the bank's forecasts, "says Puri However, he said, and even if it does not help to inflate the number of advisers recommend that you stretch the numbers. You do not need to "review after one year, if you meet only 80-90 percent of assumptions that are not going well for the banks Puri - added
6) Collateral / Security »real estate or other fixed assets, pledge of machines, and Even the share pledges are accepted but coverage must be provided. " Dharmaji said the good news is that, according to the credit guarantee scheme, SIDBI with the government to create a fund to provide loans without collateral Rs 1 crore to MSMEs.
7) false truths screening remember that banks have access to your file and technology helps put the path container application. "There are times when it submitted false certificate of environmental clearance were caught because the registrar of companies and government agencies have facilities to check online we can access this information simply by using the permanent account number (PAN) of the company," says Bhatt: Best way to negotiate the paperwork to do your spadework carefully: If you need a hand, SIDBI loan facilitation centers will help connect you with paperwork. begin: checklist, companies, credit applications, documents for New Business
1. Type: Loan Application
2 Project Details -
3 Proof of identity of owners / developers
4 restart owner / promoter of income tax returns for the last 3 years, the 5-6-approvals and certifications (Registrar of Companies, environmental clearance, NOC FARMLAND, etc.),
7 Office Address space and details (lease / purchase contract):
8 collateral (which can be offered)
9 details sales and profit estimates design, use
10 slash foundation of business balance:
11.statement of assets liabilities, income property tax credit payments
The last statement of the loan sanction letters of credit Review 6.
1) minute details of the project to gather as much information as possible about your project. even if you need to use a market study BR Bhatt, Managing Director, Corporation Bank, said: "Many entrepreneurs try to sell what they have, but our goal is, if they try to sell what people need." Other issues are Your business plan of the sun, what are the chances of a new product approved, may face competition
2) sector banks to limit their exposure to risk areas, as well as the negative list of RBI. "Companies related to real estate, stock trading, hoarding of goods, etc., on this list, and we can not pay these companies beyond a certain point. Exposure to these areas are reviewed periodically, and limits are set internally by rbi guidelines "reveals Bhatt, adding that" we also limit the exposure of the areas where our npas were high. "
3) Road founder of the newspaper business owners' lending behavior is the main concern, and information repositories, such as a credit bureau in India (Cibil) to secure the repayment history of individuals and companies. "We need to know whether they are past the transfer case. Risk is not, and now they have to start a new adventure - their credit scores npas (non-performing assets), they may find it difficult to get a loan," says Bhatt Banks also want to know if you have the courage to run an efficient business. "We want to know whether a person meets the qualifications and experience," reveals Ramesh Dharmaji, General Manager, SIDBI
4) geographical region to operate, can be great impact on the demand for your product, supply and production. "If there is a place for Rice Mills, and the contractor wants to create another, we need to see whether it's worth saving," the company said Dharmaji The market is also in line
5) by a mathematical "we check If the projections provided by the contractor are realistic - they are too high, then we have to put on a mutually acceptable formula, "reveals Bhatt, The New Generation, many companies may find it difficult to go" If your company meets the requirements of modern, especially in the service industry, you may have a hard time to discuss the bank's forecasts, "says Puri However, he said, and even if it does not help to inflate the number of advisers recommend that you stretch the numbers. You do not need to "review after one year, if you meet only 80-90 percent of assumptions that are not going well for the banks Puri - added
6) Collateral / Security »real estate or other fixed assets, pledge of machines, and Even the share pledges are accepted but coverage must be provided. " Dharmaji said the good news is that, according to the credit guarantee scheme, SIDBI with the government to create a fund to provide loans without collateral Rs 1 crore to MSMEs.
7) false truths screening remember that banks have access to your file and technology helps put the path container application. "There are times when it submitted false certificate of environmental clearance were caught because the registrar of companies and government agencies have facilities to check online we can access this information simply by using the permanent account number (PAN) of the company," says Bhatt: Best way to negotiate the paperwork to do your spadework carefully: If you need a hand, SIDBI loan facilitation centers will help connect you with paperwork. begin: checklist, companies, credit applications, documents for New Business
1. Type: Loan Application
2 Project Details -
3 Proof of identity of owners / developers
4 restart owner / promoter of income tax returns for the last 3 years, the 5-6-approvals and certifications (Registrar of Companies, environmental clearance, NOC FARMLAND, etc.),
7 Office Address space and details (lease / purchase contract):
8 collateral (which can be offered)
9 details sales and profit estimates design, use
10 slash foundation of business balance:
11.statement of assets liabilities, income property tax credit payments
The last statement of the loan sanction letters of credit Review 6.
