Eligibility & Documentation Checklist

Eligibility

  • Minimum Vintage – 3 Years & above since Incorporation. We can consider lesser vintage in case of VC/Angel funding on a case to case basis.
  • Type of Organization- Proprietorship, Partnership, Pvt Limited, LLP & Limited Companies. Proprietorship & Partnership companies are not considered for VC/Angel funding & PE Funding
  • Minimum Turnover – 10 Crore & above annually. We can consider organizations with lesser turnover on a case to case basis.
  • Profitability – Should be profitable for the last 2 financial years . We can consider non profitable companies on a case to case basis for VC/Angel funding.
  • Loan/Funding Requirements – We take up cases with loan/funding requirements of 1 Cr & above only.
  • Credit Ratings – Organizations & Promoters should have good credit ratings to be eligible.
  • Banking Transactions – Organizations need to have healthy banking transactions with no chq returns & OD/CC over utilizations.

Documentation Checklist :

Following are the basic documents required by us to carry out initial due diligence.

KYC & Financial documents

1) Pan Copy of organization & Promoters
2) Aadhar Copy of Promoters
3) Incorporation & GST documents of organization
4) 2 Years audited financials of Organization & promoters
5) One year banking transactions of organization & Promoters
6) VAT/ST/GST Returns from April 17 till date

Property Related documents

1) Title Deeds & Mother Deed
2) EC for last 30 years
3) Khata Certificate & Extract
4) Latest Tax Paid receipts
5) Plan approval Copies

After due diligence, Banks / NBFC / Lenders can ask for additional documents for approval & disbursement.

Have more questions?

Whether you have a question about our services or need assistance, we would love to hear from you.