Project Financing Services
Financial Structuring is an important part of business planning. Locating cost-effective & best-suited sources of finance for your project is our strength. At Enwisen, we provide end-to-end solutions direct to the clients and through project construction, operational and end of lifecycle stages. We have a dedicated team of experienced project finance professionals, with an in-depth knowledge of dealing with a variety of Banks, Financial Institutions and commercial lenders.
We have headed several project financing assignments for Companies, Firm, Individuals and Family businesses. We have extensive experience in assisting clients on Construction Loan, Cash Credit, Over Draft, Term Loan, Home Loan, Mortgage Loans, Personal Loan, Business Loan and Medical Equipment Loan. In addition to this, we have also been instrumental in building strong professional relationships with executives from various banks and financial institutions.
A working capital loan is a loan used by companies to cover day-to-day operational expenses. The working capital funds are generally required for purchase of raw materials, stores, fuel, for payment of labour, power charges, for storing finished goods till they are sold out & for financing the sales by way of sundry debtors/receivables. Cash Credit facility is granted to the customers to bridge the working capital gap. Working Capital Loan covers Cash Credit, Over Draft and Packing Credit (Export Credit).
Cash Credit is a short-term source of finance. Under cash credit, the bank offers its customers to take a loan up to a certain limit. This loan is given to meet the working capital requirements of a company. Cash Credit (CC) is granted against hypothecation of stock such as raw materials, work-in-process, finished goods and stock-in-trade, including stores and spares. It is given against collateral security. Interest is charged only on the amount of loan utilized by the customer and not on the amount of credit sanctioned (e.g. if Bank sanctioned CC of Rs. 1,000 and company use Rs. 500 then interest is charged on Rs. 500 and not on Rs. 1,000). The Sanction period would be up to 30 working days from the date of completion of the file.
Over Draft is a short-term working capital loan provided by the banks. An Over Draft facility is a formal arrangement with a bank that allows an account holder to draw on funds in excess of the amount on deposit. Interest is charged only on the amount of loan utilized by the customer and not on the amount of credit sanctioned. The sanction period would be up to 30 working days from the date of completion of the file.
Term Loans are extended for the purpose of acquisition of fixed assets viz., land, building, plant and machinery for setting up of new industrial units or expansion /modernization of existing units financing for the purchase of second-hand machinery (both indigenous as well as imported). Term Loans are your basic vanilla commercial loan. They typically carry fixed interest rates and monthly or quarterly repayment schedules & include a set maturity date. The Sanction period would be up to 30 working days from the date of completion of the file.
The real estate industry requires a constant stream of revenue for various construction-related tasks. From the under-construction stage to the handover stage, developers must have funds available to ensure the timely delivery of housing or commercial units. Stalling a project mid-way owing to a paucity of funds is a common problem faced by many housing and commercial development projects in India. Real estate developers can overcome this hurdle by availing construction loans. The sanction period would be up to 45 working days from the date of completion of the file.
Home Loan is required for purchase of a ready built house/flat or Construction of house/flat. The repayment period for Home Loan is 20-30 years. The Sanction period would be 15-30 working days (from the date of login of file in the Bank).
Mortgage Loan also is known as Loan against Property (LAP) is a loan that is disbursed or given against the property. The loan is given at a certain percentage of market rates of the property, mostly around 50%-80%. LAP is the component of the secured loan group where the borrower allocates a guarantee by using the property as security.
A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically over two to five years. Most personal loans are “unsecured” — not backed by collateral. It is the best loan to meet your current financial requirements. Personal Loans are ideal for those who need a quick and easy loan with manageable interest rates and minimum documentation.
This loan is given to meet the working capital requirements of a company (i.e., Payment to Supplier, utilities, rents, payroll, etc.). It is an unsecured loan given by the Bank or Financial Institution without any security. The repayment period for Business Loan is up to 3 years. The sanction period would be 5-7 working days (from the date of login of file in Bank).
Buyer's credit is a short-term loan facility extended to an importer by an overseas lender such as a bank or financial institution to finance the purchase of capital goods, services, and other big-ticket items. The importer, to whom the loan is issued, is the buyer of goods, while the exporter is the seller. Buyer’s credit is a very useful financing method in international trade as it gives importers access cheaper funds compared to what may be available locally.
A “letter of credit” or "credit letter" is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. It may be offered as a facility. A letter of credit is issued against a pledge of securities or cash. Banks typically collect a fee i.e. a percentage of the size/amount of the letter of credit.
A Standby Letter of Credit (SBLC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or the bank's client–defaults on the agreement. An SBLC helps facilitate international trade between companies that don't know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, an SBLC doesn't guarantee the buyer will be happy with the goods.
A Bank Guarantee is a type of guarantee from a lending institution. BG means a lending institution ensures that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it. A bank guarantee enables the customer or debtor to acquire goods, buy equipment or draw down a loan.
A Bank provides Medical Equipment Loan without any security with lowest interest rates. Generally, the interest rate for the Medical Equipment Loan is too low as compared to Business Loan.
Government is providing loan subsidy to different kind of businesses. There are different kinds of subsidies like TUF’s, CLCSS, MSIP, etc.
Banks require a project report/CMA report whenever you approach them for any loan or financing facility. Project report/CMA report is a detailed statement which lists down the upcoming costs and revenues covering quantitative and qualitative aspects of the project being considered for reporting. During the renewal of working capital, abank also requires Drawing Power (DP) Calculation sheet along with CMA report and other details.
Private equity funds are pools of capital to be invested in companies that represent an opportunity for a high rate of return. They come with a fixed investment horizon, typically ranging from four to seven years, at which point the PE firm hopes to profitably exit the investment. Exit strategies include IPOs and sale of the business to another private equity firm or strategic buyer. We facilitate in providing Equity funding to the various companies and individuals across India. We can assist you through some of the leading Private Equity firms who are looking out for prudent investment opportunities in growth-oriented companies. We facilitate our client’s sound business plan to attract potential investors to bring forth the synergies for a successful and profitable business venture.
