SME finance is the funding of small and medium-sized enterprises, and represents a major function of the general business finance market – in which capital for different types of firms are supplied, acquired, and costed or priced. However, not all business finance is external/commercially supplied through the market.
Documents Required for SME Loan
| Documents | Required |
|---|---|
| Audited financial statements of the business concern for the last three years. |  |
| Provisional financial statements for the half – year ended | |
| Audited financial statements of associate concern/s for the last three years | |
| Copy of QIS II for the previous quarter ended | |
| Operational details in annexure I. | |
| CMA data for the last three years, estimates for current year and projection for the next year. | |
| Term loan /DPG requirements in annexure II. | |
| List of machinery in respect of machinery offered as security in annexure III. | |
| Additional details for export advances furnished in Annexure IV | |
| Property statements of all directors / partners/proprietor / guarantors | |
| Copies of ITAO of the company for the last three years | |
| Copies of ITAOs /WTAOs of the directors/ partners/proprietor and guarantors. | |
| Copies of certificate from banks and financial institutions certifying the latest liability with them. | |
| Copy of board resolution authorizing the company to apply to your bank for the credit facilities mentioned in application | |
| Copy of memorandum and article of association (in case of limited Company)/partnership deed (in case of partnership (firm). | |
| Cash Budget for the current year and next year in case of contractors and seasonal Industries. | |