Financing for working capital, machinery, shop setup, and expansion. Srikara coordinates lender comparisons, eligibility planning, and documentation to streamline sanction and disbursal.
Note: Profiles and ticket sizes determine exact requirements.
Approach
Srikara Financial Services guides entrepreneurs and professionals through lender selection, ROI & charge clarity, and documentation workflows — combining transparency with a digital-first process across Hyderabad and Warangal.
FAQs — Business Loans
1) Who is eligible for business loans?+
Proprietors, partnerships, LLPs, and companies with stable operations and banking track.
2) Minimum business vintage required?+
Commonly 1–3 years; varies by lender and product.
3) What turnover is expected?+
No single rule; many programs begin near ₹20–40 lakh annual turnover.
4) Is collateral mandatory?+
Unsecured and secured variants exist; LAP/Property can be used for higher limits.
5) Interest type — fixed or floating?+
Both options exist. Pricing depends on risk profile and product.
6) What is OD/CC and who should use it?+
Overdraft/Cash Credit gives revolving limits for working capital; suitable for frequent inflow/outflow cycles.
7) Can multiple loans be consolidated?+
Yes, via BT or LAP combinations, subject to eligibility and valuation.
8) Do lenders check GST returns?+
Yes, to validate turnover and filing discipline.
9) What banking pattern do lenders prefer?+
Consistent credits, low cheque bounces, and adequate average balance.
10) Are subsidies or Govt schemes available?+
Certain sectors/MSMEs may access schemes; verify current policy on official portals.
11) What security documents are executed?+
Loan agreement, hypothecation, deed of guarantee, and post-dated mandates, as applicable.
12) How is limit assessed?+
Based on turnover, profitability, banking patterns, and collateral (if any).
13) Processing timeline?+
With complete documentation, preliminary decisions can arrive in a few working days.
14) What if credit score is low?+
Strengthen banking, update filings, and consider secured options to improve feasibility.
15) Can limits increase later?+
Yes, via renewal/enhancement post review of performance.
16) Do lenders allow balance transfer of OD/CC?+
Some do, subject to track record and security coverage.
17) Are audited financials mandatory?+
Ticket size decides; many programs accept provisional statements for smaller limits.
18) What fees besides interest?+
Processing, documentation, legal/valuation (if secured), and renewal charges may apply.
19) How is repayment structured?+
EMIs for term loans; interest-servicing with periodic renewals for OD/CC.
20) How to proceed?+
Use the menu to reach Contact or Upload Docs, share profile details, and we’ll coordinate the next steps.