Small Business Loans ICICI bank

8/19/2019 Small Business Loans ICICI bank

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SMALL BUSINESS LOANSICICI BANK

1. WORKING CAPITAL FINANCE: LOANS FOR YOUR DAY TO DAY

BUSINESS NEEDS

Innovative financing designed to fuel your business

Managing finance is unarguably the most important component of any business.

For SMEs, timely finance is the key to making the most of business opportunities.

Keeping this in mind, we at ICICI Bank have designed a package of loans to best

suit their business requirements.

Get Export Credit, Overdraft facility, Bank Guarantees and other products from ICICI Bank designed tomeet your Working Capital Needs. Quick processing, multiple collateral options and competitive interest

rates ensure that this is the best option for your business.

You can get the following loans/facilities from ICICI Bank to manage your Working Capital

Cash Credit limit/Overdraft facility to meet your everyday requirements

Working capital limits to meet your export requirement. Export Credit for providing Pre and Post-Shipment

finance to exporters

Working capital limits in form of non fund based facilities – Letters of Credit and Buyers Credit to ensure

timely delivery of goods

Various types of Bank Guarantees to meet performance and financial obligations

2. TERM LOANS: INVEST IN YOUR BUSINESS

Fund your expansion and asset purchases

Avail ICICI Bank’s Term Loans to make long term capital investments, whether in

plant and machinery or commercial assets.

Borrow to expand your business and purchase commercial assets

Avail Term Loans to buy Commercial assets, set up a new industrial unit or expand/modernise your existing

unit.



Features and Facilities

Flexible repayment tenure

Assessment based on future cash flows

Composite loans comprising working capital and term loans provided for meeting all financial requirements

Tenure up to 7 years Collateral Free Term Loans also available (up to Rs. 1 crore) under CGTMSE scheme.

3. LOANS FOR NEW ENTITIES

The initial period is most difficult for a new business startup. Get working capital, cash

credit facility and other loans from ICICI Bank after just a year of operations.

Whether a first time borrower or a newly started business, ICICI Bank can address all your needs to meet

your day to day operating expenses. Our Business Loans products are specially designed to finance

Manufacturing, Retail, Wholesale, Trading (Import/ Export) and service industries.


Cash Credit/ Overdraft/ Export Credit and non-fund based facilities for manufacturers, traders and service

providers that are 1 year or older

Term Loans for purchase of commercial assets and business expansion needs

4. COLLATERAL FREE LOANS

Get cash credit and term loan through a government backed CGTMSE loan up to Rs. 1

crore

Fund your business without any collateral

We at ICICI Bank understand that viable small businesses need loans to grow, but may not always have

the requisite collateral. So, speak to us about our Collateral Free Loans.



Types of Collateral Free Loans

Smart Business Loan

Smart Business Loan (SBL) is an unsecured overdraft facility up to Rs. 25 lakh given to existing ICICI Bank

customers.

CGTMSE

Get Cash Credit and Term Loan under CGTMSE scheme up to Rs. 1 Crore

This is a Collateral free facility specially designed under the Credit Guarantee Fund Trust for Micro and

Small Enterprises (MSE's). (CGTMSE) scheme of SIDBI and Ministry of Small and Medium Enterprises as

defined under MSMED Act, 2006.

5. LOANS WITHOUT FINANCIALS

Business loans based on past transaction history

As we strive to create innovative products for the MSME segment, we offer loans to eligible customers on

the basis of their past transaction history without the requirement of audited financials.

Features & Facilities offered :

Loans upto ₹ 50 lakh based on transaction history in the nature of overdraft and non fund based facilities

No requirement of audited financials

Minimum vintage of 3 years required

Why Choose ICICI Bank?

De-centralised operations for fast processing and quick availability of loans

Convenient documentation process for ease of execution

Dedicated and exclusive relationship managers for meeting all your requirements

Competitive interest rates, commission and charges

3000 plus branch network with Anywhere Banking for ease of operations, collections, payments and

accessibility



6. FINANCE FOR IMPORTERS & EXPORTERS

Get Export Finance, Letter of Credit, Bank Guarantees and foreign currency loans to support your

business.

An exporter/ importer requires timely finance to make the most of Business opportunities. Therefore, ICICI

Bank helps you meet all your financial needs via the host of innovative products and services, forex and

hedging solutions.


As an exporter, you get export credit for Pre-Shipment and Post-Shipment finance Letters of Credit for facilitating trade

You can get loans in foreign currency (export credit and buyers credit) for reducing forex risk and lower

borrowing costs

Hedge your foreign exchange risk using derivative solutions such as forwards and options

Small Business Loans ICICI bank

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