SME Smart Score - MSME Loan / SME Loan Scheme | SBI - Business

Features

• Nature of Facility : Cash Credit / Term Loan
• Purpose :Working Capital needs & Acquisition of fixed assets
• Target Group : Individually managed proprietary/partnership firm or closely held public/private limited companies in the Small and medium industrial and trading sector under C&I and SIB segments.
• Quantum of loan (Min/Max)
  • MANUFACTURING UNITS: Rs.5 lacs to up to Rs.50 lacs (20% of annual turnover for WC loan and 67% of project cost for TL)
  • TRADE & SERVICES: Rs.5lacs to Rs.25lacs (15% of annual turnover for WC and 67% of project cost for TL.)
• Margin (%) : 25% for working capital component and 33% for TL component
• Pricing : Competitive Pricing Linked to MCLR
• Collateral Security : As per Bank's extant norms for WC and TLs
• Repayment Period
  • WC loan to be renewed every two years with annual review of performance.
  • TL not more than 5 years excluding moratorium not exceeding 6 months
• Processing Fee : As applicable to SSI /SBF / C&I units as per as per Bank's latest Instruction.