SME & Business Finance

Quick loans to help your SMEs flourish
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What do we offer?

Owning a small or medium enterprise means managing its daily business and pursuing expansion strategies through technological advancement, setting up ancillary units in different markets, or scaling up production for future demand. You must also watch for opportunities like a sudden tender may want to bid for or a unit that is up for auctions. These require funds over and above your working capital. ABFL’s SME Finance has a range of products tailored to your requirements.

  • Line of Credit

An arrangement between ABFL and the borrower to establish a maximum loan balance that they are permitted to access or maintain. Customers may draw upon the available line of credit within its limit. 

  • Secured Business Loan

We offer Working Capital Demand Loan, Term Loan, and Transaction Banking Facilities with our bankers, Line of Credit, and Business Loans with flexible repayment options at a lower rate of interest.

  • Unsecured Business Loan

This is a unique business loan offering that is provided without security. It helps companies in a competitive environment through loans for business expansion, machinery purchase, or even starting a new business.

  • Working Capital Demand Loan

Having working capital to run a business may not be always possible. Explore the option of our Working Capital Demand Loan to meet your SME’s financial needs.

  • Supply Chain Financing Solutions – Invoice Discounting

This enables you to convert your receivables into cash, improves liquidity, and enables continuous cash flow. This solution provides finance by discounting the sales bills of your vendors or your purchase bills. 

An arrangement between ABFL and the borrower to establish a maximum loan balance that they are permitted to access or maintain. Customers may draw upon the available line of credit within its limit. 

We offer Working Capital Demand Loan, Term Loan, and Transaction Banking Facilities with our bankers, Line of Credit, and Business Loans with flexible repayment options at a lower rate of interest.

This is a unique business loan offering that is provided without security. It helps companies in a competitive environment through loans for business expansion, machinery purchase, or even starting a new business.

Having working capital to run a business may not be always possible. Explore the option of our Working Capital Demand Loan to meet your SME’s financial needs.

This enables you to convert your receivables into cash, improves liquidity, and enables continuous cash flow. This solution provides finance by discounting the sales bills of your vendors or your purchase bills. 

Revision of Reference Rates for determining Interest Rates on loans given

ABFL has increased its Long-Term Reference Rate (LTRR) by 25 bps to 20.25% p.a. with effect from March 23, 2023. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 25 bps. The spread / margin on the said loans will remain unchanged.
ABFL has increased its Short-Term Reference Rate (STRR) by 25 bps to 19.25% p.a. with effect from March 23, 2023. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 25 bps. The spread / margin on the said loans will remain unchanged.

Emergency Credit Line Guarantee Scheme (ECLGS)

A new facility in accordance with the Emergency Credit Line Guarantee Scheme (“Scheme”) is launched by NCGTC (National Credit Guarantee Trustee Company Ltd., Ministry of Finance, Government of India).

Under the Scheme, an additional loan up to 20% of the outstanding as on February 29, 2020 can be extended. This facility will be valid for 4 years with a 12-month principal moratorium.

This loan offer is subject to you complying with the following additional requirements, as specified under the Scheme:

  • Annual turnover of the entity for the Financial year 2019-20 is not greater than Rs. 100 Cr.
  • Overall fund - based outstanding credit with all banks/NBFCs/FIs as on 29th Feb 2020 is not greater than Rs. 25 Cr.
  • No overdues beyond 60 days, across all banks/NBFCs/FIs as on 29th Feb 2020.
  • Availability of a valid GST registration, unless exempted.

Additional details of the above scheme is available on the following link:

https://www.eclgs.com/
Proprietorship, Partnership, Public, and Private Limited Companies.
A loan is generally disbursed within 7-10 working days after the submission of complete and correct documents.
ABFL provides both short term and long term loans based on the business requirement of the client. This may range from 3 months to 12 years.
You can pay the processing fee through cheques/NEFT/RTGS facility.
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