bank finance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2010 i have a new project bank loan 85 lakhas required
t/l 35 Lakhs and c/c 50 lakhs i have no colletaral kya without colletral bank finance kar sakati hai it is a rice mill project

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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17 April 2010 If you are the owner of the rice mill and if the same rice mill could be given as security then you can get loan. to get a cc of Rs.50 Lakhs your turnover should be 300 lakhs per year. And for term loan atleast if your mill alongwith machineries should be worth 50 Lakhs then you can get bank loan easily.

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2010 thanks for reply mr srinivasulu

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