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Cc loan
Dear Sir/Madam i am planning to get an SME loan amount to Rs 10 lacs from SBI. it will be a CC loan but my CA shows my annual turnover Rs 31,25,642/-for the year 2016/17 and Rs 23,56,640/- for the year 2015/16. will there be a problem?
Replies (2)
Dear Nayanmoni,
It totally depends on many factors and many fanancial ratios are taken into consideration for santioning the loan/Cc henceofrth based on above figure no one can judge the feasibility of credit worthiness of your organization.
But based on above figures we can judge that your turnover is in increasing trend and the same should be with profit also.
kindly drop a mail on caammalvi @ gmail for more information.
Thank you Sir.
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