Short Term Loan for Corporates
Federal Bank offers short term credit facilities to entrepreneurs to meet working capital needs and other eligible requirements.
Short term credit facilities to entrepreneurs:
- To meet working capital needs.
- Any other genuine requirement/pending tie up of long term funds/inflow of cash accruals.
- For payment of bonus, advance payment, purchase of machinery/equipments/ vehicles etc
- Pending tie up of term loans
- To meet temporary cash flow mismatch
Mid / Large corporates having satisfactory external rating and having turnover of Rs. 500 Crores and above OR minimum exposure ( Funded + Non Funded) of Rs.25 Crores
- Hypothecation / extension of Hypothecation charge over the current assets and fixed assets, hypothecation of machinery / assets etc
- Extension of charge over current assets / Fixed Assets
- Additional tangible security such as immovable properties / bank deposits etc.
- Personal guarantee of Proprietors / partners / promoters.
- Corporate Guarantee