Where it can help
Provides a route to compare existing-bank enhancement with alternative eligible facilities.
SOLUTIONS / Need-based assessment
Traditional / Quick Capital
Evaluate conventional working-capital lines and eligible shorter-tenure options for defined business needs. “Quick” describes the requirement; processing time depends on complete documents and lender assessment.
WHO IT MAY SUIT
Manufacturers, traders, exporters and established SMEs
When to consider this facility
An urgent order or temporary timing mismatch requires a bridge with an identifiable exit.
Use the facility for a defined, permitted business purpose with a documented source of repayment. Apply ahead of the cash requirement so that assessment, conditions and documentation can be completed.
What to weigh carefully
Urgency can obscure fees, penal charges and a repayment schedule that does not fit the business. Approval is not assured.
THE CLIENT’S PERSPECTIVE
Make the numbers work first.
Compare a bank limit enhancement, supplier credit and a short-term facility on all-in cost and certainty of repayment.
A practical preparation tip
Approach lenders before the payment deadline. Keep financial statements, bank records and GST reconciliations ready.
ILLUSTRATIVE CLIENT SITUATION
How the requirement might arise
A trader receives a time-sensitive supply order while an existing-bank enhancement is pending. Assessment would verify the order margin and customer payment date before considering a bridge; expected refinancing alone is a weak repayment plan.
Hypothetical example for explanation. This is not an actual customer testimonial, completed transaction or assurance of funding.
Before you accept an offer
Ask for the lender’s identity, all-in rupee cost, annualised pricing where applicable, processing and other fees, security, guarantees, covenants, repayment schedule and default provisions. Confirm that the facility’s permitted use matches the proposed transaction.
Consider a lower-cost existing-bank enhancement or supplier terms where suitable. Defer borrowing if the purpose, underlying margin or repayment source cannot withstand a reasonable downside scenario.
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