General Corporate Loan
​
General Corporate Term Loan provides flexibility to Company in its usage
It’s a balance sheet-based lending; driven solely on the strength of financials of the Company and amortised from general revenue streams of the Company.
General Corporate Term Loan could be utilised for the following:
-
Strengthen the liquidity position
-
Purchase of machinery
-
Purchase of office equipment’s
-
Dividend payment
-
Lending to subsidiary companies
-
Meeting debt servicing commitments
-
Refinancing of banking loan
-
Other corporate uses
General Corporate Term Loan is typically of medium-term tenor and provides the desired financial flexibility to a Company.
Typical Terms:
-
Medium term financing; typically, in the range of 3 to 7 years
-
Unsecured or Secured basis; depending upon the financial strength and background of the Borrower.
-
Drawdown of the Facility to be over 3 months to 6 months to meet with various corporate financing requirements
-
Amortisation of the Financing to be from various income sources available with the Company
-
Financial covenants and Undertakings