Collateral Free Loan For Startup Companies

Collateral Free Loan is available for startup companies if they are fulfilling the below conditions;

  1. It should be a private limited company.

  2. Should have SME /SSI registration

  3. Should have been funded by angel /VC investor. (Investor need not be registered with SEBI.Even individual investor is also eligible)

  4. There should be a share purchase agreement and share allotment proof is mandatory

  5. Extent of financing of the project cost: 10% from promoters, 20% from investors (any angelfunds, VCs, individuals invested in the company) and remaining 70% will be given by way of loan

  6. Types of loan - Term loan or working capital assistance will be provided

  7. Term loan is for a maximum period of 7 years and maximum moratorium period of 3 years

  8. Loan is covered under CGTMSE scheme (for that additional fee is payable) and hence there will be no collateral but promoters personal guarantee is required

  9. Expenses eligible for assistance under this scheme : Product development expenses, Purchase of machinery, tools, computers etc, Promoters’ margin of working capital, Any other expenses relevant for business.


Syed Haseeb Arfath

"SS Halcyon helped us getting loan quickly at the right time"

Syed Haseeb Arfath,
Director of Kerberon Automations Private Limited.

Harsha Mahabala

"SS Halcyon took us to relevant banks and VCs in quick time"

Harsha Mahabala,
Director of Gumbi Software Private Limited.

Ravi Teja

"SSHalcyon has been our adviser and friend, helping us take every financial decision in a completely informed manner right from incorporation to fund raising."

Ravi Teja,
Director of BigTalk

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