A textile retail business owner with capital of £3 lacs and sales of £20 lacs is seeking a £10 lac bank loan. While a direct loan of this size might be challenging, the advice suggests consulting with a banker to explore possibilities and alternative financing methods. The discussion also touches upon how banks might consider stock and debtors for loan calculations, potentially offering up to 75% against these assets.
23 March 2021
Sir, A textile retail business dealer Capital Rs:3 lacs Sales Rs:20 lacs Stock Rs: 3,50,000/- Question: A person Rs:10 lacs bank loan required eligible.