Bank loan query


This query is : Resolved 

Quick Summary
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.

23 March 2021 its not possible, Please speak with banker for possibilities and alternate ways for financing your business

23 March 2021 how to calculate procedure

25 March 2021 75% on stock and debtors approx


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