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A Project Loan usually refers to financing provided for setting up, expanding, or modernizing a business project. It is different from a personal or working capital loan because it is specifically tied to a particular project and its expected cash flows.
A project loan is funding given to businesses, entrepreneurs, or organizations for starting a new venture, expanding an existing project, or setting up a large-scale business unit. Repayment is generally linked to the revenues generated by the project.
• Detailed Project Report (business plan, financials, expected revenue, repayment plan)
• KYC of promoters / directors
• Company incorporation documents (if applicable)
• Balance sheets, ITRs, bank statements
• Collateral documents (property papers, valuation reports, etc.)
• Approvals / licenses (depending on project type)
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