The problem
The promoter had been turned down twice. The proposal showed a turnover jump the books could not support, and the machinery cost had no supporting quotations. Neither lender said so in writing — the file simply stopped moving.
What we did
- Rebuilt the capacity and utilisation build-up from actual shift data instead of installed capacity
- Reconciled projected turnover with GST filings and existing debtor days
- Collected and compiled machinery quotations, civil estimates and the working capital margin into a single project cost
- Routed the facility under CGTMSE so the collateral shortfall stopped being the deciding issue
Outcome
Sanctioned as a composite facility. The unit added a second grinding and packing line and moved from single-shift to double-shift operation within the first year.
“The third proposal had the same business in it as the first two. The difference was that this one answered the questions before the bank asked them.”