For Manufacturers

Funding for Manufacturers — Term Loans, CC, Machinery Finance & CGTMSE

Manufacturing needs the right mix of term loan, working capital, machinery finance and BG limits. We structure the complete facility stack.

Manufacturing is asset-heavy, cyclical, and has long working capital cycles. The financing structure usually combines four facilities — term loan for capex, CC for working capital, machinery finance for equipment, and BG limits for procurement. Velixa Capital structures the complete stack so each facility matches its use, instead of one large mispriced loan.

What we structure for manufacturers

Term loan (capex)

For plant, building, expansion. 5–10 year tenure, secured. Bank or NBFC. We negotiate rate, tenure, and prepayment terms.

Cash credit (working capital)

Revolving limit against inventory + receivables. 12-month renewable. We help with drawing power computation and monthly stock statements.

Machinery finance

Asset-backed loan for specific equipment. Lender holds lien on the machine. Lower rate, tenure matches asset life. We match you to the right asset finance company.

BG / LC limits

Non-fund-based limits for procurement (LC for raw material imports) and contracts (BG for tenders). Saves cash outflow.

CGTMSE-backed loans

Collateral-free up to ₹5 Cr under the Credit Guarantee scheme. We help with the eligibility check and the guarantee registration process.

LAP for factory premises

If you own the factory or another property, LAP at 9–12% p.a. for major capex or refinancing costlier debt.

Typical manufacturer engagement

  • Full file diagnosis across 6 pillars — CIBIL, banking, ITR, GST, obligations, collateral
  • Asset cover computation — total secured loans ÷ net owned assets
  • Combined DSCR analysis across existing + proposed facilities
  • Stock and receivables statement preparation (with stock age analysis)
  • Order book documentation — confirmed orders, principal relationships
  • Shortlist 1–2 lenders based on sector appetite and ticket size
  • Negotiation of rate, tenure, drawing power, margins
  • Post-disbursement support — monthly stock statements, RCC reviews, renewals

Common manufacturer scenarios

Manufacturers we've structured financing for

Auto components manufacturer, ₹15 Cr turnover

Needed ₹4 Cr for new CNC line. Structured: ₹2.5 Cr machinery finance at 11% (lien on CNC) + ₹1.5 Cr LAP against factory at 10%. Blended rate 10.6% vs 16% unsecured alternative.

Pharma manufacturer with sector exposure cap

PSU bank had sector exposure cap on pharma. Pivoted to private bank + NBFC consortium: ₹3 Cr term loan + ₹2 Cr CC at blended 12% (vs 18% if forced to fintech).

Small manufacturer with weak ITR but strong cash flow

Tax-optimised ITR was killing bank DSCR. Took 6-month ITR cleanup approach + CGTMSE-backed ₹1 Cr term loan at 11% (collateral-free, government-guaranteed).

Established manufacturer consolidating multiple loans

₹3 Cr across 5 expensive loans (avg 17%). Consolidated into ₹3 Cr LAP at 10.5% + ₹1 Cr CC at 11%. Saves ₹18 L/year in interest.

FAQ

Common questions

How do you decide between term loan, CC and machinery finance?+

By use of funds. Term loan for plant/building/long-term capex (5–10 year tenure, secured against property). CC for working capital (revolving, against stock + receivables). Machinery finance for specific equipment (asset-backed, lien on the machine). The mix depends on what you're buying — rarely is one facility right for everything.

Can you help with CGTMSE for a new manufacturing unit?+

Yes — CGTMSE is one of the most useful instruments for manufacturers. Up to ₹5 Cr collateral-free, with the Credit Guarantee Trust providing cover. Most banks and NBFCs offer it. The processing is slightly longer (guarantee registration) but the absence of collateral requirement is a major advantage. We handle the eligibility check, the documentation, and the guarantee registration.

I have an existing CC and want to increase the limit — can you help?+

Yes — CC renewals and enhancements are a common engagement. We review your current drawing power, your stock and receivables growth, and approach your existing lender (or a new one) for an enhanced limit. Often a fresh lender will offer a significantly higher limit at a competitive rate if your file has improved since the original CC was sanctioned.

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