Working Capital to Hotel & Tourism
11.00%
Power Your Services – Working Capital Support for Smooth Operations
Service industry looking for bank finance to meet its day-to-day functioning of the business for making payment such as salary, utility bills, rents etc. T Bank is there to assist your financial requirement through Working Capital to Service Industry.
Purpose: For the purpose of meeting working capital gap
Eligibility
- Individual/firms who wish to start hotel/resort/schools/Colleges or any project involved in the business of delivering services.
Quantum
- Maximum of 75% of project cost.
Tenure
- 30 year excluding gestation period
Documents Required
- Application
- Copy of citizenship identity card
- Company/Business income tax assessment and tax clearance certificate of company/business units, if it is in operation.
- Certificate of Incorporation issued by the ROC, if applicable
- Audited Financial Statements- Balance sheet & P& L Account for last three years, if it is in operation.
- Projected profit & loss statement for next financial year.
- Valid Trade License.
- Board resolution wherever applicable
- Valid Trade License.
- Board resolution wherever applicable
- Copy of stock insurance/ building insurance/company assets insurance
- Ownership certificate(s) of the collateral security offered to bank.
- Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
- For family-owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
- Individual/firms who wish to start hotel/resort/schools/Colleges or any project involved in the business of delivering services.
- Maximum of 75% of project cost.
- 30 year excluding gestation period
- Application
- Copy of citizenship identity card
- Company/Business income tax assessment and tax clearance certificate of company/business units, if it is in operation.
- Certificate of Incorporation issued by the ROC, if applicable
- Audited Financial Statements- Balance sheet & P& L Account for last three years, if it is in operation.
- Projected profit & loss statement for next financial year.
- Valid Trade License.
- Board resolution wherever applicable
- Valid Trade License.
- Board resolution wherever applicable
- Copy of stock insurance/ building insurance/company assets insurance
- Ownership certificate(s) of the collateral security offered to bank.
- Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
- For family-owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
