Union Equipment Finance: Power Your Business Growth

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Union Equipment Finance

Finding the best finance for buying the best machinery and equipment for your business is as difficult as finding the equipment themselves. But your search is now over with Union Equipment Finance. Get the best finance for top-notch industrial vehicles, machinery, equipment to make your business stand apart.

All MSME and Non-MSME units irrespective of line of activity availing Working capital (FB/NFB (both LC and BG) / Term Loan limits from our Bank
New to Bank MSME (all activities) and New to Bank Non-MSME (Contractors) with External Credit Rating BBB and above.
Borrower should be in business for minimum 2 years. Unit must be profit making and not under SMA category as on date of sanction. Account should not be SMA-2 during last 12 months.
New to Bank MSME borrowers with compliance to the following (in place of external rating of ‘BBB’ & above) are also eligible with maximum limit of Rs 10 Crs:
- To be in operation for minimum 2 years.
- Registered Net profit for past 2 years.
- Account should not be appearing as SMA-1 and SMA-2 with any lenders in past 2 years.
- CIC score of the promoters/directors should be 700+.
- CIBIL CMR, Financial benchmark ratios as per Bank’s extant policy