Private Funding Loan

Private Funding

Private funding means capital from private sources such as businesses, foundations, Private Funds, societies, Associations, Money Lending Companies, Privately held NBFCs. These funds can come in as loans or in exchange for equity. When the Banking Sector fails to satisfy the needs of funding, people look at Private Funding. Private Funding carries certain level of risk as the fund provider goes beyond the limit to finance he will need security in from of mortgage of property or equity in business. Private Funding comes with high interest rate. Private Funding is suitable for Construction Projects, Real Estate Developers, Schools, University, and high risk projects where Bankers fails to fund.

Who can Apply for Private Funding ?

• Proprietorship Firms
• Partnership Firms
• Private Limited Companies
• Real Estate Developers
• High Risk Projects with Huge Cost

Interest Rate

Interest Rate for Private Funding ranges from 18% to 24%.

Documents Required for Private Funding

• Passport Size Photo
• Pan Card
• Aadhar Card
• Address Proof of Business
• Government Reg. Business Proof (GST Certificate/Incorporation Certificate)
• 3 Year Income Tax Return with Balance sheet and Profit loss statement
• Bank Statement (Last 1 Year)
• Property Papers for Mortgage
• Project Papers for which Funding is required.

To Raise Funding from Private Sources Call Big Loans Today