Self Employed (Private Ltd. Co. and Partnership Firms):
Profit and loss account of two years audited by a chartered accountant.
Self Employed Individuals -
Income tax returns for the last two years and Bank statements for last 6 months and P & L and balance sheet for last two years audited by a chartered accountant and Copies of IT returns for the last two years
Professionals: - Income tax returns for the last two years and Bank statements for last 6 months and P & L and balance sheet for last two years audited by a chartered accountant
Personal loan documents to be submitted by a salaried person include:
Personal loan documents to be submitted by self-employed professionals include:
PAN Card: For Company /Firm/ individual
Methods of Project Financing
The Project Manager can choose any one or a combination of two or more of these methods to finance the project.
Stages in Project Financing
Pre- finance stage
A) Project identification
B) Identifying risk and minimizing
“The right project at the right time at the right place and at the right price”.
There should be adequate amount of resources available for the project to be implemented.
C) Technical and Financial feasibility
An organization before starting any new project or expanding an existing one must look into analyzing each and every factor which is essential for the project to be feasible. It must be financially as well as technically feasible.
a) Arrangement of equity/debt/loan.
b) Negotiation and Syndication of the same.
c) Documentation and checking all the rules and regulations or policies relating to the starting of the project.
a) Monitoring and review of project from time to time. The project manager must keep a check on the proper working of the project.
b) Project closure – It is ending the project
c) Repayment and monitoring
The amount taken in the form of loan, equity and debt must be repaid back and proper monitoring and control of the project must be carried.
The banks will generally demand the following documents
- Company Profile.
- Management Profile.
- Last Three Years' Audited Financial Statements.
- Certificate of Incorporation of the Company.
- Copies of MOA & AOA.
- Copy of Business Bank Statement.
- Detail of Existing Loans from Other Banks.
- Project feasibility report.
- Project Cash Flow Report
- Agreements Related to Project
- Pay-Back Plan and Income Sources
- Detail of Assets available for Collateral