Start Up Funding without Collateral

Transco Logistix World Wide is a Freight Forwarding Company owned by Mr.Frank Samson who had a very good corporate career before he started this company in August 2022

Turnover: Company Started the operations in August 2022 and Till March 2023, Company did a turnover of 9.89 Crores
Challenges:

• No Audited Financials Available
• No Collateral Available
• No Stock Available because it is a service industry (Freight Forwarder)

Funding Required: 2 Crores

Solution:
We arranged a CC Limit of 2 Crores from a reputed Nationalized Bank without Collateral. We took CGT Cover of 2 Crores and gave the CC Limit at 9.60% Rate of Interest