# Blacksoil Capital business loans > Blacksoil Capital is on Recur Club's lender panel, writing overdraft / cash credit, purchase invoice discounting, sales invoice discounting and 4 other products. Observed tickets run ₹2 cr to ₹40 cr, priced between 13% and 16.2%. Median turnaround from application to disbursal is about 106 days. Source: https://www.recurclub.com/lenders/blacksoil-capital Last updated: 2026-09-29 ## Products and indicative terms Observed on live transactions. Not an offer or a quote. | Product | Ticket | Rate | Tenure | |---|---|---|---| | Purchase Invoice Discounting | ₹2 cr | 13% | 12 mo | | Sales Invoice Discounting | ₹5 cr | 16.2% | 12 mo | | Secured Term Loan | ₹40 cr | 14% | 18 mo | Also offered, with no terms observed yet: Overdraft / Cash Credit, Vendor Financing, Venture Debt, Working Capital Demand Loan. ## Eligibility ### Will not fund - Negative sector for Purchase Invoice Discounting: Engineering, Procurement, and Construction (EPC) — marked Critical importance - Negative sector for Vendor Financing: Engineering, Procurement, and Construction (EPC) — marked Critical importance - Negative sector for Distributor Financing: Engineering, Procurement, and Construction (EPC) — marked Critical importance - Infrastructure removed from approved Company Sector list for Purchase Invoice Discounting — no longer an eligible sector - Infrastructure removed from approved Company Sector list for Vendor Financing — no longer an eligible sector - Infrastructure removed from approved Company Sector list for Distributor Financing — no longer an eligible sector - "As per what they are asking, it is not possible from our side" on Riddhi Steel's requested terms, though open to a final call with Gaurav/Vatsal if some flexibility is shown - Lender stated: cannot do ₹10 crore without drawdown at 11% rate, 0.25% processing fee, with no documentation or visit charges — 'not possible from our side' - Is not keen to take it forward (declined; detailed reasons awaited) - Client needs purchase invoice discounting for Reliance Industries which doesn't accept lender payments, requiring a WCDL product that the lender cannot provide - Lender not willing to top up, despite having indicated earlier they would - Won't do 36 months - EPC is a negative segment for us; hence dropped - Have rejected Yulu in the past - Infrastructure removed from approved Company Sector list for Distributor Financing — no longer an eligible sector (×2 · latest ) - Negative sector for Distributor Financing: Engineering, Procurement, and Construction (EPC) — marked Critical importance (×2 · latest ) - Infrastructure removed from approved Company Sector list for Purchase Invoice Discounting — no longer an eligible sector (×1 · latest ) - Negative sector for Purchase Invoice Discounting: Engineering, Procurement, and Construction (EPC) — marked Critical importance (×1 · latest ) - "As per what they are asking, it is not possible from our side" on Riddhi Steel's requested terms, though open to a final call with Gaurav/Vatsal if some flexibility is shown (×1 · latest ) - Lender stated: cannot do ₹10 crore without drawdown at 11% rate, 0.25% processing fee, with no documentation or visit charges — 'not possible from our side' (×1 · latest ) ### Prefers - Can consider second-charge deals but needs strong cash flow support - Krushant's team focuses more on new-age businesses - Moving toward larger ticket sizes, with Caspian team operating more independently on smaller loans - Not keen to do deals at second charge - Very selective on commodity sectors like steel due to market oversupply of commodity deals and price fluctuations - …more in playbook - Can consider second-charge deals but needs strong cash flow support - Krushant's team focuses more on new-age businesses - Moving toward larger ticket sizes, with Caspian team operating more independently on smaller loans - Not keen to do deals at second charge - Very selective on commodity sectors like steel due to market oversupply of commodity deals and price fluctuations - Looking to diversify further into SMEs under supply chain financing - Focus is on building a granular book of profitable companies in supply chain products - Being selective on purchase invoice discounting deals given strong existing deal flow; prefers working with partners that have high conversion - Distributor Financing restricted to Private Limited and Public company types ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · age ≥2y (varies by product) · pan-India (varies by product) · avoid: Engineering, Procurement, and Construction (EPC) (varies by product) · sector-agnostic (55 sectors — full list in data JSON) (varies by product) · Private Limited, Public (varies by product) - Financials: runway ≥6mo (secured term loan, venture debt, working capital demand loan only) · rev ≥₹30cr (secured term loan, venture debt, working capital demand loan) · rev ≥₹100cr (distributor financing, purchase invoice discounting, vendor financing) · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · networth ≥₹10cr (secured term loan, venture debt, working capital demand loan) · networth ≥₹5cr (distributor financing, purchase invoice discounting, vendor financing) · debt/networth ≤4 · DSCR ≥1 - Deal: rate 13–18% (range across products — see matrix) · ticket ₹2–80cr (range across products — see matrix) · tenure 12–36mo (range across products — see matrix) · no PEP - Security (observed): FD margin 10–15% (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · 1st/pari-passu charge on current assets (59%) - median ticket ₹10cr - median rate 14% - median turnaround 106d - Security asked in : FD margin 20–30% (×9), Personal Guarantee Of Promoters/Directors (×8), 1st/pari-passu charge on current assets (×8), Fixed Deposit <5% (×8) - Security asked in : 1st/pari-passu charge on current assets (×24), Personal Guarantee Of Promoters/Directors (×19), FD margin 10–15% (×11), FD margin 5–10% (×8) - Security asked in 2026: FD margin 10–15% (×29), Personal Guarantee Of Promoters / Directors / Property Owner (×29), 1st/pari-passu charge on current assets (×17), FD margin 5–10% (×4) - share → in-principle approval (initial interest): ≈82d - in-principle approval → sanction (underwriting): ≈44d - sanction → disburse (closing): ≈17d ## Sanctioned terms (from 5 real sanction letters) ### Sanctioned amount: median ₹2.5 cr (₹75L–₹15 cr) · RENEWAL ×1 - median ₹2.5 cr (₹75L–₹15 cr) · RENEWAL ×1 ### Typical covenants: - No further borrowing without lender consent — 20% of letters (e.g. "'s existing credit facility agreements with require InCred's formal consent before avail…") - No further borrowing without lender consent — 20% of letters (e.g. "'s existing credit facility agreements with require InCred's formal consent before avail…") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Blacksoil Capital lend? Blacksoil Capital writes overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, vendor financing, venture debt and 1 further products. Across those, observed facilities run ₹2 cr to ₹40 cr. ### What ticket size does Blacksoil Capital offer? Facilities observed on live transactions run from ₹2 cr to ₹40 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for. ### What rate does Blacksoil Capital charge? Rates observed on live transactions fall between 13% and 16.2% a year. Tenures run 12 to 18 months. These are observed figures, not a quote, and the rate you are offered depends on your file. ### How long does Blacksoil Capital take to disburse? About 106 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it. ### What are Blacksoil Capital's eligibility criteria? The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Blacksoil Capital's current policy.