# Equentia Financial business loans > Equentia Financial is on Recur Club's lender panel, writing operating lease, overdraft / cash credit, purchase invoice discounting and 5 other products. Observed tickets run ₹1.5 cr to ₹5 cr, priced between 14.2% and 16%. Median turnaround from application to disbursal is about 62 days. Source: https://www.recurclub.com/lenders/equentia-financial 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 | ₹5 cr | 14.2% | 12 mo | | Working Capital Demand Loan | ₹1.5–2.5 cr | 14.5–16% | 12 mo | Also offered, with no terms observed yet: Operating Lease, Overdraft / Cash Credit, Sales Invoice Discounting, Secured Term Loan, Unsecured Business Loan, Vendor Financing. ## Eligibility ### Will not fund - Cannot give payout to a partner who has not sourced the case originally - Finance team will not allow payout to a partner who didn't originally source the case - System does not allow tagging a case to a partner who has not sourced it originally - No disbursement should happen on this case; do not process it - Not doing top-up for cases unless it was originally disbursed by them - Can't book a loss even for a single case, due to unit economics - Case rejected in PD for being over-leveraged - Will not fund export/import industry - Negative list: retail garments (showroom inventory risk), mobile phones, gold, real estate, road infrastructure - Swift++ won't work without charge - We are not authorized to give interest on the cash collateral from a regulatory standpoint - DevX decided not to move forward with the deal since the borrower (Parin) could not provide the required due-diligence details upfront within their timeline - Gorakhpur is not serviceable - Won't go through credit due to history - Declined the sanction letter because the approved loan amount was lower than initially proposed and did not meet their requirements - Won't proceed ahead due to quantum mismatch - Dropped by Credable due to discomfort with the segment and not very high scale - Can't run under Spark as there is no personal guarantee - Not deploying in Gujarat currently - Not doing Gujarat - Will not go through their system due to negative net worth in FY25 - Won't go through the system due to discomfort with EPC+Infra sector and receivables position - Not covering Indore as a location for now - Can't do WCDL for seed-stage companies ### Prefers - Can do solar EPC - Not keen on traders, have hardly funded any - Open to quality unsecured cases at 15% rate, 10-12% cash margin, with personal guarantee - Comfort is with 12-15 month term loans but can consider revolving lines where needed - New programme for early-stage companies with $1-2mn raised: exposure up to ₹10mn (₹2cr), targeting ecommerce/qcomm sellers, D2C, and B2B companies with large buyers - …more in playbook - Can do solar EPC - Not keen on traders, have hardly funded any - Open to quality unsecured cases at 15% rate, 10-12% cash margin, with personal guarantee - Comfort is with 12-15 month term loans but can consider revolving lines where needed - New programme for early-stage companies with $1-2mn raised: exposure up to ₹10mn (₹2cr), targeting ecommerce/qcomm sellers, D2C, and B2B companies with large buyers - Prefers small companies with good receivables, tech/SaaS with good end clients - Prefers escrow-backed structures - Prefers revolving lines, but okay to do term loans - Prefers D2C brands, ecommerce/quick-commerce sellers, and new B2B startups (infra, chemicals) for this program - Willing to evaluate a two-way referral fee-sharing agreement - Open to offering higher fee in exchange for exclusivity and better pricing - Keen on doing an FLDG program - For SID, escrow is a must; can proceed without charge on all assets but needs exclusive charge on receivables like Flipkart's - Prefers a fully automated 'no human touch point' rejection process with no conversational back-and-forth - Wants healthy financial ratios for the company - Wants CIBIL to be good without any major negative findings - Can do 20/25cr limits but not in the first time. It will be in the form of limit enhancement - Minimum XIRR - 16.5% or 17% ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · age ≥2y (varies by product) · avoid: Infrastructure, Roads, Tobacco Products, Explosives, Arms and Ammunitions, Gambling and Betting, Lottery Business (varies by product) · pan-India (varies by product) · sector-agnostic (50 sectors — full list in data JSON) (varies by product) · Private Limited, Public, Limited Liability Partner (varies by product) - Financials: rev ≥₹30cr (purchase invoice discounting, secured term loan, working capital demand loan) · rev ≥₹10cr (sales invoice discounting) · rev ≥₹300cr (vendor financing) · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 - Deal: rate 13–17% · ticket ₹0–15cr (range across products — see matrix) · tenure 6–18mo (range across products — see matrix) · no PEP - Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · FD margin 10–15% (92%) - median ticket ₹5cr - median rate 14% - median turnaround 62d - Security asked in : Personal Guarantee Of Promoters/Directors (×1) - Security asked in : FD margin 20–30% (×10), Fixed Deposit <5% (×9), FD margin 5–10% (×9), FD margin 10–15% (×9) - Security asked in : Personal Guarantee Of Promoters/Directors (×38), FD margin 10–15% (×28), 1st/pari-passu charge on current assets (×22), FD margin 5–10% (×14) - Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×24), FD margin 10–15% (×22), 1st/pari-passu charge on current assets (×11), FD margin 5–10% (×6) - share → in-principle approval (initial interest): ≈5d - in-principle approval → sanction (underwriting): ≈26d - sanction → disburse (closing): ≈33d ## Sanctioned terms (from 2 real sanction letters) ### Sanctioned amount: median ₹5 cr · NEW ×1 - median ₹5 cr · NEW ×1 ### Typical security: Receivables / Designated Account ×1, auto-debit mandate ×1, Undated cheques ×1, Personal Guarantee ×1 - Receivables / Designated Account ×1, auto-debit mandate ×1, Undated cheques ×1, Personal Guarantee ×1 ### Typical covenants: - Financial-ratio threshold to be maintained — 50% of letters (e.g. "Minimum utilization level of 80% required; if average utilization of facility limits for a quarter is below 80% of sanctioned limits, Commitment Charges of Rs. …") - Financial-ratio threshold to be maintained — 50% of letters (e.g. "Minimum utilization level of 80% required; if average utilization of facility limits for a quarter is below 80% of sanctioned limits, Commitment Charges of Rs. …") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Equentia Financial lend? Equentia Financial writes operating lease, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, unsecured business loan and 2 further products. Across those, observed facilities run ₹1.5 cr to ₹5 cr. ### What ticket size does Equentia Financial offer? Facilities observed on live transactions run from ₹1.5 cr to ₹5 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for. ### What rate does Equentia Financial charge? Rates observed on live transactions fall between 14.2% and 16% a year. Tenures run 12 to 12 months. These are observed figures, not a quote, and the rate you are offered depends on your file. ### How long does Equentia Financial take to disburse? About 62 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 Equentia Financial'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 Equentia Financial's current policy.