# Evam Finance business loans

> Evam Finance is on Recur Club's lender panel, writing sales invoice discounting, secured term loan.

Source: https://www.recurclub.com/lenders/evam-finance
Last updated: 2026-10-20

Also offered, with no terms observed yet: Sales Invoice Discounting, Secured Term Loan.

## Eligibility

### Will not fund

- Automatic disqualifiers: RBI defaulter/CIBIL SMA-2+/ECGC caution list, ongoing insolvency/winding-up/NCLT proceedings, adverse PMLA/AML/sanctions match, exclusion-list activities (speculative trading, crypto, hazardous activities, child/forced labour), unclear beneficial ownership, undisclosed related-party structures designed to obscure cashflows
- Won't fund (stated policy): speculative trading · crypto · hazardous activities · child/forced labour
- Selective / conditional (stated policy): WC-GCP: Climate Mitigation (M1–M3) or Adaptation (A1–A3) only · WC-Invoice Discounting: Climate M1/M2 only · Term Loan: Climate M1–M3 / A1–A3 · PO Financing: Climate M1/M2 only; PO must be for Climate Mitigation or Adaptation activities (M1/M2/A1-A3) · +1 more (playbook)

### Screening gates and observed behaviour

- Borrower: age ≥2y · CIBIL ≥650 · avoid: Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Banking, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Education and Training, Electronics System Design & Manufacturing, Engineering and Capital Goods, Explosives, Arms and Ammunitions, Financial Services, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Insurance, Lottery Business, Manufacturing, Media and Entertainment, Medical Devices, Metals and Mining, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Others, Paper & Packaging, Pharmaceuticals, Ports, Power, Railways, Real Estate (asset Light), Real Estate (non asset Light), Retail (Consumer Goods), Roads, SaaS, Science and Technology, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading · pan-India · positive sector: Infrastructure, Electric Vehicle, Engineering, Procurement, and Construction (EPC), Renewable Energy
- Financials: rev ≥₹10cr (secured term loan) · rev ≥₹5cr (purchase invoice discounting, sales invoice discounting) · rev ≥₹2cr (working capital demand loan) · TOL/adjusted tangible net worth ≤3 · debt/EBITDA ≤3 · maximum annualrevenue: 500 · debt/networth ≤3 · DSCR ≥1.2 · networth ≥₹2cr (working capital demand loan only)
- Deal: rate 14–16.5% (range across products — see matrix) · ticket ₹1–10cr (range across products — see matrix) · tenure 12–60mo (range across products — see matrix)
- Security (observed): 1st/pari-passu charge on current assets (100%) · 1st charge on P&M (67%)
- Security asked in 2026: 1st/pari-passu charge on current assets (×3), 1st charge on P&M (×2), Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (×1), Personal Guarantee Of Promoters / Directors / Property Owner (×1)

## Common questions

### What does Evam Finance lend?

Evam Finance writes sales invoice discounting, secured term loan.

### What are Evam Finance'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.

### Who does Evam Finance not fund?

Automatic disqualifiers: RBI defaulter/CIBIL SMA-2+/ECGC caution list, ongoing insolvency/winding-up/NCLT proceedings, adverse PMLA/AML/sanctions match, exclusion-list activities (speculative trading, crypto,... Sector and structure exclusions are listed in full on this page.

### What security does Evam Finance ask for?

Observed across sanctions: 1st/pari-passu charge on current assets (100%) · 1st charge on P&M (67%).

### What documents does Evam Finance ask for?

Most often audited financials, bank statements, cap table / equity, debt schedule / sanction letters, legal / kyc. Having these ready before the first call is what shortens the turnaround.

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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 Evam Finance's current policy.