What does LC Venture lend?

LC Venture writes operating lease, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, venture debt and 1 further products. Across those, observed facilities run ₹5 cr to ₹35 cr.

What ticket size does LC Venture offer?

Facilities observed on live transactions run from ₹5 cr to ₹35 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.

What rate does LC Venture charge?

Rates observed on live transactions fall between 10% and 15% a year. Tenures run 12 to 60 months. These are observed figures, not a quote, and the rate you are offered depends on your file.

How long does LC Venture take to disburse?

About 48 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 LC Venture'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.

Lender profile

LC Venture business loans

LC Venture is on Recur Club's lender panel, writing operating lease, overdraft / cash credit, purchase invoice discounting and 4 other products. Observed tickets run ₹5 cr to ₹35 cr, priced between 10% and 15%. Median turnaround from application to disbursal is about 48 days.

✓Tickets from ₹5 Cr – ₹35 Cr across 7 products
✓Indicative pricing 10% – 15%, as quoted on live transactions
✓We check your fit against every lender on the panel, not just this one

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Products live

— The screen your file has to clear

The screen your file has to clear

What is checked before anything else, and applies to every product below.

Rejects

Negative WC cycle is not desirable; have looked at it in the past, but didn't like — this will be a pass
LC not interested to move forward with the transaction; dropped from lender's side
Can't work with 16+1 structure with no cash margin.
Rejecting: 'not comfortable with low scale' and 'no strong equity backing'

3 more ▾

Dropped from LC side
Not keen here - no institutional investor, low net worth (was zero/negative till March, built net worth only this year)
Too early for them

Wins

Withdrew due to degrowth in the business
Not comfortable with company's month-on-month burn
Not comfortable with company's runway position
Not very keen on the deal due to negative net worth

3 more ▾

Prefers companies backed by an institutional investor; this one has none
…more in playbook
Minimum Adjusted Tangible Net Worth threshold for Term Loan reduced from INR 25 Cr to INR 20 Cr

Behaviour & gates

Borrower: CIBIL ≥650 (cohort ≈739)
sector-agnostic (46 sectors — full list in data JSON)
Private Limited, Public
Financials: TOL/adjusted tangible net worth ≤5
debt/EBITDA ≤4 (cohort ≈-0.4×)
debt to equity: 1

14 more ▾

networth ≥₹20cr (cohort ≈39.9)
debt/networth ≤4 (cohort ≈0.3×)
DSCR ≥1 (cohort ≈-1×)
Deal: rate 11–18%
ticket ₹3–50cr
tenure 12–30mo
no PEP
Security (observed): 1st/pari-passu charge on current assets (100%)
Security asked in : 1st/pari-passu charge on current assets (×11), Fixed Deposit <5% (×5), FD margin 5–10% (×5), FD margin 10–15% (×5)
Security asked in : 1st/pari-passu charge on current assets (×47), FD margin 10–15% (×19), FD margin 5–10% (×17), Personal Guarantee Of Promoters/Directors (×14)
Security asked in 2026: 1st/pari-passu charge on current assets (×41), FD margin 10–15% (×17), Personal Guarantee Of Promoters / Directors / Property Owner (×15), FD margin 5–10% (×11)
share → in-principle approval (initial interest): ≈10d
in-principle approval → sanction (underwriting): ≈81d
sanction → disburse (closing): ≈20d

— Products & indicative terms

What LC Venture lends, and on what terms

What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.

Product	Ticket	Pricing	Tenure
Secured Term Loan▾▴ Turnaround ~48d Wins Director overdue: 0.001 INR Cr [set , Khushbu Chheda] Director CIBIL: 650 → funded cohort ≈739 [set , Khushbu Chheda] Company types: Private Limited, Public [set , Khushbu Chheda] TOL: 5 [set , Khushbu Chheda] 18 more ▾ ▴ Debt / EBITDA: 4 → funded cohort ≈-0.42 [set , Khushbu Chheda] Equity Raised: 20 INR Cr [set , Khushbu Chheda] Debt To Equity: 1 [set , Khushbu Chheda] Min Networth: 20 INR Cr → funded cohort ≈39.9 [set , Khushbu Chheda] Debt / Net worth: 4 → funded cohort ≈0.29 [set , Khushbu Chheda] Debt Service Coverage Ratio: 1 → funded cohort ≈-1.04 [set , Khushbu Chheda] Offered terms (past deals): rate 10–13–15% ₹5–8.8–35 Cr 12–21–60 mo _(excl. 1 multi-product deal — no per-product split on record)_ Turnaround: ≈48 days (share→disburse) Asks for Other (×19) — e.g. Documentation expected by 13 Sept Asks for Term sheet (×12) — e.g. Ashish (LC) requests the signed Equity Termsheet Asks for Receivable/inventory ageing (×6) e.g. Trade receivables ageing (0-3031-6061-9091-120121-180180+ days) Asks for Cap table / equity (×5) — e.g. Requests current cap table / shareholding pattern Asks for MIS (×5) — e.g. Ashish requests updated MIS and balance sheet through June end Asks for Provisional financials (×4) — e.g. Requests monthly balance sheets with notes and schedules up to June Asks for Bank statements (×1) — e.g. Requires 1-year bank statements Asks for Debt schedule / sanction letters (×1) — e.g. Requests short-term debt schedule Behaviour & gates Min tenure (mo): 12 Months [set , Khushbu Chheda] Min ticket (₹cr): 3 [set , Khushbu Chheda] Max tenure (mo): 30 Months [set , Khushbu Chheda] Min rate (%): 11 [set , Khushbu Chheda] Politically Exposed Person: No [set , Khushbu Chheda] Max ticket (₹cr): 50 [set , Khushbu Chheda] 31 more ▾ ▴ Security required ['Charge On Current Assets - Second Charge''Fixed Deposit 5 - 10%']['Charge On Current Assets - Second Charge''Warrants 5-10%']['Charge On Current Assets - Pari Passu First Charge'] [setKhushbu Chheda] Max rate (%): 18 [set , Khushbu Chheda] rate — stated 11–18%, actually offered 10–15% → priced/sized below stated floor Amount — stated 3–50 Cr, actually offered 5–35 Cr → within stated band Tenure — stated 12–30 mo, actually offered 12–60 mo → exceeded stated ceiling Negative WC cycle is not desirable; have looked at it in the past, but didn't like — this will be a pass (×1 latest ) Can't work with 16+1 structure with no cash margin. (×1 latest ) Rejecting: 'not comfortable with low scale' and 'no strong equity backing' (×1 latest ) Dropped from LC side (×1 latest ) Not keen here - no institutional investor, low net worth (was zero/negative till March, built net worth only this year) (×1 latest ) Lender not interested; have passed on this deal in the past (×1 latest ) Too early for them (×1 latest ) LC prefers higher cash margin (20%) which earns a 5% interest rate benefit, versus 10% cash margin with no benefit (×1 latest ) Lender wants the equity inflow/round to close before funding the debt (×1 latest ) LC (LightHouse Canton) is not keen on this deal, viewing it as a trading business, and is not being pushed on it yet (×1 latest ) Not comfortable with runway post funding (×1 latest ) Not comfortable with the overall working capital requirement (×1 latest ) Lender is able to structure the facility as a term loan (TL), though the company is not agreeable to a TL (×1 latest )	₹5–35 cr	10–15%	12–60 mo
Venture Debt▾▴ Turnaround ~56d Wins Asks for Other (×2) — e.g. Lender awaiting MSA terms with Battery Smart, order book details, and OEM sales Asks for Audited financials (×1) — e.g. Annual audited financial statements to be presented under Information Rights, in Asks for Bank statements (×1) — e.g. Requires bank statement from the main operational account showing large customer Asks for Debt schedule / sanction letters (×1) — e.g. Lender requested the debt schedule document 2 more ▾ ▴ Asks for MIS (×1) — e.g. Requires month-on-month detailed MIS and Balance Sheet up to PAT level Asks for Receivable/inventory ageing (×1) — e.g. Lender awaiting order book, Battery Smart MSA terms, pitch deck, and payables ag Behaviour & gates Offered terms (past deals): rate 12–13.5–14% ₹15–22.5–30 Cr 18–30–30 mo Turnaround: ≈56 days (share→disburse) LC not interested to move forward with the transaction; dropped from lender's side (×1 latest ) 31 more ▾ ▴ Lender ok to remove pre-payment charges after 6 months. (×1 latest ) Lender was not comfortable funding the company given its sector, despite other lenders (RevX, BlackSoil) already in the cap stack (×1 latest ) LC (lending committee) not comfortable with the deal (×1 latest ) LC intent is low despite company's preference for LC (×1 latest ) Apprehensive of increasing further exposure to b2b marketplace segment (already high with groyyo, udaan, zetwerk) (×1 latest ) Prefers to look at companies that are at least Series A stage (×1 latest ) Not comfortable with company's month-on-month burn (×1 latest ) Not comfortable with company's runway position (×1 latest ) Approval currently sitting with Shilpi at LC (traveling); lender remains non-committal on timeline Customer requested Tranche 2 financial covenant be amended from quarterly collection to a 60-day cycle to match historical collection patterns. Deal is stalled because the promoter/ultimate decision-maker (Vinay) is unavailable due to travel and product launches finance team is aligned on LC terms but can't proceed without his go-ahead, expected to resume in the week of January. Cash margin of 20% Company/investors requested rate in the 11.25-11.50% range. Company/investors requested cash collateral margin be reduced to 30%. Company is prioritizing its equity round and pausing debt discussions for now CEO wants to go full throttle on equity given attractive consumer-brand multiples, and will revisit debt in a couple of weeks. Company requesting removal of the monthly burn clause from covenant terms Company/investors requested loan tenure be extended to 20 months. Company negotiating to revise Debt to Equity ratio covenant to 2x Lender prefers new files uploaded to a separate folder for easier tracking rather than mixed with existing files May downsize quantum to 10-12 cr due to end-use concerns High customer concentration (Kinetic) and elevated receivables flagged as diligence concerns; deal structure with company not yet finalized	₹15–30 cr	12–14%	18–30 mo
Working Capital Demand Loan▾▴ Turnaround ~76d Wins Asks for Other (×1) — e.g. Requested May'24 and Jun'24 financials along with FY24-25 targets Behaviour & gates Offered terms (past deals): rate 14–14.2–14.5% ₹10–10–10 Cr 12–12–12 mo _(excl. 2 multi-product deals — no per-product split on record)_ Turnaround: ≈76 days (share→disburse) Deprioritizing this quarter because B2B marketplace exposure (groyyo, udaan, zetwerk, truuchem) has risen a lot lender wants to wait for that exposure to come down before proceeding. (×1 5 more ▾ ▴ latest ) Call delayed as internal enabler Liquidity is stretched; company capitalising a lot of its costs, making it optically profitable Lender (LC) plans to pick this deal up next week, after closing the Zanskar term sheet. Liquidity is stretched	₹10 cr	14–14.5%	12 mo

Also offered, with no terms observed yet: Purchase Invoice Discounting, Sales Invoice Discounting, Operating Lease, Overdraft / Cash Credit.

— Common questions

What borrowers ask about LC Venture

What does LC Venture lend?: LC Venture writes operating lease, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, venture debt and 1 further products. Across those, observed facilities run ₹5 cr to ₹35 cr.
What ticket size does LC Venture offer?: Facilities observed on live transactions run from ₹5 cr to ₹35 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
What rate does LC Venture charge?: Rates observed on live transactions fall between 10% and 15% a year. Tenures run 12 to 60 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
How long does LC Venture take to disburse?: About 48 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 LC Venture'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.

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Last updated 29 September 2026

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 LC Venture's current policy. Terms are set by the lender at the time of sanction.