# 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.

Source: https://www.recurclub.com/lenders/lc-venture
Last updated: 2026-09-29

## Products and indicative terms

Observed on live transactions. Not an offer or a quote.

| Product | Ticket | Rate | Tenure |
|---|---|---|---|
| Secured Term Loan | ₹5–35 cr | 10–15% | 12–60 mo |
| Venture Debt | ₹15–30 cr | 12–14% | 18–30 mo |
| Working Capital Demand Loan | ₹10 cr | 14–14.5% | 12 mo |
| Purchase Invoice Discounting | - | - | - |
| Sales Invoice Discounting | - | - | - |

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

## Eligibility

### Will not fund

- 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'
- 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

### Prefers

- 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
- 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

### Screening gates and observed behaviour

- 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 · 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

## Common questions

### 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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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.