# Michael and Susan business loans

> Michael and Susan is on Recur Club's lender panel, writing sales invoice discounting, secured term loan.

Source: https://www.recurclub.com/lenders/michael-and-susan
Last updated: 2026-10-20

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

## Eligibility

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650
- Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1
- Deal: rate 9–18% · ticket ₹10–30cr · tenure 12–48mo
- Security (observed): Escrow Of Cashflows (100%) · Personal Guarantee Of Promoters/Directors (50%) · 1st/pari-passu charge on current assets (50%) · Fixed Deposit <5% (50%) · FD margin 5–10% (50%) · FD margin 10–15% (50%) · FD margin 15–20% (50%) · FD margin 20–30% (50%) · FD margin 30–40% (50%) · FD margin 40–50% (50%) · Commercial/Office Property/Factory Building - Exclusive First Charge (50%) · Corporate Guarantee (50%) · Warrants >10% (50%)
- Security asked in : Escrow Of Cashflows (×2), Personal Guarantee Of Promoters/Directors (×1), 1st/pari-passu charge on current assets (×1), Fixed Deposit <5% (×1)

## Common questions

### What does Michael and Susan lend?

Michael and Susan writes sales invoice discounting, secured term loan.

### What are Michael and Susan'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.

### What security does Michael and Susan ask for?

Observed across sanctions: Escrow Of Cashflows (100%) · Personal Guarantee Of Promoters/Directors (50%) · 1st/pari-passu charge on current assets (50%) · Fixed Deposit <5% (50%) · FD margin 5–10% (50%) · FD margin 10–15% (50%) · FD margin 15–20% (50%) · FD margin 20–30% (50%) · FD margin 30–40% (50%) · FD margin 40–50% (50%) · Commercial/Office Property/Factory Building - Exclusive First Charge (50%) · Corporate Guarantee (50%) · Warrants >10% (50%).

### How do I apply to Michael and Susan?

You do not apply to Michael and Susan directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Michael and Susan's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

### Is Michael and Susan the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Michael and Susan screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.

---

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 Michael and Susan's current policy.