# Shivalik Small business loans > Shivalik Small is on Recur Club's lender panel, writing secured term loan. Source: https://www.recurclub.com/lenders/shivalik-small Last updated: 2026-10-20 Also offered, with no terms observed yet: Secured Term Loan. ## Eligibility ### Screening gates and observed behaviour - Borrower: age ≥2y · CIBIL ≥650 · avoid: Banking, Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Education and Training, Electric Vehicle, Electronics System Design & Manufacturing, Engineering and Capital Goods, Engineering, Procurement, and Construction (EPC), Explosives, Arms and Ammunitions, Financial Services, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, 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), Renewable Energy, Retail (Consumer Goods), Roads, SaaS, Science and Technology, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading · Haryana, Himachal Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Chandigarh, Delhi, Jammu and Kashmir, Ladakh · Private Limited, Public, Sole proprietorship, Limited Liability Partner · sector-agnostic (47 sectors — full list in data JSON) - Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 - Deal: rate 10–14% · ticket ₹0–30cr · tenure 18–36mo · no PEP - Security (observed): 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) - Security asked in : 1st/pari-passu charge on current assets (×1), Personal Guarantee Of Promoters / Directors / Property Owner (×1) ## Common questions ### What does Shivalik Small lend? Shivalik Small writes secured term loan. ### What are Shivalik Small'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 Shivalik Small ask for? Observed across sanctions: 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%). ### How do I apply to Shivalik Small? You do not apply to Shivalik Small directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Shivalik Small's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached. ### Is Shivalik Small 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 Shivalik Small 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 Shivalik Small's current policy.