Spark Fund business loans
Spark Fund is on Recur Club's lender panel, writing secured term loan.
- ✓We check your fit against every lender on the panel, not just this one
2 lenders under one brand
They share a screening philosophy but not a book. Which one your file goes to depends on what you are borrowing against.
Spark Fund Managers Private Limited
- Borrower: age ≥2y
- CIBIL ≥650
- avoid: Financial Services, Banking, Real Estate (non asset Light)
- pan-India
- Private Limited, Public
- sector-agnostic (47 sectors — full list in data JSON)
18 more ▾ ▴
- Financials: runway ≥12mo
- rev ≥₹70cr
- TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4
- debt/networth ≤4
- DSCR ≥1
- Deal: rate 13–18%
- ticket ₹20–50cr
- tenure 12–48mo
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
- FD margin 10–15% (83%)
- 1st/pari-passu charge on current assets (67%)
- 2nd charge on current assets (50%)
- share pledge ≤51% (50%)
- 1st charge on P&M (50%)
- Security asked in : 1st/pari-passu charge on current assets (×7), Personal Guarantee Of Promoters/Directors (×5), FD margin 5–10% (×3), FD margin 15–20% (×2)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×6), FD margin 10–15% (×5), 1st/pari-passu charge on current assets (×4), 2nd charge on current assets (×3)
- share → in-principle approval (initial interest): ≈34d
Spark Pwm Private Limited
- Borrower: age ≥2y
- CIBIL ≥650
- avoid: Real Estate (asset Light), E-Commerce, Electric Vehicle
- pan-India
- Private Limited, Public
- sector-agnostic (47 sectors — full list in data JSON)
13 more ▾ ▴
- Financials: EBITDA ≥₹1cr
- runway ≥12mo
- rev ≥₹75cr
- TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4
- debt/networth ≤4
- DSCR ≥1
- Deal: rate 12–16%
- ticket ₹20–150cr
- tenure 12–18mo
- no PEP
- Security: 1st/pari-passu charge on current assets
- 2nd charge on current assets
What Spark Fund 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 | Arm |
|---|
Also offered, with no terms observed yet: Secured Term Loan.
What borrowers ask about Spark Fund
- What does Spark Fund lend?
- Spark Fund writes secured term loan.
- What are Spark Fund'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 Spark Fund ask for?
- Observed across sanctions: Personal Guarantee Of Promoters / Directors / Property Owner (100%) · FD margin 10–15% (83%) · 1st/pari-passu charge on current assets (67%) · 2nd charge on current assets (50%) · share pledge ≤51% (50%) · 1st charge on P&M (50%).
- How do I apply to Spark Fund?
- You do not apply to Spark Fund directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Spark Fund's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.
- Is Spark Fund 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 Spark Fund screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.
Next steps after Spark Fund
Answer a short set of questions and see which lenders on the panel your file clears, on each one's own recorded criteria.
Search the panel by name, product or ticket size, and compare credit boxes side by side.
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See whether Spark Fund is the right lender for you
A few questions. Recur Market scores you against Spark Fund and the rest of the panel, on each lender's own recorded criteria.
Check my matchLast updated
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 Spark Fund's current policy. Terms are set by the lender at the time of sanction.