# UGRO Capital business loans > UGRO Capital is on Recur Club's lender panel, writing cashflow financing, machinery loan, secured term loan and 1 other products. Observed tickets run ₹50 lakh to ₹3 cr, priced between 14.3% and 20%. Median turnaround from application to disbursal is about 9 days. Source: https://www.recurclub.com/lenders/ugro-capital Last updated: 2026-09-29 ## Products and indicative terms Observed on live transactions. Not an offer or a quote. | Product | Ticket | Rate | Tenure | |---|---|---|---| | Cashflow Financing | ₹0.5–3 cr | 14.3–20% | 4–18 mo | Also offered, with no terms observed yet: Machinery Loan, Secured Term Loan, Working Capital Demand Loan. ## Eligibility ### Will not fund - "Considering the limited liquidity and uncertain funding visibility, we recommend dropping the case" — given ≈70L monthly cash burn and no signed SHA for the proposed equity infusion. - "This is not MSME in india, HQ in Singapore, wont be able to fund under this program" - Will no longer source new deals from the Kolkata location going forward - Sourcing restriction extends to West Bengal generally, not just Kolkata - As per our RBF policy, a 24-month tenor cannot be considered as funding under this program is not extended for such a long tenure - Case rejected: Main Applicant PAN is already used in another active application as Main Applicant - Will not fund agri equipment such as tractors - "We would pass this" — AI-only investment for a trading business looks more like an equity pitch than a debt market transaction, and the pitch document itself was unclear on revenue/working capital impact - Do not fund large corporates in the trading sector - Surat as a location combined with the textile industry is a NO GO as per profile - 90% export-oriented business is a NO GO criteria, citing global tensions - Cannot provide high exposure basis provisional financials when EBITDA margins are declining in audited financials - "Considering the limited liquidity and uncertain funding visibility, we recommend dropping the case" — given ≈70L monthly cash burn and no signed SHA for the proposed equity infusion. (×1 · latest ) - "We wont be able to support this deal - looks like an extremely stressed transaction" — cited six of nine hospitals temporarily closed, four consecutive years of failed annual return filings, revenue decline from ₹100 Cr to ₹53 Cr, and debtor days increased to 150 days. (×1 · latest ) - Irem Sayeed (UGRO Credit): "We won't be able to support this deal" — Glocal Healthcare deemed an extremely stressed transaction: 6 of 9 hospitals temporarily closed, annual returns not filed for the last 4 years, revenue down from ₹100 Cr to ₹53 Cr, and debtor days risen to ≈150 (Orissa/Bengal… (×1 · latest ) - "This is not MSME in india, HQ in Singapore, wont be able to fund under this program" (×1 · latest ) - Sourcing restriction extends to West Bengal generally, not just Kolkata (×1 · latest ) - Will no longer source new deals from the Kolkata location going forward (×1 · latest ) - As per our RBF policy, a 24-month tenor cannot be considered as funding under this program is not extended for such a long tenure (×1 · latest ) - Case rejected: Main Applicant PAN is already used in another active application as Main Applicant (×1 · latest ) ### Prefers - Company net worth remaining negative for multiple years requires explicit clarification - Deal viewed as unsuitable given high working-capital gap and heavy unsecured loan obligations, especially when the borrower is shopping the same deal to other lenders - Asked Ugro to confirm use of Perfios/ScoreMe reports instead of requiring PDF bank statements - Asked Ugro to allow reliance on bank statement operating credits to reconcile revenue with BTO instead of GST records per GSTIN, for multi-GSTIN borrowers - Asked Ugro to use the Director Details sheet in the investment report instead of requesting KYC details upfront - …more in playbook - Company net worth remaining negative for multiple years requires explicit clarification - Deal viewed as unsuitable given high working-capital gap and heavy unsecured loan obligations, especially when the borrower is shopping the same deal to other lenders - Asked Ugro to confirm use of Perfios/ScoreMe reports instead of requiring PDF bank statements - Asked Ugro to allow reliance on bank statement operating credits to reconcile revenue with BTO instead of GST records per GSTIN, for multi-GSTIN borrowers - Asked Ugro to use the Director Details sheet in the investment report instead of requesting KYC details upfront - Asked Ugro to make FCU mandatory only when Perfios/ScoreMe reports flag observations/red flags - Asked Ugro to allow use of existing auto-debit mandate/UDC as an interim exception when auto-debit mandate activation is delayed or signatory unavailable, backed by a signed declaration - Agreed GST-vs-banking turnover variances causing delays/rejections will be addressed via monthly net GST sales figures aligned to banking turnover, with material variances explained in the CAM - Agreed KYC documents not required at case logging; director/tele-PD details (residential/office address ownership, shareholding) included in CAM instead - Agreed a separate FCU check is not required when ScoreMe/Perfios reports confirm no errors - Mandatory security required for Term Loan: charge on current assets, pari passu first charge (high importance). - Targets private credit to startups with meaningful runway, and SME/midmarket borrowers. - Accepts Private Limited, Public, Sole Proprietorship and LLP company types - No state restriction — accepts companies headquartered in any Indian state/UT - Downgraded importance of the maximum director current overdue check from Critical to High ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · Private Limited, Public, Sole proprietorship, Limited Liability Partner (varies by product) · avoid: Financial Services (varies by product) - Financials: runway ≥18mo (secured term loan only) · maximum tradereceivables: 120 (secured term loan only) · minimum workingcapitalgap: 10 (secured term loan only) · minimum tradereceivables: 7 (secured term loan only) · minimum tradepayables: 7 (secured term loan only) · maximum tradepayables: 150 (secured term loan only) · maximum workingcapitalgap: 120 (secured term loan only) · TOL/adjusted tangible net worth ≤5 (machinery loan only) · debt/EBITDA ≤4 (machinery loan only) · debt/networth ≤4 (machinery loan only) · DSCR ≥1 (machinery loan only) - Deal: ticket ₹1–25cr (range across products — see matrix) · tenure 6–48mo (range across products — see matrix) - Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · 1st/pari-passu charge on current assets (100%) · FD margin 10–15% (67%) · 1st charge on P&M (50%) - median ticket ₹1.5cr - median rate 17% - median turnaround 9d - Security asked in : Personal Guarantee Of Promoters / Directors / Property Owner (×1) - Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×6), 1st/pari-passu charge on current assets (×6), FD margin 10–15% (×4), 1st charge on P&M (×3) - share → in-principle approval (initial interest): ≈4d - sanction → disburse (closing): ≈4d ## Sanctioned terms (from 41 real sanction letters) ### Sanctioned amount: median ₹75L (₹25L–₹3.9 cr) · NEW ×12 - median ₹75L (₹25L–₹3.9 cr) · NEW ×12 ### Typical security: Machinery ×2, Post Dated Cheques (PDC) ×1, Escrow/receivables ×1, auto-debit mandate and cheques ×1 - Machinery ×2, Post Dated Cheques (PDC) ×1, Escrow/receivables ×1, auto-debit mandate and cheques ×1 ### Typical covenants: - Other standing covenants — 27% of letters (e.g. "The borrower(s) shall immediately intimate the Lender in the event of any change in the repayment capacity of the borrower(s), or any change in the information/…") - Other standing covenants — 27% of letters (e.g. "The borrower(s) shall immediately intimate the Lender in the event of any change in the repayment capacity of the borrower(s), or any change in the information/…") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does UGRO Capital lend? UGRO Capital writes cashflow financing, machinery loan, secured term loan, working capital demand loan. Across those, observed facilities run ₹50 lakh to ₹3 cr. ### What ticket size does UGRO Capital offer? Facilities observed on live transactions run from ₹50 lakh to ₹3 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for. ### What rate does UGRO Capital charge? Rates observed on live transactions fall between 14.3% and 20% a year. Tenures run 4 to 18 months. These are observed figures, not a quote, and the rate you are offered depends on your file. ### How long does UGRO Capital take to disburse? About 9 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 UGRO Capital'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. --- 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 UGRO Capital's current policy.