# Unity Small business loans > Unity Small is on Recur Club's lender panel, writing cgtmsme term loan, operating lease, overdraft / cash credit and 5 other products. Observed tickets run ₹5 cr to ₹20 cr, priced between 13% and 16%. Median turnaround from application to disbursal is about 172 days. Source: https://www.recurclub.com/lenders/unity-small 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 cr | 15–16% | 24 mo | | Venture Debt | ₹20 cr | 13% | 24 mo | Also offered, with no terms observed yet: Cgtmsme Term Loan, Operating Lease, Overdraft / Cash Credit, Purchase Invoice Discounting, Sales Invoice Discounting, Working Capital Demand Loan. ## Eligibility ### Will not fund - Now only doing secured lending - Solar EPC companies did not pass through their credit system - Won't fund loss-making companies backed only by marquee-investor equity raised in the last 6 months, unless warrants are attached - Negative on textile sector - e.g. 3fate not keen, Zyod mostly will not do - Will not do Neokred - poor feedback received in reference check - Sector agnostic except negative sectors — won't fund Gaming, deeptech, web3, cryptocurrency - Won't fund EPC - Will not be able to move forward until UB takes a commercial call on the covenant breach situation - SFBs cannot do acquisition finance - A second charge on assets is not acceptable - Couldn't make a case for a 3-year loan given stretched receivables and questionable security cover - Won't do tenors of more than 36 months - Now only doing secured lending (×1 · latest ) - Solar EPC companies did not pass through their credit system [×1 · latest ] - Won't fund loss-making companies backed only by marquee-investor equity raised in the last 6 months, unless warrants are attached (×1 · latest ) - Negative on textile sector - e.g. 3fate not keen, Zyod mostly will not do (×1 · latest ) - Will not do Neokred - poor feedback received in reference check (×1 · latest ) - Sector agnostic except negative sectors — won't fund Gaming, deeptech, web3, cryptocurrency (×1 · latest ) - Won't fund EPC (×1 · latest ) ### Prefers - Can do unsecured lending at the dealer/vendor level - Focus sectors: manufacturing (e.g. Kimbal), B2B logistics with good cash flows, and mobility models like Carrum Mobility and Alt Mobility (recently topped up both) - Keen to do a top-up for Smytten - Focusing on larger ticket sizes due to P&L pressure - Sector focus for asset financing: B2B logistics and EVs - …more in playbook - Can do unsecured lending at the dealer/vendor level - Focus sectors: manufacturing (e.g. Kimbal), B2B logistics with good cash flows, and mobility models like Carrum Mobility and Alt Mobility (recently topped up both) - Keen to do a top-up for Smytten - Focusing on larger ticket sizes due to P&L pressure - Sector focus for asset financing: B2B logistics and EVs - Currently focused on SMEs and profitable startups, or startups expecting profitability within 12 months - Can do term loan or WCDL, but focus is on WCDL over term loan - Not too keen on OEMs or Project Finance - Financial institutions segment can look at Housing finance and gold loan companies ### Screening gates and observed behaviour - Borrower: age ≥2y · CIBIL ≥650 · avoid: Gambling and Betting, Lottery Business · pan-India · Private Limited, Public - Financials: runway ≥12mo · rev ≥₹40cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · networth ≥₹15cr · debt/networth ≤4 · DSCR ≥1 - Deal: rate 11.5–16% (range across products — see matrix) · ticket ₹5–40cr · tenure 12–36mo (range across products — see matrix) · no PEP - Security (observed): 1st/pari-passu charge on current assets (100%) · FD margin 10–15% (93%) · Personal Guarantee Of Promoters / Directors / Property Owner (73%) - median ticket ₹10cr - median rate 13% - median turnaround 172d - Security asked in : Fixed Deposit <5% (×2), FD margin 5–10% (×2), FD margin 10–15% (×2), FD margin 15–20% (×2) - Security asked in : 1st/pari-passu charge on current assets (×14), Personal Guarantee Of Promoters/Directors (×10), FD margin 10–15% (×9), FD margin 5–10% (×7) - Security asked in 2026: 1st/pari-passu charge on current assets (×15), FD margin 10–15% (×14), Personal Guarantee Of Promoters / Directors / Property Owner (×11), 1st charge on P&M (×4) - share → in-principle approval (initial interest): ≈20d ## Sanctioned terms (from 21 real sanction letters) ### Sanctioned amount: median ₹51L (₹15L–₹10 cr) · NEW ×5 · RENEWAL ×1 - median ₹51L (₹15L–₹10 cr) · NEW ×5 · RENEWAL ×1 ### Typical security: Fixed Deposit ×4, Demand Promissory Note and Letter of Continuity ×4, Demand Promissory Note ×1, Current assets and movable fixed assets (hypothecation) ×1, Current Assets ×1, Fixed Deposit / Security Deposit ×1 - Fixed Deposit ×4, Demand Promissory Note and Letter of Continuity ×4, Demand Promissory Note ×1, Current assets and movable fixed assets (hypothecation) ×1, Current Assets ×1, Fixed Deposit / Security Deposit ×1 ### Typical covenants: - Other standing covenants — 43% of letters (e.g. "All other terms and conditions will be as per the Loan Agreement executed with the Bank.") - Other standing covenants — 43% of letters (e.g. "All other terms and conditions will be as per the Loan Agreement executed with the Bank.") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Unity Small lend? Unity Small writes cgtmsme term loan, operating lease, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan and 2 further products. Across those, observed facilities run ₹5 cr to ₹20 cr. ### What ticket size does Unity Small offer? Facilities observed on live transactions run from ₹5 cr to ₹20 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for. ### What rate does Unity Small charge? Rates observed on live transactions fall between 13% and 16% a year. Tenures run 24 to 24 months. These are observed figures, not a quote, and the rate you are offered depends on your file. ### How long does Unity Small take to disburse? About 172 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 Unity 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. --- 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 Unity Small's current policy.