# Usha Financial business loans > Usha Financial is on Recur Club's lender panel, writing secured term loan. Source: https://www.recurclub.com/lenders/usha-financial 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: Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Banking, 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, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, 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 · pan-India · Private Limited, Public · positive sector: Financial Services, Insurance - Financials: runway ≥12mo · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · minimum assetsundermanagement: 30 · networth ≥₹5cr · debt/networth ≤4 · DSCR ≥1 - Deal: rate 15–22% · ticket ₹0–3cr · tenure 12–24mo - Security (observed): 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · Corporate Guarantee (67%) - Security asked in : 1st/pari-passu charge on current assets (×3), Personal Guarantee Of Promoters/Directors (×2), Fixed Deposit <5% (×2), FD margin 5–10% (×2) - Security asked in 2026: 1st/pari-passu charge on current assets (×3), Personal Guarantee Of Promoters / Directors / Property Owner (×3), Corporate Guarantee (×2) ## Sanctioned terms (from 1 real sanction letter) ### Sanctioned amount: median ₹1 cr - median ₹1 cr ### Typical security: Book debts (floating charge) ×1, Book debts ×1, Demand Promissory Note ×1, Cheques ×1, Book Debts ×1 - Book debts (floating charge) ×1, Book debts ×1, Demand Promissory Note ×1, Cheques ×1, Book Debts ×1 ### Typical covenants: - No further charge / pledge of assets elsewhere — 100% of letters - No further charge / pledge of assets elsewhere — 100% of letters ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Usha Financial lend? Usha Financial writes secured term loan. ### What are Usha Financial'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 Usha Financial ask for? Observed across sanctions: 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · Corporate Guarantee (67%). ### How do I apply to Usha Financial? You do not apply to Usha Financial directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Usha Financial's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached. ### Is Usha Financial 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 Usha Financial 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 Usha Financial's current policy.