Interim Finance Under IBC

Use IBC’s Interim Finance Solutions to Fill Financial Gaps

Consult our expert for interim financial solutions under the bankruptcy and Bankruptcy Code (IBC) to navigate the bankruptcy landscape. We offer the financial support to make the process of restructuring easier.

For Interim Finance Solutions under IBC, Get in Touch with Us Right Now to Strengthen Your Restructuring Journey!

The IBC provides specific provisions for raising interim finance by the resolution professional for the purposes of protecting and preserving the value of the property of the company and managing its operations as a going concern – and consequently achieve a viable resolution plan for the company. The IBC classifies all interim finance raised as ‘insolvency resolution process costs’ (‘IRPC’). Payment of IRPC gets highest priority in a resolution plan or in liquidation.

According to the IBC, IRPC must be paid out in a resolution plan before any creditor recovery are made. This priority is also given to interim finance (principal and interest) as part of this payment. Like this, the IBC’s distribution waterfall gives IRPC (which needs to be funded from the liquidation estate) top priority during liquidation as well.

In certain situations, interim financing may be essential to the survival of the firm’s business activities while the corporate insolvency resolution procedure is underway. It is a crucial component in the process of resolving and restructuring a stressed and perhaps insolvent corporation. Several businesses going through the IBC process have attempted to raise official interim funding. Several financial institutions have also shown enough interest in this area. With this first contract in place, we anticipate that many more will be inspired to do the same.

To maintain the entity’s ability to operate as a going concern until the plan is approved by the CoC and then by NCLT, Prusage helps to raise financial debt that resolution professionals raise during the CIRP.

For more information about Indian distress finance or interim finance companies, get in touch with our financial advisor or send a request.

Loan For Low CIBIL Score

Get Loans for Low CIBIL Scores to Open Up Financial Opportunities

Financial resources are necessary for a firm to grow and thrive. Adequate cash is required to accomplish a number of objectives, such as growing working capital, replacing inventory, purchasing new equipment, and more. Sufficient money is also necessary to sustain ongoing business operations. Obtaining a loan can be required to cover these expenses.

What does a CIBIL Score Indicate?

The CIBIL Score is a three-digit numerical summary that represents a person’s credit history. It is determined using the credit data from the CIBIL Report, which contains information about the individual’s payment history for a variety of loans from several credit agencies.

The CIBIL Score is one of the most important factors that lending firms consider when evaluating a loan application. This score, which represents a person’s credit history numerically, varies from 300 to 900. The CIBIL score is mostly based on a person’s loan payback history, even if the exact methodology used to calculate it is private. Their borrowing and repayment histories as reported by prior creditors are used to assess their creditworthiness. The Ideal score is at least 750.

– What Are the Factors Responsible for Lowering Your CIBIL Score?

Let’s look at some of the primary factors that can negatively affect your CIBIL score:

Having unpaid bills might have a negative impact on your credit score.
You run the danger of getting into a debt trap if you merely make the minimum payments on a regular basis. You build up an interesting balance by rolling over the loan and merely making the minimum payments.

Your score may be impacted by errors or inconsistencies in your CIBIL report.
Your credit score may suffer if you have a small range of credit. Keeping a healthy balance of unsecured loans is crucial.
Your CIBIL score is also influenced by the duration of your credit history. 

Concerned about your poor CIBIL score while looking for a loan? You don’t need to search any farther! We at Prusage are aware that getting a loan can be difficult if you have a bad credit history. For this reason, we are experts in offering quick loans to borrowers with low CIBIL scores. With our special service, you can get the money you require without having to go through a stringent CIBIL check. We can help you whether you’re looking for a loan without a CIBIL check or a mortgage loan without one. Our knowledgeable experts will help you every step of the way, making the procedure easy and hassle-free. Your credit score shouldn’t be a hindrance. Get the financial chances you deserve by getting in touch with us right now.

Distressed Asset Funding

Reap the benefits of our specialized distressed asset funding solutions to unlock the value of distressed assets. We offer the resources and know-how to transform hardship into opportunity.

Get Distress Asset Funding Solutions from Us Now to Unlock Value in Distress!

when the borrower’s actions cause the asset’s value to decline rather than the state of the market. Investments in distressed assets are appealing because they offer great value at a reasonable price. This is exploited by the investor, who reverses the situation. Utilizing a distressed asset and turning a profit necessitates extensive planning because it demands both a business acumen and a profit-making strategy. Investors may reach their highest or lowest point with this kind of investment.

In order to alleviate the difficulties faced by Micro, Small, and Medium-Sized Enterprises (MSMEs), the Indian government, acting through the Ministry of Finance, has implemented a number of programs as part of an economic package. The Distressed Assets Fund-Subordinate Debt Scheme was introduced as part of these efforts to provide equity support to MSMEs who are experiencing financial difficulties. Banks will give the MSME promoters debt under this plan, which they will thereafter convert into equity for their individual MSME businesses. The Subordinate Debt Scheme’s main goal is to help MSMEs pay for operating costs and revitalize their companies.

With over ten years of experience, Prusage is an investment banking company that provides comprehensive financial solutions for distressed capital management and distressed asset funding. We provide a variety of services as a reputable investment bank to meet the particular requirements of companies going through difficult times. Whether you need access to distressed funds and distressed asset funds, acquisition money to take advantage of growth possibilities, or interim finance to get through difficult times.

Our Value Proposition and Service Approach

Restructuring assets and adding long-term value to them for a reorganized growth map is the foundation of your value proposition.

Our distressed capital services serve as a link between lenders who see promise in these assets and distressed businesses. We provide a new beginning by assisting with cash flow management, repositioning, restructuring, and implementing effective company procedures. Employing a seasoned investment banking company such as Prusage guarantees access to knowledge and existing relationships. In accordance with the 2016 Insolvency and Bankruptcy Code, our team actively offers distress funding services to financially distressed enterprises.

We invite you to speak with one of our knowledgeable financial advisors to find out more about distressed funding, troubled asset finance, one-time settlement (OTS) funding, or distressed asset funding businesses in India.