Sbi Sme Ebiz Loan

SBI is one of the most leading banks in financing SME in India. It has been performing a prominent role in the overall growth and development of the SME sector. The bank promotes various types of products designed to meet the needs of SME customers across the sectors like manufacturing, services, trading etc. State Bank of India also assists businesses in availing loans under government schemes such as

PMEGP, PM Mudra Yojna, CGTMSE and Stand-up India. In this article, we look at the Sbi Sme Ebiz Loan in detail.

Purpose of SME eBiz Loan

Sbi Sme Ebiz Loan is a cash credit facility introduced by SBI to provide financial assistance to people who sell products online through e-commerce portals. It is a small business loan given to authorised sellers of products on e-commerce websites such as Amazon or Flipkart.

Eligibility Criteria

The sellers registered on e-Commerce portal for selling products online with at least six months track report on any of the major e-Commerce player are eligible to avail the SME eBiz Loan benefits.

Amount of Loan

The minimum and maximum amount of loan can be acquired specified below:

Minimum: The minimum loan amount of above Rs.50 Lakhs can be obtained. Maximum: The maximum loan amount of up to Rs. 500Lakhs can be obtained.

Security

The following are the securities required by the bank for lending the loan amount.

Primary Security: Hypothecation of stocks and assignment of receivables. Collateral Security: Minimum 35% collateral (in the form of SARFAESI compliant land/building, and liquid securities in the way of Bank Deposits, LIC, NSC, KVP pledged or specified to the Bank). Guarantee: Personal guarantee of all the Directors or Partners or Promoters of the unit.

Processing Fee

To process your loan amount the following are the fee charged for the loan approval.

First Year: 1.00% of limit sanctioned and additionally with the applicable taxes. Second year onwards: 0.35% and additionally with the applicable taxes.

Limit Assessment

Based on the turnover done in the next previous twelve months through all accounts maintained by the unit.

Documents Required

The following are the documents which are necessary for processing your loan.

Documents regarding registration of firm/shop/manufacturing unit.
Registration certificate of the firm under MSME.
Copies of sales-tax return filing documents.
Copies of income tax-return filing documents.
Drug license (if running a pharmaceutical manufacturing/selling enterprise).

Application Procedure for SME eBiz Loan

To apply for the Sbi Sme Ebiz Loan, follow the procedure mentioned below:

Visit Official Portal of SBI Step 1: The applicant has to visit the official portal of the State Bank of India. Small and Medium Enterprise Step 2: Click on “SME” tab which is present on the homepage of the portal. Step 3: After clicking on “SME” tab a pop-up screen appears where you have to select the “SME” link from the list of options. Apply for SME Step 4: On the next page, click on “Click here to Apply” button to apply for Sbi Sme Ebiz Loan online. Complete the Details Step 5: Now, the form will appear on the next page fill the form with the required details such as

Name of Company
Date of firm creation
Address of the firm
Operating address of the firm
E-mail address of the firm
Contact Details
Sector/Industry code
Permanent Account Number
GST Number.

Submit your Application Step 6: After entering the details, click on the “Submit” button to submit your details successfully. Upload the Documents Step 7: Finally upload the documents required along with the application form to complete the process. Also, read about SBI SME Open Term Loan SBI Loan for Restaurants

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Frequently Asked Questions

Common questions about SBI SME eBiz Loan: Online Seller Financing in India.

The SBI SME eBiz Loan is a cash credit facility offered by the State Bank of India to provide financial assistance to sellers who sell products online through e-commerce portals like Amazon or Flipkart. It is a small business loan designed specifically for authorized e-commerce sellers.

Sellers registered on e-commerce portals for selling products online with at least six months of track record on any major e-commerce platform are eligible to avail the benefits of the SBI SME eBiz Loan.

The minimum loan amount that can be obtained is above Rs. 50 lakhs, while the maximum loan amount is up to Rs. 500 lakhs.

The primary security required is the hypothecation of stocks and assignment of receivables. Additionally, a minimum of 35% collateral in the form of SARFAESI-compliant land/building and liquid securities like bank deposits, LIC, NSC, or KVP pledged or assigned to the bank is mandatory. Personal guarantees from all directors, partners, or promoters of the unit are also required.

In the first year, the processing fee is 1.00% of the limit sanctioned, plus applicable taxes. From the second year onwards, the processing fee is 0.35% of the limit, plus applicable taxes.

The loan limit is assessed based on the turnover done in the previous twelve months through all accounts maintained by the unit.

The required documents include registration certificates of the firm/shop/manufacturing unit, MSME registration certificate, copies of sales tax and income tax return filings, and a drug license (if running a pharmaceutical manufacturing/selling enterprise).

To apply for the SBI SME eBiz Loan, visit the official SBI portal, navigate to the SME section, and click on the "Click here to Apply" button. Fill out the application form with the required details, submit it, and upload the necessary documents.

The loan limit for the SBI SME eBiz Loan is determined based on the turnover generated through all accounts maintained by the unit in the previous twelve months.

The primary purpose of the SBI SME eBiz Loan is to provide financial assistance to individuals or businesses that sell products online through e-commerce portals, enabling them to grow and expand their e-commerce operations.