Equentia Financial Service Private Limited

Equentia Financial Service is a non-deposit-taking NBFC licensed by the Reserve Bank of India under registration number 13.02344, incorporated in Maharashtra in 2017. It specialises in working capital and supply chain finance rather than general term lending, operating platforms for early payment, receivables financing and digital onboarding, and it is associated with the CredAble working capital technology business.

The specialisation defines the fit. If your startup's financing need is a receivables or payables timing gap, meaning you invoice large customers and wait, or you must pay suppliers before you are paid, this is a lender built for exactly that problem and a better match than a bank offering a generic cash credit line. If you need a multi-year term loan to fund product development or capital expenditure, look elsewhere on the panel. Establish which shape your requirement is before choosing your Member Institution.

Its role in the Credit Guarantee Scheme for Startups. Equentia Financial Service Private Limited is one of 40 institutions registered with the National Credit Guarantee Trustee Company as a CGSS Member Institution (NCGTC MLI ID 337, classified as a RBI-registered NBFC). Member Institutions are the lenders that actually extend credit under the scheme: you borrow from Equentia Financial Service Private Limited, and NCGTC guarantees it against your default. That guarantee is what allows credit to be extended to a DPIIT-recognised startup without collateral, with cover of up to Rs 20 crore per borrower, being 85 percent of the amount in default on loans up to Rs 10 crore and 75 percent above that.

The terms are the lender's, not the scheme's. CGSS fixes the guarantee, not the loan. The interest rate, tenure, moratorium, repayment schedule and how the Annual Guarantee Fee is passed on to you are all set by Equentia Financial Service Private Limited under its own credit policy, and they differ materially between Member Institutions for an identical borrower. Registration does not oblige Equentia Financial Service Private Limited to lend: it appraises you on its normal credit standards first and applies the guarantee second. Approaching more than one Member Institution is almost always worth the effort.