1800-228-005 info@loanXpress.com

Receivable Finance

  • It is a process of discounting of accounts receivables generated out of sale.
  • The Seller assigns to the discounting bank/NBFC the accounts receivables arising out of sales to buyers and receives payment there against to the extent of 80-90% from the bank/NBFC, depending upon the credit terms.
  • Receivables Finance forms part of Working Capital required in the business.
  • Typically beneficial to meet firm’s operating expenses.

BENEFITS

  • Predictable cash flows linked directly to performed sales.
  • Readily convert cash receivables to cash as the pre payment is provided immediately.
  • Higher Liquidity.
  • Quick turnaround time ensures incremental cash flow planning & management

INTEREST RATE

  • Interest rates range from 12% - 14%

Proof of Identity

  • Pan Card

Proof of Address

  • Electricity bill
  • Telephone bill
  • Latest property tax receipt
  • Passport
  • Voter id card
  • Company Pan card
  • Proof Of Address - Registered
  • Latest property tax receipt
  • Proof Of Address - Corporate
  • Proof Of Address - Factory/Unit/Plant/Shop

In case of Company

  • Articles of Association
  • Memorandum of Association
  • Certificate of Incorporation

In case of Partnership

  • Certification of registration of firm with the registrar of firms and societies

In case of MSME unit

  • Certificate of registration with District Industry centre (Compulsory for medium MSME)

In case of SSI unit

  • SSI registration number/SIA SEK No.
  • Last 3 years audit report & audited financials
  • Cash flow statement
  • Business Continuity proof - 3 years ITR
  • Last 6 months bank statement
  • Loan statement with sanction letter
  • Promoters/Directors Net Worth Statement on company letterhead
  • 3 year projections
  • Shareholding pattern on Company letterhead
  • Credit rating report - ( If credit rating is done)
  • CMA Data
  • Debtor List with aging for 6 months

Show

Forgot your password?

Lost your password? Please enter your email address. You will receive a link to create a new password.

Close
Top