Often the sales that you make are with certain credit terms. The buyer will make payments to you after the passage of a certain amount of time after shipment of the goods or providing of the service. However you may need to make certain payments and would like to have that money upfront. The banks can provide the money upfront through the route of factoring. Factoring is like selling of your receivable to a bank where the banks will pay you up to 90% of your invoice value on submission of documents and invoice. The major advantage of factoring is that you can take factoring facilities over and above your regular working capital facilities and you do not need to provide any collaterals. This can be in conjugation with credit insurance also, wherein the insurer takes the risk of default by the buyer and you get your money even if the buyer does not pay up.
We can arrange for factoring facilities at most competitive rates of interest.