BD Finance has introduced an innovative product for your working capital solution- “Factoring of Receivable”, if your business runs on credit & with institutional buyer.
It involves the purchase of accounts receivable in a trade transaction. Through factoring, receivables are converted into cash before their maturity in a faster way. The seller gets instantaneous liquidity and the buyer gets credit at an affordable cost. Factoring service enables you to focus on your operations, sales & profitability rather than on collection. This form of credit helps the company to boost up its sales and managing the receivables efficiently.
- Collateral free financing facility
- Simplicity of documentation and approval procedures
- Provides loan facility up to a certain limit
- Instant payment against invoice, right after the delivery of goods or services
- Increases purchasing power of channel partners
- Improve cash flow of the business
- Expand current business portfolio
- Sales ledger administration
- Follow-up and physical collection of payment
- Monthly computerized reporting