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WE (SR Corporate Services Pvt Ltd) are a consultancy firm, helps ...
Category: Financial & Legal Services
WE (SR Corporate Services Pvt Ltd) are a consultancy firm, helps business in getting finance from Nationalise Bank viz, State Bank of India, Central Bank, Corporate Bank etc.
Apart from traditional working capital limit one can also get finance against his receivables thru Factoring. Factoring is structured working capital finance solution that includes finance against receivable of your company, Collection of Receivable on due date, Credit protection against bad debts and credit advisory services.
So Factoring allows you to convert your accounts receivable into cash and thereby cash generating potential of your business.
- Enables Cash against invoices instantly
- Banks can pay up to 80-90% Immediately
- More sales , More better cash flow position
- One can offer better prices by offering more credit period
- Interest only on the actual funds used.
- Collection of receivable managed by the bankers
- Facility given to all entities like Proprietorship , Partnership Firm, Companies.
- Entity should be in operation since last three years
- Entity should generate profits in last two years.
- Entity should have positive net worth.
- The Turnover shall be at least 10 Cr.
- Survey of sales ledger by Banker
- Credit Assessment of company
- Setting up the credit Limit
- Signing of factoring agreement Limit
- Customers acceptance for routing payments through Bank
- Forward copy of Invoice with documents to bank
- Liquidate the invoice on the same day or max to max next day.
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