Channel financing is quietly meant for repute dealers/channel partners. Its fulfils the working capital demand by providing quick funds to dealers/channel partners for procuring goods from corporates.
A line of credit in the form of an overdraft is provided for dealers of the Corporate which is short term one
Reputed dealer (not real estate dealer/broker), channel partner can raise finance to fulfil its working capital needs.
Line of credit in the form of an overdraft is provided to reputed dealer /channel partner.
Short-term, Quick and easy.
Who Can apply
Private Ltd, Public Ltd, LLP, Proprietor
Any “commodity” supplied directly by, either the Manufacturer or the Stockist.
The “commodity” should be that of a reputed brand.
Reputed dealer in the above commodities.
The borrower should be rated Good and above according to credit rating agencies.
1 year bank statement of the company.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
3 years balance sheet, P&L with audit report.
3 years I.T.R of the company.