Purchase Bill Discounting
This product is offered to manufacturing units and enterprises that purchase the raw materials from vendors / seller. In this purchase, bill or bill discounting plays a greater role in which 100% payment is done to the seller on behalf of the buyer (manufacturer / enterprise) against the bills issued to buyer by the seller.
These are short term finance but can minimize the problem of working capital need and the enterprise/manufacturer can focus on the core business. The average annual turnover of the business should be 1 crore or above in order to avail this financial facility by the buyer (manufacturer/enterprise)
Manufacturing units or enterprises involved in purchasing raw material from vendors.
Discounting of bills issued by seller on behalf of the buyer (manufacturer / enterprise).
100% payment is done to the seller on behalf of the buyer.
Short-term, Quick and easy.
Who Can apply
Private Ltd, Public Ltd, LLP, Proprietor
Rated by authorized rating agency (CRISIL, SMERA, BRICK WORK etc.)
Details of Bank exposure (CC, BG, OD, Business Loan etc ) if any.
Annual turnover not less than Rs. 1 crore.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
6 Month unaudited balance sheet of the company.
Previous venture funding statement.
3 years balance sheet, P&L with audit report.
Equipment/Machine details and PI copy.
3 years I.T.R of the company.
1 year bank statement of the company.
Rating proof of the company by any rating agency (given in eligibility).
Repayment schedule/statement of the any loan taken by the company.