Trade Finance / Factoring
Trade financing is for short term. (80%) finance granted to exporter after the shipment of goods until the realization of invoice value from the importer. It is easy, quick and also has very nominal ROI. Importer has to pay Trade Finance Company and not the supplier directly for 100% of the invoice value.
Trade finance company will refund the balance (20%) after deducting the interest rate to the exporter after the maturity of the invoice from the Importer. This financial practice is strictly adhering to Export.
80% pre-finance granted to exporter after the shipment of goods until the realization of invoice value from the importer.
Remaining 20% will be retain by the lender and will release once it get paid form the importer after deducting the nominal ROI as agreed upon with exporter.
Quick, easy and nominal ROI.
Lender gets the100% payment from the importer after the realization of the goods.
Who Can apply
Private Ltd, Public Ltd , LLP
No sensitive and perishable goods.
Export turnover for the last 36 months to be greater than $300,000 (INR 2Cr).
Exporter having IEC code.
Exporter's Track record of atleast 15 realized shipment.
Insurance if any.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
Purchase order/underlying commercial contract.
3 years balance sheet, P&L with audit report.
Assignment of receivables and acknowledgement thereof.
3 years I.T.R of the company.
1 year bank statement of the company.
IEC License code of the exporter