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Invoice Financing

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What is Invoice Financing?

Invoice Financing companies allows you cash collateralised by your business’s outstanding statements — giving you an admirable way to put more finance into your business directly. With invoice financing, you could get an active advance of about 85% of the amount of your account statements. It’s the perfect addition to cover for late-paying customers or cash flow declaration.

  • Maximum Loan Amount
    50% to 90% of invoice value
  • Loan Term
    1 – 12 Months
  • Interest Rates

  • Approx. 2% month
  • Speed
    1 days

Advantages of Invoice Financing

Requirements for Invoice Financing

  • ANNUAL REVENUE
    35 lakhs
  • CREDIT SCORE
  • TIME IN BUSINESS3 Months

Documents required for Invoice Financing

  • VOIDED BUSINESS CHECK
  • BANK STATEMENT
  • PAN CARD
  • LAST 3 YEARS BALANCE SHEET
  • OUTSTANDING INVOICES
  • CREDIT SCORE
  • AADHAR CARD
  • LAST 3 YEARS PROFIT & LOSS STATEMENT

Frequently asked questions

  • How Does Invoice Financing Operate?
    • One of the most hinder aspects of running a growing business is waiting for your invoices to be paid — supremely when some customers don’t pay on time.
      And delayed payments mean you don’t get to transmit that capital back into your business right away, tying up your working capital and creating a whole host of strife.
  • Solve Cash Flow Problems with Invoice Financing?
    • What if you could guarantee you’ll see money for those invoices right away?
      That’s virtually what accounts receivable financing also known as invoice financing does for your business.
      While accounts receivable financing is sometimes a fairly pricey way to fund your business operations, it lets you deal with a more foreseen cash flow. If you’re running short of capital or urgently need to meet impending expenses like taxes, payroll, or even getting started on your next project, then invoice financing can ease the weary load on your business.
      Plus, you’ll definitely sleep better at night with a righteous inflow of cash.
  • Accounts Receivable Financing Or Invoice Financing: Crushing the Numbers?
    • Once you agree to collateralise few of your invoices for a loan from a financing company, they’ll supply you typically about 85% of the total value of those invoices.
      The remaining 15% gets held in reserve and subjected to fees till your customer pays their invoice off. From that 15%, your lender first retrieves a processing fee mostly around 3%. They’ll then charge a “factor fee” that depends on how much time it takes for your customer to pay up, almost always calculated on a weekly basis.
      For example, many lenders charge 1% each week until payment.
  • Is Bill Discounting or Invoice Financing Worth It?
    • You might sense like 2% every Month is a steep rate to pay—but that all depends on your business’s financials. If you required money to make payroll a week after sending out that invoice, then your accounts receivable financing lender’s fees don’t seem too bad actually.
      Your business’s financial situation might literally benefit from extra cash flow so capital right away could definitely be worth the fees you pay.
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