Domestic Trade & Supply Chain Finance
Purchase Bill Discounting
Is one of the ways where a Business entity can get finance to pay for good purchase be it raw material of finished good (the financier company will make payments direct to the seller party the bills are financed ranging from 10 days to 90 days and 120 days…ultimately resulting in funds in hand …..this is kind of packing limit where a limit is assigned and against very bill the payment is to seller party ……..
Introduction
Earlier this financial product was available for anchor company and big corporates only but with time and banks and finance company saw opportunity in this business and now the funding comes to big and small corporate and now to MSME ….
Criteria
Minimum 15 crore turnover
Recogniess buyer and seller
Vintage of 48 months into business
Benefits
Good alternate to Emi based business loan
Opportunity where payment cycles are high and exhausted cash credit limits
Rate of Interest
Ranging from 12 to 18 to 21 %
Fees 1 to 3 percent
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