Bill Discounting

What you mean by Sale bill discounting Eligibility Criteria?

It is a short-term facility where individual borrow loan from banks & NBFC’s due to customer’s late payment unable to manage cash flow, wherein, sale bill discounting plays an important role in managing & increasing working capital of business.

Sale bill discounting Eligibility Criteria

• • Minimum existence of business should be 10 months
• • Must mention the exact date of outstanding payment to be made
• • Age Limit of Individuals – 24 to 65 years of age
• • Good financial statement
• • Credit score above 650

Note: - You can avail Up to 80% of actual invoice receivable as a loan amount.

What are the benefits of availing sale bill discounting?

Increase working capital: - Generally, the major reason behind most businesses having good cash flow is the customer transactional behavior, till they receive payments on time there won’t be any problem faced by the company. But when the customer makes delay payments, company get worried about cash flow, where bill discounting is the ideal solution for getting things in track on time.

Easy obtain of Cash: - Bill discounting is far better than other loan in terms of time consuming, once's lender get yours pending invoice receivables within a short period of time you can easily obtain cash.

Avoid long time payment: - Why you have to wait, when you already spended whole time from getting raw materials to providing services & waiting still receiving payment from customers. Let your worries be aside just pledge invoice discounting & get immediate cash to manage your cash flow without waiting for a long while.

Collateral not required: - As most of you know, collateral consider to the key points while availing any type of loan, but bill discounting is one such unique products which allow you to get quick access to cash flow without pledging collateral/assets.