A receivables invoicing loan, also known as invoice factoring or accounts receivable financing, is a type of funding that allows businesses to obtain immediate cash for their outstanding invoices.
Know about Receivables Invoicing
A receivables invoicing loan, also known as invoice factoring or accounts receivable financing, is a type of funding that allows businesses to obtain immediate cash for their outstanding invoices. It presents an attractive solution for those who have limited cash flow, as it allows them to receive a percentage of their revenue upfront instead of waiting weeks or even months for customers to pay their bills.
The basic process of a receivables invoicing loan involves a lender purchasing a company's outstanding invoices. The lender then assumes the responsibility of collecting payment from customers and pays back the company the remaining balance of the invoice after deducting fees and interest.
Businesses can benefit from receivables invoicing loans in several ways.
Firstly, it provides them with fast access to cash, which is crucial in meeting their financial obligations, such as paying employees, vendors, and other bills.
Secondly, the company can reduce the risk of bad debts and unpaid invoices as the lender assumes responsibility for collecting payments from customers. It also saves valuable time and costs associated with collection efforts.
Receivables Invoicing Benefits
Easy Access – easy to access and offers quick solutions for short term operational requirements
Savings on trade margin
Flexible repayments – multiple tenure option for easing your loan repayment
Fulfill short term or urgent cash flow shortfalls
Maintain Gap between cash inflows and outflows while the business grows
Applicant must have a business vintage of a minimum of 2 Years
The applicant should have permanent resident of the area
Profitability for 3 consequent years
Should show upward trend Y-O-Y basis
Balance sheet should be audited by a registered CA
Applicant’s 2 years of ITR and audited balance sheet
Business based customized financial assistance
Guiding CIBIL score enhancement
Providing industry guidance for growth
Convenient repayment methods
Our Application Process
Final quality check
Bank a/c Validation
Loan Funding / Disbursement
Fast & Easy Application Process
Maxemo understands that keeping a business up and running is challenging. It’s hard to manage so many things happening at one place, with several sources receiving and giving out payments.
Promoter's Aadhar Card
Promoter's PAN Card
Business address proof
Bank statement- Last 6 months
Audited financial statements -Latest 3 yrs
ITR with computation of taxes- 3 Yrs
GST return (3B, GST R1) -last 4 qtrs.
Products We Offers
Working Capital Finance
Provides new-age customized financing
products for your business needs
Businesses require an adequate amount of capital...