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| Factoring: |
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Factoring is a powerful financial instrument designed to meet post – sales working capital requirements of units in the manufacturing, trade and service sectors |
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It is an alternate avenue of financing, especially suitable for small and medium enterprises (SMEs), and compliments working capital finance from bank, its means Credit Protection for your receivables (sales) |
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Financing can be availed in Rupees or in foreign currency |
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| Cash Credit: |
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Cash Credit facilities are better known as OD facilities, to meet companies day-to-day working capital needs |
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Cash Credit is provided against the primary security of stock, debtors, other current assets, etc., and/or collateral security of movable fixed assets, immovable property etc |
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| Export Finance: |
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Finance for export activities in the form of Pre-Shipment Credit against firm order and or Letter of Credit |
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Credit is available for procuring raw materials, manufacturing the goods etc |
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| Short Term Loan: |
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Customer’s business requires assets in order to operate |
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The assets could be immovable properties |
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In such situations we provide Short Term Loans for tenure upto a year so as to ensure that your business runs smoothly |
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| Term Loan: |
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A Loan granted for a predetermined length of time (tenure), with suitable moratorium if required, repayment option by installment |
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Suitable collateral security is also taken whenever required |
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| Letter of Credit: |
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Letter of Credit is provided to meet companies trade purchases |
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These are generally provided for 3-6 months depending upon your Trade cycle |
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Apart from this we provide Import Letter of Credit for importing machinery or capital goods |
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Such LCs are for tenure ranging from 1-3 years depending upon the need of the borrower |
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| Bank Guarantee: |
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We provide Bank guarantee favoring a third party for performance payment etc |
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Generally, businesses that have a particular need of BGs are contractors such as building and supplier contractors |
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