This solution provides finance by discounting the sales bills of your vendors or by discounting your purchase bills. This financing facility is also available for your channel partners. Besides regular bill discounting, we also service bill discounting backed by Letter of Credit (LCBD).
Some of the benefits of this financing solution are:
Instant conversion of receivables into cash
Helps to build strong relationships with vendors and channel partners
Assures availability of working capital finance to channel partners and vendors at competitive costs of credit
Facilitates increased sales through higher purchasing power for channel partners
Faster payments leading to cash discounts from companies
Faster Turnaround Time (TAT) and simple procedures
Supply Chain Financing Solutions include: Sales Bill Discounting, Purchase Bill Discounting and Letter of Credit Bill Discounting.
Proprietorship, Partnership, Public, and Private Limited Companies.
A loan is generally disbursed within 7-10 working days after the submission of complete and correct documents.
ABFL provides both short term and long term loans based on the business requirement of the client. This may range from 3 months to 12 years.
You can pay the processing fee through cheques/NEFT/RTGS facility.