Finance & Funding
Trade Solutions
The Exchange Rates are powered by Investing.com India.We can fund upto 80% of your sourcing from India once you have established a track record with us for MOQ.
EPC & Funding of International Projects
We can arrange funding against revolving bank guarantees for terms from 2 years to 20 years for infrastructure projects in countries friendly to India and US.
For large national level infrastructure projects needing large and long term funding at beneficial costs, and if Ministries of Finance can make a direct application for funding, central bank guarantees / commercial guarantees are not required. Contact for more details.
Factoring Exports from India
1. Offer: The exporter will receive 80% of the invoice value within 24 hours of the shipment. When buyers pay the whole amount after the credit period ends, remaining 20% of the amount will be paid to the exporter after deducting charges.
2. Advantages:
(a) No Collateral Required.
(b) Credit Period (say 90 days) as agreed between buyer and seller.
Procedure
3. Eligibility Checks:
(a) Exporter should have had a minimum 2 shipments in the last 12 months.
(b) Authentication through GST Reports and CIBIL check.
(c) Minimum Rs 2 Crores of Export Sales in the last 12 months.
4. Exclusions– Industries not funder are:
(a) Glass Industry.
(b) Arms and Ammunition Industry.
(c) Gold, Silver, Diamond, Gems Industry.
(d) Products whose shelf life is less than 6 months For example – Fruits and vegetables.
(e) Exports through E-commerce platforms.
(f) Related parties where the seller and buyer are relatives.
5. Documents Required for Due Diligence :
(a) Import Export Code (IEC).
(b) Proof of Products & Services Exported.
(d) GST Returns for last 12 months.
6. Term Sheet and Link to Portal to Upload :
(a) Copy of Purchase Order and Invoice.
(b) Scanned Copy of Bill of Lading / Airway Bill / Invoice (for software sales).
7. Release of Funds:
(a) 80% within 24 hours of Documents Uploaded on Portal.
(b) Balance 20% less factoring charges as and when full payment is received from the Overseas Importer.
8. Charges : 1.2% to 1.8% / month, depending upon volume of business.