Overview

Like International Factoring, in domestic factoring invoices are raised on open account sale of goods and are assigned to SBIGFL for financing, collection, and sales ledger administration.

Product features -

• Financing the seller by prepaying upto 90% of the invoice value/ Bill value
• Protection against default in payment by the buyer by arranging for insurance cover (optional)
• Collection of receivables
• Maintenance of accounts relating to accounts receivables (A/R)