Dealership Factoring Facility
Dealership Factoring will be extended by SBIGFL to the dealers (buyers) of industry majors (Seller) within India.
Features of Dealership Factoring Facility :
- Dealership Factoring facility will be without recourse to the Seller. The facility will, however, become with recourse to the Seller, in case of any commercial or quality dispute between the Seller and the Buyer(Dealer ) or if the invoice is not accepted by the Buyer(Dealer).
- SBIGFL will consider sanction of Dealership Factoring facility to the dealers, based on strong recommendations of the Seller (Industry major) by way of a comfort letter , backed by tripartite agreement.