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Working Capital Limits
Finance Factory also offers consulting for assessment of working capital. Industries are in pressure of running the factories and hence are in need of working capital. There are many sub products in working capital such as Cash Credit limit (CC), Overdraft limit (OD) and GST OD.
CC/OD Limits
As mentioned these are parts of Working capital product. Manufacturers or traders are getting working capitals support to run the business and achieve new growth.
Finance factory has some unique products offered by Banks which can resolve the issue of working capital.
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Bill Discounting
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Bill discounting, also known as invoice discounting or invoice factoring, is a financial practice where a company or business owner sells their accounts receivable (unpaid invoices) to a financial institution or a third-party entity at a discount in exchange for immediate cash. This enables the company to access funds before the actual payment from their customers is received.
Finance Factory can help customers getting their Bill discounted if they have premium and listed companies as their customers. A tripartite agreement is required to deliver this product.
Import/ Export LC discounting
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LC discounting, also known as Letter of Credit discounting, is a financial practice where a bank or financial institution provides immediate cash to the beneficiary of a Letter of Credit (LC) by purchasing the LC at a discounted value. It allows the beneficiary to receive funds before the maturity of the LC, providing liquidity and working capital.
Any units trading in international geography, loves this product. Finance Factory in association of banks, can offer Export LC discounting at a very low pricing and help units delivering the order.
Packing Credit
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Packing Credit is a type of pre-shipment finance provided by banks to exporters to meet their working capital needs during the production or manufacturing stage of goods that are meant for export. It is a short-term credit facility that helps exporters bridge the gap between the procurement of raw materials and the shipment of finished goods.
This is an export friendly interesting product offered by Finance Factory.
Foreign Currency Term Loan ( FCTL)
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FCTL is offered to customers who are mainly into exports and are willing to import a machine to increase the manufacturing capacity. These loans are offered at labor rate and are mostly given in US Dollars. Repayment is also offered in US Dollars.
Finance Factory has made some exclusive tie ups with international banks to deliver this product.
Non Fund Based Limits
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There are many MSMEs working for government sector or big private players. These institution demand for Bank Guarantee or Performance Guarantee.
There are many banks which help MSMES in getting BG or PG. Finance Factory through their exclusive tie ups with eligible FIS can help MSMEs deliver this product.
Business / Personal Loan
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In business when there is quick need of money, unsecured business loan is the only hope for traders/manufacturers. Any brown field unit ( more than 3 years in business) are eligible for Business loan/ personal loan. Though ROI is high, but its unique speed and easy documentation makes it a lucrative solution for financing.
Finance Factory has access to some unique surrogate products to deliver unsecure business loans.
Mortgage Loan or Loan Against Property
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Any retail or industrial customer is optimising the value of their property, can use this product. If there is an end use which can not be determined as of now and funds are required to ascertain the coming needs, this is a wonderful product.
LAP hlps you leverage your property without loosing it.
Finance Factory is having strong tie ups for this product and can help customers getting the optimum usage of their properties.
Mudra Loan
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Mudra is a flagship loan product of Indian Government coming in 3 sizes.
Finance Factory helps deliver loans uptoRs 10 lacs to eligible customers. We treat this product as a stepping stone for the success of industries. Finance Factory has made exclusive arrangements with banks to deliver Mudra Loans to its customers.
PMEGP Loan
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Another important product from Indian Government to promote entrepreneurship . Government is trying their bit to enhance businesses and create more jobs. This product certainly help as there are many incentives to start the business.
Finance Factory is also supporting government in this project and help eligible customers in getting PMGP Loans.
CGTSME Loan
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These government sponsored loans backed by guarantee taken from CGTSME- Credit Guarantee Trust of Small Medium Enterprise. BY paying certain premium to CGTSME, any MSME can utilize their guarantee and avail loan from Banks.
Finance Factory can help eligible units getting this product.
