Working Capital products to keep your company healthy
Our range of working capital products are designed to give you and your company a healthy edge.
Our range of working capital products are designed to give you and your company a healthy edge. They include overdrafts, short term loans, corporate debt papers such as commercial papers, fixed/floating rate notes, and supplier finance based products include documentary credit and bank guarantees.
Overdraft / Short Term Loan
We know that life is full of surprises. If all you need is a buffer against unexpected events to supplement your cash requirements, then the simplest working capital option is an overdraft facility to be repaid on demand. Otherwise you can take a short term loan to be repaid within a year as another option.
Supplier / Distributor Finance
Also known as factoring, a flexible form of loan, where we advance 80-85 per cent of approved invoices raised by you in just 24 hours. We will make the collections for you so that you will be able to concentrate on running your business better and making it more successful. Factoring improves your cash flow, enhances customer relations and eliminates the need to raise additional financing. Secondly, with money in your hands, you will be able to obtain better terms from your own suppliers, making you more competitive. We charge you a nominal service fee plus interest on the monies advanced to you.
Corporate Debt Paper
Commercial Paper An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. Maturities typically range from 2 to 270 days. Commercial paper is available in a wide range of denominations, can be either discounted or interest-bearing, and usually have a limited or non-existent secondary market. Commercial paper is usually issued by companies with high credit ratings, meaning that the investment is almost always relatively low risk. Many companies use commercial paper to raise cash needed for current transactions, and find it to be a lower-cost alternative to bank loans.
Fixed/Floating Rate Note This is a form of guaranteed long term debt paper primarily issued by corporations for tenures ranging from 6 months and above, at a fixed or floating interest rate to raise funds at a lower cost. The investors are usually institutional dealers, who will subsequently sell down this debt paper to its investors at competitive interest rates.
