WORK ORDER LOAN FEATURES
Product Features
- Up to 80% of advance financing against verified invoices.
- Credit Period is the client cash flow cycle (maximum of 180 days).
- Loan limit: any amount that is justified with sales (and incumbent on management approval).
- Manage and improve cash flow precisely and efficiently in the balance sheet, reducing operating costs.
- Loan tenure: 1 year from the sanction date.
Process:
- Supplier delivers goods.
- Supplier submits invoice to SFIL.
- SFIL submits invoices for receiving.
- SFIL funds up to 80% of invoice value.
- Buyer makes payment to SFIL on original due date.
- SFIL refunds the remaining 20% after deducting the charges.
