| Factoring ( Domestic & Export)
Factoring is a short term loan that provides liquidity to the business immediately and enables the business to increase its turnover in the form of us buying your account receivables as you will not have to wait till the end of the credit term for payment from your customers. IFS(T) will give you cash advancement of up to 90% against your receivables within 24 hours (on a business day) after you have submitted invoices and other trade documents to IFS(T).
The factoring facility is applicable to both domestic and export sales and can be used by all kinds of businesses, whether they are traders, manufacturers
or service companies, such as:-
• Traders : for all kinds of goods.
• Manufacturers : electronics, packaging, automobile parts, plastic products, etc.
• Services : advertising agency, security guard, manpower supply, etc.