Open Credit Payment Terms
Accelerate Your Open Trades Globally With iFactor
Export Factoring
Our Export Factoring Marketplace provides a revolutionary solution. We help exporters quickly access the working capital they need by connecting them with the right factoring companies.
Exporters face challenges accessing short-term financing which can be a major impediment to their growth and success. Our Export Factoring Marketplace solves this problem by providing access to quick, low-cost financing. We connect exporters with top-tier lenders and provide a transparent, secure online platform for all transactions. With our platform, exporters can access funds in as little as 24 hours and get the capital they need, quickly and easily.
With export factoring & trade financing, businesses all around the world are struggling to understand and source the best deals from various financial institutions. Our Export Factoring & Trade Finance Market Place provides businesses with simplified access and comparison of multiple offerings, enabling them to make informed decisions & reduce risk in international transactions. With our service, we are making it easier for businesses to access global finance and capitalize on international opportunities not available before. Register today and become one of the thousands of businesses that are increasing their productivity with the help of iFactor Market Place.
World's Largest Aggregator - Export Factoring
Product Features Highlights - EXPORT FACTORING
WE offer solution to the core problems of Funding / Finance of Business houses / SME by way of arranging working capital in the form of INVOICE FACTORING
- Unsecured/Collateral Free Finance
- Off Load Buyer Risk - No Risk of Buyer default to Exporter
- Non Recourse Limit
- Running Account Credit Limit
- Turnover Linked Limit
- Cash Inflow at Invoice stage though open Credit exports
- Cost Nearly to the Working Capital Costs
How it works - EXPORT FACTORING
Best Suitable to Apply for Export Factoring Finance – WHEN ?
Exhausted With Banking Limits
No Collateral to Offer
Need Unsecured Funding
Need Early Payments
Not Considered as Debt in Books
Stay Risk free for Payments
Need Limit-Basis on 1-to-1 Trade Relationships
Benefits to the Exporter
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Improved cash flow
Immediate funding upon presentation of invoices
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No losses due to bad debts
Correspondent cover which insures buyer’s credit risk
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Fully unsecured facility and Self liquidating finance
Buyer makes payment directly to liquidate outstanding
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Balance sheet ratios improve
Factoring is off balance sheet for the Exporter (Annual and Quarter Ending results improves)
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No language/time zone issues
Collections are done by Factoring Agency’s correspondents
There’s More BENEFITS
No NoC Required
Do not require a NoC from your bank. Also, as per RBI norms, exporters, on their own, can arrange for themselves a line of credit with an overseas bank or any other agency.
Healthy balance-sheet
Because invoice factoring doesn’t involve lending. It is not considered to be debt, so it doesn’t impact your debt- to-income & Debt to Equity ratio.
Flexible Limits
The credit limit is determined by a combination of the amount of receivables and creditworthiness of your customers. Thus, our limits grow as your requirements grow.
Onboarding Process – AT ONE CLICK
Easy Application
The exporter can fill and share an easy application form along with necessary documents which helps us understand them better.
Quick Assessment
Our team will assess the exporter profile and submit proposal to Various Factoring Agencies in a matter of just weeks time
Limit Sanctions
iFactor gets the final limit available from various Factoring agencies and advise from the experience for acceptance of Limits
Limit Setup
iFactor advise and assist in end to end documentations and to set the limit which can be utilized by the Exporter
World‘s Largest Aggregator – HOW WE WORK !
ONE CLICK APPLICATION
iFACTOR
iFACTOR DELIVERABLES
Registration
Receipt Details
Your Buyer does not Eligible for Credit Limit or Factoring funding is not available for such buyer
Select offered Plans and Make Payment
Internal Assessment
Limit Available Know your Best Comparative Important Terms of Factoring Funding For Decision Making & Agreed For Sanctions Process
Fill Form (Exporter & Overseas Buyer/s Details)
Sharing with SUITABLE Factoring Companies
On Limit Available > Decision from comparatives Terms. > Sign EL for success fees, further Sanction process and Limit Set up > (Get Lender Name on EL Sign only)
Submit
Quick Assessment
Limit Sanctions
