Bill Discounting is a major trade activity. It helps the seller's get funds earlier on a small fee or discount. Bill discounting helps the business owner to finance his/her unpaid invoices and gets instant cash which further can be used for working capital. Bill or Invoice discounting helps to improve the cash flow from your sales invoices.
Changes in the socio-economic structure and rapid development in society have led to the origin of several start-ups and small business enterprises. These enthusiastic organizations are always in need of proper funding and efficient cash flow to thrive and maintain their expenses. Small businesses that have not been into existence for long, find it difficult to get loans from the bank.
They also do not possess enough assets and income in the initial years. Due to a lack of business contacts, they are also not able to attract investors to invest in their business. All these challenges put impediments in their path to success. Enjoy quick access to funds with our bill discounting service. Receive customised solutions that match your business needs with our bank’s dedicated trade finance set-up, and benefit from our nationwide network of branches and correspondent banks and NBFC’s. Invoice Finance has come up as a strong option to secure short term business financing. It is a way for the business to use their high-value invoices as collateral to borrow money for their expenses.