Vendor Finance

Vendor Finance - Loan Against Invoice/Purchase Order/Work Order

Vendors are critical elements of any supply chain framework since they provide raw materials and services to the manufacturer. Vendor finance tends to be revolving, short-term finance secured either by discounting the invoices for the goods supplied or services offered by the vendor. This gives a vendor access to working capital finance which is primarily against its cash flow from the anchor.

Key Features

• Short term working capital finance
• Faster sanctioning and turnaround time
• Hassle free repayment process

• Minimal paperwork requirement
• Technology driven platform for disbursement
• Dedicated relationship manager

Eligibility

• The vendor should have a business relationship with Anchor for 1 year

Interest Rate and Charges

• To be agreed at each Vendor-Anchor level upfront.

Documents Required

• Brief business profile of the firm with the business projection
• Audited financials
• Bank statement of the operative business account