Domestic Factoring

Domestic factoring will allow you to assign to IT Capital receivables arising from the supply of goods or services to domestic customers, and receive advance payment thereagainst to the extent of 80-90% for you invoice, the remaining part is credited to the client’s account immediately upon the payment being obtained from the debtor, depending upon the credit terms. Factoring is recommended for manufacturing and trading companies with high turnaround that need to provide short-term supplier credit and require a large amount of working capital.

Features

• Helps the supplier (seller) to recoup the funds in time and prevents insufficient cash flow caused by the account sales;
• Saves the payment receipt costs and reduces the risk of bad debt;
• Enhances the product competitiveness, gets more orders, expands sales and increases profits;
• Improves the financial status of the enterprise and increases the liquidity of the assets.
• The seller’s performance obligation should be completed before availing of funding.
• There should be a continuous sales flow on an ongoing basis with the same buyer or set of buyer(s).
• Suited for credit terms of 30-90 days.

International Factoring

Specialized in cross-border transactions and with an emphasis on eliminating trade risk, IT Capital offers international factoring. This financial tool helps companies accelerate cash flow, improve collections, and control exposure to bad debts. International factoring is the process of purchasing an invoice from an exporter in one country and collecting it later from his buyer who is in another country. This means that the exporter has been paid upfront, and the buyer can pay later.

Import & export factoring.

Import- For an import program, IT Capital provides credit protection with respect to a foreign supplier’s accounts receivable sold on open terms. We assume the financial ability of the buyer to pay on approved and undisputed receivables.

Export- Through the export program, IT Capital offers a financing solution for companies selling internationally. We work with you to establish credit lines for their foreign customers. We can also manage overseas collections, accounts receivable bookkeeping, and reporting where desired. This tailored solution allows you to increase export sales and reduce credit losses while maintaining cash flow and controlling expenses.

Financial Services

Financial products

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