Letter of Credit Issuance
Secure international trade with our letter of credit issuance services
What is Letter of Credit Issuance?
Letter of Credit Issuance is a powerful financial tool that provides businesses with immediate access to cash tied up in their outstanding invoices. Instead of waiting for your customers to pay, you can sell your invoices to us and receive a significant percentage of their value upfront. This accelerates your cash flow, enabling you to manage expenses, invest in growth, and seize new opportunities without delay.
Improve Cash Flow
Instantly boost your working capital to manage day-to-day operations smoothly.
Fuel Business Growth
With ready cash, you can take on larger orders and expand your business with confidence.
Reduce Credit Risk
Mitigate the risk of customer defaults and late payments affecting your finances.
Are You Eligible?
We have a straightforward eligibility process. Here’s what we typically look for:
- Business Vintage: Minimum 2 years of operation.
- Annual Turnover: At least ₹5 Crores.
- Credit History: A healthy credit profile with existing lenders.
- Invoice Quality: Invoices raised against reputable companies.
Our Simple 4-Step Process
Submit Documents
Share your invoices and basic business documents with us.
Quick Assessment
Our team verifies your documents and assesses the invoices.
Get Approval
Receive a sanction letter with the approved funding amount.
Funds Disbursed
Access the funds in your account within 24-48 hours.
Documents Required
- Business registration documents
- GST registration certificate
- PAN card of company and directors
- KYC documents of directors/partners
- Last 2 years audited financial statements
- Last 6 months bank statements
- GST returns for the last year
- Copies of invoices to be discounted
- Proof of delivery or service completion
- Details of buyers/debtors
Frequently Asked Questions
Invoice discounting is confidential; your customers are not aware of the arrangement. In factoring, the financing company often manages your sales ledger and collects payments directly from your customers.
You can typically receive up to 90% of the invoice value upfront. The remaining 10% (minus our fee) is paid to you after your customer pays the invoice.
Once your facility is set up, you can receive funds against new invoices within 24-48 hours.