Invoice factoring is a financing tool available to businesses that do a lot of B2B or B2G invoicing. This is an alternative solution to traditional types of business finance. It eases strain on your business by releasing funds from your unpaid invoices, while our expert credit management team look after your payments.

Factoring is the ideal solution for businesses looking to save time chasing payments. Invoice factoring releases up to 80% of the value of your unpaid invoices the moment you issue them to your customers. Our discreet and friendly expert credit management team will do all the work giving you more time to focus on the day-to-day running of your business. You'll have the full support of a relationship manager; you can have a conversation regarding your queries whenever you need to.

Here are some salient features:

  • Collateral free working capital - Financing is unsecured and offered without any collateral.
  • Customized Credit Line - We arrange a credit line depending upon your company’s size and requirement.
  • Advance of up to 80% invoice value - You can now get paid upfront for your invoices. This can help release upto 80% of  the invoice value stuck.
  • Fast approval, minimal paperwork & hassle free process.

We work with businesses from a wide range of sectors to help them meet their goals, whether it's improving cash flow, mitigating late payments or managing seasonal demands.

Eligibility

Is Invoice Factoring suitable for my Business??

  • Export Vintage of 3 years.
  • Minimum Experience of 36 Shipments.
  • Minimum 6 shipments in last six months.
  • Minimum Export Turnover of 2 Crores.
  • Minimum 2 Shipments to Existing Buyer.
  • African countries & US sanction countries are not allowed.
  • Goods being exported should have expiry date of more than 6 months. 

Benefits

  • Quick access to working capital
  • Maintain customer relationships by allowing our friendly, expert team to collect payments
  • Save time chasing late payments
  • Eliminate risk from customer insolvency with bad debt protection

 How to apply

  • Tell us about your business
  • Tell us about yourself
  • Share your documents

For more details, email us at inquiry@oogvay.com or call us at +91-7710444526

Our Products

We offer you hassle-free services.

PROJECT FUNDING

Project Funding

LOAN AGAINST PROPERTY

UNSECURED LOAN

MACHINERY LOAN

HOME LOAN

INVOICE FACTORING