Supplier Payment Finance product is innovative solutions that aim to fund supply chains for medium and large buyers. They are designed to optimize payment terms, reduce costs and increase efficiency of cash flows.
This scheme will allow suppliers to get paid immediately that have been approved by client and allow client to pay the financed amount to Lender up to 120 days. Supplier payment financing is available for domestic and international supplier.
Under supplier payment finance, bank or finance company finance up to 85% of invoice amount and balance amount has to contributed by company.