Export Factoring
Enhance Your International Trade with SBI Factors
Export factoring is a very very important financial service for those who look forward to engaging in international trade. It provides them with an opportunity to raise cash flow in an easy way, curb credit risk problems and further ease the entire process of collection from overseas debtors. SBI Factors has powerful export factoring solutions for the Indian exporters, through which they can acquire instant working capital to focus on increasing their global footprint.
What is Export Factoring?
Export factoring is a financial service wherein a company sells its foreign accounts receivables (foreign sales-invoiced) to a factor at a discount for immediate cash. The factor takes on the credit risk, the collections, and occasionally, credit protection, depending on the kind of agreement entered into.