info@canbankfactors.com
Ph: 080 – 22420237/ 22420238/22420239

WHAT IF FACTORING?

  • Factoring is discounting of your receivable thereby converting your credit sales into cash sales immediately.
  • we purchase your receivables with recourse basis and give you immediate credits up to 80% to 90% of the value of invoices.
  • On due date the buyer makes payment directly to ‘Factors’ and thus liability is cleared.
  • Thus Factors ensures smooth funds flow to you.

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WHAT IF FACTORING?

  • Factoring is discounting of your receivable thereby converting your credit sales into cash sales immediately.
  • we purchase your receivables with recourse basis and give you immediate credits up to 80% to 90% of the value of invoices.
  • On due date the buyer makes payment directly to ‘Factors’ and thus liability is cleared.
  • Thus Factors ensures smooth funds flow to you.

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BENEFITS OF FACTORING

  • Improves cash flow and liquidity.
  • Helps in improving your turnover.
  • Better credit management.
  • Improves profit and makes your balance sheet healthier.
  • Strengthens your bargaining power with your suppliers/ creditors.
  • Hassle free processing for availment of limit.
  • Complimentary to WC limits availed from Banks.
  • Follow up each invoice by the Factor & Collection of dues.
  • Providing “Off Balance Sheet" Finance.
  • Improved current Ratio, Gearing Ratio and better turnaround period.
  • Reduces working capital cycle

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FACTORING VS BANK

  • Focused attention
  • Off Balance Sheet Finance
  • Maximum 20% Margin
  • Quick appraisal & Sanction
  • Longer credit periods up to120 days
  • Beyond MPBF
  • Active follow-up of Factored debts
  • Only routing handling
  • On Balance Sheet Finance
  • Higher margin on book debts 30-40%
  • Normal Period
  • Maximum 90 days only
  • Restrictions on A/C of MPBF norms
  • Only routine follow-up

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OUR SERVICES

  • Providing Finance Against Inovices
  • Sales Ledger Administration
  • Debit Collection Service
  • Advisory Services

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Our Mission

Our mission is to enhance your cash flow and assist your business thrive and grow.

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Company Profile

A subsidiary of CANARA BANK, a leading Public Sector Bank, reputed for its diversified and professional services.

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Factoring

Factoring is a Powerful and alternate instrument in the financial services market.

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About Us

CANBANK FACTORS LTD

A subsidiary of CANARA BANK,

a leading Public Sector Bank, reputed for its diversified and professional services. Incorporated in the year 1991, with Small Industries Development Bank of India(SIDBI) and Union Bank of India as co-promoters.

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The Chairperson is the Executive Director from Canara Bank and the Managing Director is an Executive in the top management cadre of Canara Bank.
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