What We Do

Canbank Factors Ltd, a subsidiary of Canara Bank, is a pioneer in the field of Factoring Services in India for last 33 years with a presence in 8 cities across country. The company’s business commitment is to convert the account receivables of the supplier into cash as soon as purchasers are billed. Factoring is an alternative form of post-sale finance. Factor purchases the Book Debts (receivables) of the supplier & pays upto 90% of invoice value. On due date the Buyer makes the payment directly to the Factor. Thus the factor ensures smooth fund flow to the supplier.

Canbank Factors Ltd. has retained its premier position in the Factoring Industry for more than two decades by extending credit facilities viz. Sales Bill Factoring (domestic), Purchase Bill discounting, invoice discounting, Vendor Finance Scheme, Corporate Loan Against Property, Loan against hypothecation of Plant & Machineries & Equipment’s. Most of our clients belong to Automobile Components, Bulk Drugs, Chemicals, Paper & Paper Packaging materials, Cable & Conductors, Electronics, Electrical Engineering and Service Sectors. More than 50% of the funds are deployed in the medium, small & micro enterprises (MSME).