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Debt Factoring
Debt factoring service operates similar to an overdraft facility that offers recourse over pledged receivables to provide liquidity for your business.
Purpose
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Invoice Factoring
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Working Capital
Eligibility
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Business Operation: 2 years in operation or can be considered based on owners strong business or income background
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Fund Utilization: excluding overdue debtors (30-90 days) and related party transactions
Key Features
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Finance Limit: Up to MVR5,000,000
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Collateral: Up to MVR2.5m pledge against receivable Above MVR2.5m- property/vehicle
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Loan Tenure: Up to 12 months (01 year)
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Grace Period: n/a
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Equity: n/a
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