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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

  • Invoice Factoring

  • Working Capital

Eligibility

  • Business Operation: 2 years in operation or can be considered based on owners strong business or income background

  • Fund Utilization:  excluding overdue debtors (30-90 days) and related party transactions

Key Features

  • Finance Limit: Up to MVR5,000,000

  • Collateral: Up to MVR2.5m pledge against receivable   Above MVR2.5m-  property/vehicle

  • Loan Tenure: Up to 12 months (01 year)

  • Grace Period: n/a

  • Equity: n/a

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