Receivable Financing
Red Fort Capital offers receivable loans as an alternative financing option to traditional business loans. Receivable loans, also known as invoice financing, are a type of financing where a business borrows money against its accounts receivable, which are the invoices that it has issued to its customers.
Receivable loans can be a useful option for businesses that have a lot of outstanding invoices but need cash flow to keep operations running smoothly. Rather than waiting for customers to pay their invoices, a business can borrow money against those invoices and use the funds to cover expenses, pay bills, or invest in growth opportunities.
Red Fort Capital’s receivable loans are designed to be flexible and customizable so that businesses can choose the amount of funding that they need and the repayment terms that work best for them. Our receivable loan process is also designed to be quick and streamlined, with minimal paperwork and a fast turnaround time.
If you’re interested in exploring receivable loans as a financing option for your business, Red Fort Capital can help. Contact us today to learn more about our receivable loan offerings and how we can help you grow your business.
Eligibility Criteria and Documents required for Industrial Loan
Eligibility Criteria
- Minimum Turnover: ₹ 50 Lakhs per annum
- Business Vintage: At least 2 years
- Collateral Cover: 1.5x of loan amount
- Loan Amount: ₹ 1 – ₹ 10 Cr
- Tenure: 1 to 5 years
Loan Application Process
- Determine the type of loan that suits your business needs.
- Check your eligibility criteria to ensure that you meet the requirements.
- Gather all the necessary documents for your application.
- Apply through our website or message us on WhatsApp to start the application process.
Documents Required
- Pan Card: Personal and business
- Identity proof: Aadhar card, Voter’s ID, or Driving License.
- Address proof: Aadhar card, Voter’s ID, Driving License, or Passport.
- Previous 6 months bank statements.
- Latest Income Tax Return (ITR) report.
- Audited financial statements: Income statements, Balance Sheet, and Cash Flow statements of the last 2 years
- Copy of Business Incorporation certificate.
- Other mandatory documents that serve as proof of your business.