SME Cash Ease

SME Cash Ease (Local Bill Discounting Program) is a liquidity solution for SME level businesses to maintain a profitable working relationship with their client companies. Cash Ease offers a bill discounting facility for the suppliers/vendors of large local concerns.

Many times, SME businesses are hard-pressed for operating capital as their supplies are subjected to agreed credit periods with their client companies, for the realization of payment. This pressure is absorbed by the supplier/vendor as part of the cost of goods delivered.

Salient Features:

  • Avail a loan up to Rs. 25 million for one year, renewable at expiry.
  • No collateral required. Invoices discounted serve as security along with Personal Guarantee(s) of Proprietor, Partners & Directors.
  • Loan amount is up to 90% of the invoices value generated through supplies.
  • The facility is renewed annually.
  • Pricing is KIBOR-based and negotiable as per business volume/turnovers.

Rates and Charges:

Processing Fee (Upfront with LAF) As per SOC (non-refundable)
Documents/Legal Charges Actual cost of revenue and special adhesive stamps

Required Documents:

  • Customer Request Letter.
  • Borrowers’ Basic Fact Sheet.
  • Audited Financial Statements.
  • Business Profile.
  • Six Months’ Bank Statement.

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