Why should you apply for invoice discounting with CredAble?
How It Works ?
Dedicated Relationship Manager
Once you submit the form, a dedicated relationship manager will be assigned to guide you through the necessary document submission process.
Document Verification and Disbursement
Our team will carefully verify all submitted documents, and upon approval, we will disburse the sanctioned amount.
Funds in Your Account
You can expect to receive the approved amount in your bank account within 4 business days.
Your buyer is expected to make full payment by the due date.
Information we need to process your application
(including PAN, Aadhaar Card information and GST number)
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Purchase Invoice Discounting
Have questions? We’re here to help.
Invoice discounting is a way for businesses to quickly access funds by using their unpaid invoices as collateral. It helps maintain a steady cash flow and ensures there’s enough money available for business growth without waiting for customers to pay their invoices.
Any business that supplies goods/services can avail the bill discounting services provided by CredAble. Eligibility and amount of discounting is governed by the creditworthiness of the business and therefore they should be willing to share their financial information and other related documents.
The amount of funding you can get through invoice discounting with CredAble is not capped. The exact amount will depend on your business’s requirements and eligibility.
Invoice discounting lets businesses use unpaid invoices as loan collateral, providing upfront amount while retaining ownership and often remaining confidential.
In contrast, factoring means selling unpaid invoices to a third-party, yielding control, offering immediate funds but disclosing the arrangement to customers. It can be more costly but offers convenience and risk mitigation as the factor manages collections, informing customers typically.
Please note that CredAble currently provides an invoice discounting facility but does not offer factoring services at this time.
The duration for establishing an invoice discounting arrangement can vary, but generally, approval and funding typically take anywhere from 1 to 2 weeks.
With CredAble’s invoice discounting solution, you can choose which invoices to discount once they are approved by us.