Question 1

What is supply chain finance?

Accepted Answer

Any entity is eligible to avail supply chain financing. Sole proprietorships and associated companies can also use this service. Supply chain finance is like a high-tech aid for businesses that makes deals smoother, hassle-free and more profitable. It is a set of intelligent processes that use technology to reduce expenses and make things work better for everyone in a business agreement. It is like a tool that helps buyers and sellers in a transaction save money and get things done faster.

Question 2

What are the documents required for supply chain financing?

Accepted Answer

The documents required for supply chain financing are the following:

proof of identity
Domicile verification
Financial documents
Business ownership documents.

Question 3

What are the types of business services offered in Supply Chain Finance?

Accepted Answer

The types of commercial services offered in Supply Chain Finance are as follows:

Invoice Discounting
Dynamic Discounting
Supply Chain Finance Platforms
Accounts Receivable Finance
Accounts Payable Financing
Inventory Financing
Purchase Order Financing
Channel financing

Question 4

What are the eligibility criteria for supply chain financing?

Accepted Answer

In order to avail supply chain financing, the eligibility criteria are as follows:

Solvency
Indian nationality
Business age of at least 3 years
Transaction volume
Business relationship
Invoices and accounts receivable
Supply chain visibility
Compliance
Financial health
A good CIBIL score

Question 5

What are the interest rates for supply chain financing?

Accepted Answer

There is no fixed interest rate for supply chain finance. It depends on several factors such as the supplier, company reliability, creditworthiness, market conditions, and more. The interest rate is mainly competitive in nature.

Question 6

How can you apply for supply chain financing?

Accepted Answer

Step 1: Log in to our website https://www.credlix.com/es-mx
Step 2: Provide all necessary information.
Step 3: Please review the eligibility criteria carefully.
Step 4: Agree on financing terms with Credlix.
Step 5: Final approval.

Question 7

What are the features and benefits of supply chain financing?

Accepted Answer

Features and benefits of supply chain financing:

Good working capital and cash flow.
Better inventory management.
Good returns
Low cost
Digital, fast and secure process
Up to 90% of invoices financed
No warranty required

Question 8

Who can take advantage of supply chain finance?

Accepted Answer

Any entity is eligible to avail supply chain financing. Sole proprietorships and partnerships can also avail this facility.

Question 9

What is the repayment term for supply chain financing?

Accepted Answer

The repayment period for supply chain financing is 12 months. Depending on business requirements, it can also be expanded.

Question 10

What are the types of SME loans for supply chain financing?

Accepted Answer

The four common types of SME loans for supply chain financing are invoice financing, purchase order financing, supply chain financing, and inventory financing.

Question 11

How does the company providing supply chain finance calculate and finalize the interest rate?

Accepted Answer

The supply chain finance company calculates the interest rate based on how much of the credit limit the customer has used.

Question 12

How many limits can a company take advantage of in supply chain financing?

Accepted Answer

A company can receive up to 80% to 85% of the total invoice value. It also depends on the specific requirements and eligibility criteria set by the supply chain finance company.

Credlix: the best factoring platform for exporters

Convert up to 90% of the value of your invoices into working capital

Liquidity for your business

We advance up to 90% of the value of your invoices.

Fully digital process

Multiple lines of credit

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