Get Paid Sooner, Not Later! Learn About the Power of Invoice Financing and How it Can Help You Grow Your Textile Business.
If you’re a textile business owner looking for a quick and hassle-free way to raise capital, invoice financing might be the solution. This form of short term loan allows you to borrow money against your unpaid invoices, giving you immediate access to funds.
If you’re curious about how ReshaMudra invoice financing can benefit your textile business, keep reading!
1. A Timely Solution To Liquidity Crunch
By turning invoices into cash in advance, invoice financing streamlines operations, enables faster payments, and reduces the risk of default. It also gives you a competitive advantage by unlocking the value of your inventory and making it easier for you to compete in the market.
2. Collateral Free And Easily Accessible
No collateral or lengthy application process is required to avail invoice financing. You can receive funds quickly and efficiently without putting up any assets or properties as collateral. The flexibility and ease of use allow you to access funds easily.
3. Enhanced Cash-flow Management
ReshaMudra Invoice financing allows you to access money tied up in approved, unpaid invoices. This means you have full control over your cash flow and are able to borrow as much money as needed without risking late payments or bad debt.
4. Better Margins & Cost Effectiveness Compared to Loans and Overdrafts
In the highly competitive world, SMEs need to maximise their borrowable limit. Unfortunately, traditional loans from banks and other financing firms often offer you less amount, higher interest rates, and recurring service charges. In addition, these services are often not available to your business type.
However, ReshaMudra invoice financing is a cost-effective solution because it offers :
- Higher percent range of invoice value
- Cash discount to increase profitability
- Flexible repayment options
- Low interest rates
- Up to 60 days credit period
5. Acquiring Working Capital Without Compromising Balance Sheet Strength
Maintaining a healthy balance sheet is essential for the success and stability of any business. However, acquiring working capital can sometimes strain the company’s balance sheet, causing an imbalance between assets and liabilities.
But what if there was a way to access working capital without compromising your balance sheets? What if you could free up funds locked in unpaid invoices?
That’s exactly what ReshaMudra invoice financing is all about.
To sum it up, if you are a textile business owner looking for an easy loan to fuel your businesses growth, Invoice Financing can be a powerful tool.
We at ReshaMudra, the financial support division of ReshaMandi, have recognized this potential and taken it a step further by offering tailored solutions to bridge the credit gap in the natural fibre ecosystem. So, whether you are a weaver, fabric manufacturer, or textile retailer, we have the best loan offers to meet your specific needs.
Download the ReshaMandi App to avail ReshaMudra Invoice Financing, or call +91 9901300605 for more details.