Discover various types of factoring and their benefits. Sriya Enterprise provides expert advice on choosing the right factoring solution for your business. The main types of factoring include:
Recourse Factoring: The business retains the risk of non-payment by the customer. If the customer fails to pay, the business must repurchase the receivables.
Non-Recourse Factoring: The factoring company assumes the risk of non-payment. The business is protected from customer defaults.
Domestic Factoring: Involves factoring receivables within the same country, focusing on domestic transactions.
Export Factoring: Involves factoring receivables from international sales, addressing the complexities of cross-border trade.
Reverse Factoring: Also known as supply chain financing, where the buyer arranges factoring for their suppliers to ensure timely payments.
Sriya Enterprise offers detailed guidance on selecting the appropriate type of factoring based on business needs and financial goals.
Export Finance in India In India, export finance is supported by various financial institutions and government schemes. Organizations like the Export-Import Bank of India (EXIM Bank), Small Industries Development Bank of India (SIDBI), and commercial banks play a pivotal role…
