Channel Finance
Channel Finance
Channel finance, also known as distribution finance or dealer finance, is a specialized financial arrangement that focuses on supporting and optimizing supply chain operations. This type of financing is commonly used in industries with complex distribution networks, such as manufacturing, consumer goods, automotive, and technology
Income Criteria
Channel financing is a type of financing that supports the working capital needs of channel partners, such as dealers, distributors, and buyers. The business owner must be an Indian national. The business owner must have a turnover of more than Rs. 7.5 lakh.
The business owner must own either a business property or a residential property. The business must have been in operation for at least two years. The business owner must have a decent CIBIL score. The business owner must be at least 24 years old. The business owner must have a last year ITR of more than Rs. 1.5 Lakh.
Documents Needed
KYC
- Pan Card
- Aadhar card
- Bank account statements from the previous 9 months ITR for the last year Certificate of business ownership House and business place address Business financial documents Channel financing is important because it helps to overcome the challenges of working capital management in the supply chain.
Our Benefits
- Reduced risk of bad debts and defaults in the supply chain Improved cash flow Improved efficiency and productivity of channel partners Flexible and competitive terms and interest rates No need for collateral Swift payments Improved liquidity Reduced working capital costs Constant growth