Supply Chain Finance is a unique short-term working capital finance. It is basically a mixture of financial instruments, including overdraft and invoice bill discounting, that primarily focuses on optimizing finance and flexibility for the customer. This can be easily accessed by suppliers or dealers who have remarkable business relationships with enterprises to optimize their working capital requirements.
Supply Chain Finance means a set of business and financing practices that forms connections between several parties within a transaction - buyer, seller, - financing institution - for lowering financing costs while improving business efficiency.
Supply Chain Finance is regarded as a financial agreement between the buyer and the supplier or financier. The finance provider settles supplier invoices way ahead of the invoice maturity date at an exceptionally lower financing cost than the supplier's funds. Next, all other parties share the benefit of the lower cost of funding.
The Supply Chain Finance providers of India adhere to the following mechanisms:
And finally, the financier debits the amount from the buyer's account during invoice maturity.
Please note that this unique arrangement lets the buyer negotiate better terms and prices with the supplier.
Within the entire system, all three stakeholders stand to gain. Here, we have enlisted the benefits acquired by the supplier, buyer, and Supply Chain Finance:
Please note that both banks and non-banking financial companies offer Supply Chain Finance. The sectors or focuses that largely prefer this financial instrument are FMCH, agro, commodities, electronics, electrical, and consumer durables.
Some of the most common types of Supply Chain Finance services are:
The requisite documents for availing Supply Chain Finance vary from one business to another. However, you need to submit some of the basic documents, including:
Some of the instruments of Supply Chain Finance are:
It enables the seller to hold goods in a warehouse for buyers until the goods are no longer required.
This unique financial instrument permits sellers to sell their drafts relating to a specific buyer to a bank at a discounted rate. It is granted instantly after the buyer approves them.
It is an order widely available to the seller based on a purchase order received from a buyer.
Some of the most compelling features of Supply Chain Finance are:
The medical equipment loans will enable medical facilities and even doctors to purchase medical equipment that is required to provide effective treatment and services to their patients.
Yes, you can apply for these loans online if you fit the criteria given below:
To apply for medical equipment loans, you need to look for trusted websites, such as Piramal Finance, and apply for the loan by filling up the loan application. Be sure to provide all the correct documents, and it will be approved in less than 3 days.
Physicians, nursing homes, dentists, medical labs, physicians specializing in Ayurveda, etc., can easily apply for this loan.
Yes, they do, but it highly depends on the applicant's eligibility criteria.
You will come across several types of medical equipment loans, such as loans for all doctors, loans for all dentists, and loans for all medical companies or facilities.
The medical equipment loan gets disbursed to the dealer or manufacturer to purchase the medical equipment.
When you apply for the medical equipment loan, you will get a loan amount of over INR 10 Lakhs. You can repay the loan without any hassle within 60 months.
If you're looking for a loan account statement, you can easily find it on Piramal Finance's website at the customer's portal. This portal can manage and view the loan account statement anytime and anywhere.
To apply for this loan, you can follow these steps: