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Need of Dealer Finance
Dealer finance is essential to tackle challenges such as working capital shortages, cash flow mismatches, and limited access to credit. Dealers often face liquidity issues due to delayed customer payments, seasonal demand surges, and misaligned supplier payment cycles, making it difficult to sustain operations or invest in inventory.
Traditional credit options often fall short, leaving dealers with high operational costs and pressure from suppliers for upfront payments. Dealer finance provides immediate liquidity, enabling better inventory management, timely supplier payments, and operational efficiency. By bridging cash flow gaps and offering flexible repayment terms, dealer finance empowers dealers to optimize their supply chain finance and ensure business growth.
Drive Growth with Mynd Fintech’s Smart Dealer Financing
At Mynd Fintech, our Dealer Finance solutions provide tailored credit options to empower dealers with the working capital they need. We eliminate financial bottlenecks, ensuring smooth transactions, optimized inventory, and efficient cash flow. Our solutions enable dealers to focus on sales and business growth, helping you strengthen your distribution network.
Features:
Unsecured Line of Credit Facility offered to Dealers having good track record with well performing Corporates
Loan agreement signed between the Dealer and Financier
Enables qualifying Dealers to finance payments to be made to Anchor Corporates against confirmed invoices
Technology integration with Corporates’ ERP and use of Mynd Portal for seamless flow of Invoice information across the Corporate, Dealer, Mynd and the Lender
How it Works
01
One Time Credit Limit Set-up
- Limit amount and period finalized basis risk assessment of Anchor Corporate and Dealers
- Digital on-boarding of Anchor and Dealers
02
Digital flow of Anchor Authenticated Invoices
- Integration with Anchor’s ERP for online invoice flow
- System for uploading digitally signed invoices, if ERP integration is unavailable
03
Online Disbursement
- Authenticated POs are funded within 24 hours
- Disbursement done in Anchor’s designated Bank account
- Limits revised post each disbursementc
04
Online Repayment before due date
- Dealer’s NACH is presented on the due date
- Flexibility for Dealer to pay Lender anytime prior to the due date
- Limits get replenished after every payment
Benefits of Dealer Finance
Access to new and profitable lending opportunities with little or no investment
Funding of a confirmed end-purpose
Digital and standardized underwriting process
Highly automated and hence scalable model
Access to immediate working capital required for purchase of goods
Significantly lower rates of interest than prevailing market rates
- Off-balance sheet funding
Increase in sales and market share
Sharper focus of sales team on sales instead of collections
FAQs Frequently Asked Questions
We offer Dealer Finance to all dealers having a proven track with a well performing Anchor corporate and registered as Proprietorship, Partnership, Private Limited, Limited Liability Partnership and Public Limited Companies
The financing disbursement is done by the Lender to the designated Bank account of the Anchor Corporate within 24 hours, as per the process agreed.
Repayment is made by the Dealer to the respective Lender anytime before the end of the credit period. The credit period for each invoice ranges between 30 to 120 days, as per terms agreed with the Dealer. The interest is charged only for the actual period for which credit was used.
Using auto debit facility via NACH.
There is usually no additional collateral required, as our Lending Partners fund a business on the basis of their relationship with the Anchor corporate and the cash flows due within that cycle. However, in some case lenders may request for collateral based on their assessment of the risks involved