1800-103-7261 
hello@myndfin.com
OUR SOLUTIONS
Purchase Order Based Financing
Enables Vendors to unlock receivables early basis invoices confirmed by an Anchor Corporate.
Bagging Purchase Orders required enormous sales and marketing effort over long periods of time. Timely fulfilment of these orders as per agreed specifications is critical to building credibility as a reliable supplier. This will require you to purchase raw material, software, mobilize labour etc. All of this requires working capital. We enable you to raise working capital needed for all these expenses till the time you are able to deliver the required goods and services to respective Corporates. We want to help you focus on timely execution of these orders to the best possible quality specifications so you are the preferred vendor for your customers.
Features:
Finance vendors of mid-sized corporates (turnover between Rs. 200 cr to 1,000cr)- Limit like facility assessed using information like Financials, GST, banking and credit bureau records
- Technology integration for seamless processing and flow of information
- Limits of up to 50 lacs per customer available
- Repayment terms of upto 90 days
How it Works
01
One Time Credit Limit Set-up
- Limit amount and period finalized basis risk assessment of Anchor Corporate and Vendors
- Digital on-boarding of Anchor and Vendors
02
Digital Flow Of Anchor Authenticated Purchase Orders(POs)
- Integration with Anchor’s ERP for online PO flow
- System for uploading digitally signed POs, if ERP integration is unavailable
03
Online Disbursement
- Authenticated POs are funded on T or T+1 basis
- Disbursement done in Vendor’s designated Bank account
04
Repayment
- NACH is presented on the due date for collection
- Flexibility for Vendor to pay Lender anytime prior to the due date
- Limits revised post each disbursement
05
Customized Statement of Account (SoA)
- As and when required
Benefits of Dealer Finance
- Access to new and profitable lending opportunities with little or no investment
- Digital and standardized underwriting process
- Highly automated and hence scalable model
- Access to finance for completing a Purchase Order at the click of a button
- Relatively lower rates of interest than prevailing market rates
- Better chances of timely order completion and delivery
- Healthier Supply Chain
- Vendor Stickiness
GET IN TOUCH
FAQs Frequently Asked Questions
PO based financing is the practice of financing a vendor on the basis of a conformed order issued by a credible customer. Financial institutions including banks and NBFCs provide discounting services for businesses.
We offer PO based financing to all vendors – MSMEs and Non MSMEs – across multiple sectors. Businesses 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 respective Vendor on T or T+1 basis, as per the process agreed.
Repayment is made by the Vendor to the respective Lender anytime before the end of the credit period. The credit period for each invoice ranges between 60 to 90 days, as per terms agreed with the Vendor. 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, we fund a business on the basis of the health of the business cash flows and track record of prior loan repayments. However, in some case lenders may request for collateral based on their assessment of the risks involved.