You invoice your customer in the usual way-only adding a notification that the invoice is assigned to and must be paid to SBI FACTORS.

You submit copies of invoices to SBI FACTORS, accompanied by the receipted delivery challan or any other valid proof of despatch.

SBI FACTORS will provide pre-payment up to 80% of the invoice value.
Follows up with the customers for realization of payments due.

Follows up with the customer for realization of payment due.

Balance payment made immediately on realization.

To keep you informed of the factored invoices, SBI FACTORS will send you monthly statement of account.