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Smart Financing for SMEs

Get quick access to Working Capital

It's easy, fast and pocket-friendly

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OfBusiness was started as a startup company founded by IIT-ISB graduates where our founders are with prominent industry experiences like with Matrix Partners, Mckinsey & Company, ITC, Royal Bank of Scotland, and Snapdeal. We have raised over 1500 crs of capital and have over 900 cr of AUM. 

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We are a RBI registered NBFC and have received best credit rating in the industry.

Purchase Financing

We work with manufacturers, infrastructure companies, and distributor/ traders to provide purchase financing lines, and also aggregate raw materials for them across Steel, Polymer, Paper, Rubber, Chemicals and Aluminium.  

 

SMEs usually fund their 30% of working capital requirement via secured limits from the Banks, and remaining 70% is funded by taking credit from the suppliers. On the Supplier credit, the suppliers charge between 2-3% or offer a similar cash discount.  We encourage SMEs to take purchase financing lines from OfBusiness, and take cash discounts from the suppliers, or buy raw materials from our proprietary platform. 

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These are some additional features of the purchase financing product:

Unsecured Credit

Cost Savings and Large Supplier Base

Vendor Database

Eligibility Criteria: 

Turnover: Rs. 3 Cr+ 

 

Documents Required:

  • 3 Year Audited Financials (P&L, BS, Auditor's Report, Notes & Schedules, ITR)

  • KYC - Company PAN Card, Proprietor/Director Aadhar Card & PAN Card

  • 6 Months Banking Statements

  • Latest Sanction Letter

  • Existing Loan Details 

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