info@canbankfactors.com
Ph: 080 - 22420235 / 22420239

" Secured assets possessed under the SARFAESI Act 2002-1"      |      "GSTIN details"      |      "Bubaneshwar Branch merged with Bengaluru branch W.E.F 14.8.2024"      |      " The Chennai branch merged with the Bengaluru branch of W.E.F 19-11-2024." " The Indore branch merged with the Mumbai branch of W.E.F 28-02-2025." " The Delhi branch merged with the Ludhiana branch of W.E.F 28-02-2025."

WHAT IS FACTORING?

  • Factoring is discounting of your receivable thereby converting your credit sales into cash sales immediately.
  • we purchase your receivables with recourse basis and give you immediate credits up to 80% to 90% of the value of invoices.
  • On due date the buyer makes payment directly to ‘Factors’ and thus liability is cleared.
  • Thus Factors ensures smooth funds flow to you.
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WHAT IS FACTORING?

  • Factoring is discounting of your receivable thereby converting your credit sales into cash sales immediately.
  • we purchase your receivables with recourse basis and give you immediate credits up to 80% to 90% of the value of invoices.
  • On due date the buyer makes payment directly to ‘Factors’ and thus liability is cleared.
  • Thus Factors ensures smooth funds flow to you.
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Benefits of Factoring.

  • IMPROVES CASH FLOWS AND LIQUIDITY.
  • HELPS IN IMPROVING YOUR TURNOVER.
  • BETTER CREDIT MANAGEMENT.
  • IMPROVES PROFIT AND MAKES YOUR BALANCE SHEET HEALTHIER.
  • STRENGTHENS YOUR BARGAINING POWER WITH YOUR SUPPLIER / CREDIOTRS.
  • HASSLE FREE PROCESSING FOR AVAILMENT OF LIMIT.
  • COMPLEMENTARY TO WC LIMITS AVAILED FROM BANKS.
  • FOLLOW UP OF EACH INVOICE BY FACTOR AND COLLECTION OF DUES.
  • PROVIDING “OFF BALANCE SHEET” FINANCE.
  • IMPROVED CURRENT RATIO, GEARING RATIO AND BETTER TURNAROUND PERIOD.
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FACTORING VS BANK

  • FACTORING
  • Focused attention
  • Off Balance Sheet Finance
  • Maximum 10% Margin
  • Quick appraisal & Sanction
  • Longer Credit periods up to 120 days
  • Beyond MPBF
  • Active follow-up of Factored debts
  • BANK (BILL DISCOUNTING)
  • Only routine handling
  • On Balance Sheet Finance
  • Higher margin on book debts 30-40%
  • Normal Process
  • Maximum 90 days only
  • Restrictions on a/c of MPBF norms
  • Only routine follow-up
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Our Services

  • PROVIDING FINANCE AGAINST INVOICES
  • SALES LEDGER ADMINISTRATION
  • DEBT COLLECTION SERVICE
  • CREDIT ADVISORY SERVICES
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About Us

CANBANK FACTORS LTD

A subsidiary of CANARA BANK,

a leading Public Sector Bank, reputed for its diversified and professional services. Incorporated in the year 1991, with Small Industries Development Bank of India(SIDBI) and Union Bank of India as co-promoters.

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The Chairperson is the Executive Director from Canara Bank and the Managing Director is an Executive in the top management cadre of Canara Bank.

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