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Exalt is founded on the value of truthfulness, credibility and transparency. We cater to Corporate, SME and Retail business in high opportunity and fast emerging Indian market and deliver innovative financial solutions. Exalt is valued for its relationship based service and deal execution skills. We understand the individual nature of assignment and work closely with clients to deliver the objectives desired, either by way of Term loan for projects or Trade products.
Exalt helps to arrange Trade Products :
Export Bill Negotiation, Export Packing Credit, Letters of Credit, Bank Guarantees.
Factoring Products : Bill Discounting, Receivables Discounting.
Credit Products : Cash Credit / Overdraft / Working Capital Demand Loan / Term Loans / Business Loans
Categories:
- Letter of Credit (LC) / LC Discounting
- Overdraft/Business Installment loan
- Working Capital Loans
- Vendor/Dealer Finance
- Equipment & Machinery Loans
- Vendor Bill Discounting
- Export / Import Finance
Letter of Credit (LC)/ LC Discounting.
A Letter of Credit is a letter from Bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. This guarantee of payment helps you transact with companies with whom you have had limited interaction and are unsure of their credit history.
Banks offers two types of LCs, Sight and Usance LCs, both inland and foreign. LCs get sanctioned and issued quickly, and are competitively priced.
A sight LC is a letter of credit that is payable immediately on presentation along with the necessary documents. A usance LC is a letter of credit that is payable after acceptance of presented documents and at a specified future date.
Overdraft/Business Installment loan
As a Growing Entrepreneur, time is valuable for you. To expand business you require money. Business loan is your easy access to money. Banks provide overdraft or business installment loan with faster turnaround time.
Overdraft:
Working capital as Overdraft facility
Validity of 12 months
Interest to be levied on the amount utilized
Business Credit:
Credit facility in the form of Term Loan
Payment in the form of equated monthly installments
Repayment tenure of 12-60 months
Working Capital Loans
Managing finance is the most important component of any business. Predominant business needs are access to funds at competitive rates and managing the balance sheet as effectively as possible. However, there are ways by which you can enhance your eligibility.
Banks offers you working capital finance by way of cash credit/working capital demand loans suitably structured to your needs and your risk profile. Banks also offers you Take Over Plus Top-Up of Working Capital Loan.
Banks also offer facilities such as bank guarantees and Letter of Credit at competitive rates
Vendor Finance
If you are a vendor to large Indian corporates, Banks offers Bill Discounting services on bills drawn by you on a company. Bills accepted by the company are eligible for discounting under this scheme. Unlike Corporate Bill discounting limit which is a limit to the corporate, this is a limit to the vendor. Accordingly, limit is outside the banking arrangement of the Corporate, and recourse is to the vendor. Banks offer invoice discounting facility in case the corporate is not willing to accept a bill of exchange
Dealer Finance
Dealer Financing schemes offer short-term unsecured finance at reasonable cost to selected dealers of large corporates, extended for procurement of goods from corporates. These are commonly available on a non-recourse basis, with corporate recourse available by way of First Loss Deficiency Guarantee in some cases. The corporate provides non-financial comforts like Stop Supply Letter, Assistance in Recovery & Resale while all payments due to dealer are to be routed through banks accounts. Dealer financing can be structured as a Bill Discounting or Overdraft Facility.
Equipment Finance and Machinery Loans
Equipment Financing Loans are a convenient, hassle-free way to procure the equipment you need to make your business grow. Exalt expertise and experience in equipment financing simplifies the processes involved in getting you the funds you need.
Vendor Bill Discounting
If you are a vendor with a turnover of Rs.1 crore or more, Bank's Vendor Bill Discounting facilitates discounting for supplies to large corporates made by you. This goes a long way in meeting your working capital needs, and allows you access to funds at competitive rates of interest.
Export Finance
If you are an exporter, Bank's Export Finance services will go a long way in facilitating the flow of your business. Banks offer both Pre-shipment as well as Post-shipment credit in both Indian Rupees as well as foreign currency, tailor-made to suit the requirements of your business.
Import Finance
Bank's Import Finance services provide you with structured and customized solutions that draw upon our expertise and experience in the world of international finance and cross-border transactions.
Arrange for short-term credit, (buyers credit and suppliers credit)
- Negotiate with overseas banks for better rates.
- Issuance of Bank Guarantees.
- Advance payment for imports.
- Booking of forward contracts.
Documents Required
- Company profile
- Directors Profile
- Residence proof of Directors : Copy of Telephone Bill/ Electricity Bill, Driving License/ Passport
- Identity proof of Directors : Copy of Driving license, Passport and PAN card.
- Product Details
- Latest income tax return of last 3 years with balance sheet P&L and audit report.
- List of Debtors and Creditors
- Details of existing loans along with copy of sanction letters.
- Bank statement of last 6 months
- Latest sales tax/VAT/service tax return
- Certificate of registration with MOA & AOA.
- Proof of ownership: Title Deed, Municipal Tax/Municipal Charge Bill / Receipt, Property Tax Paid Bill
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