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Finance
Procure raw materials at the right price
How does Vendor Finance Work?
Vendor Finance Benefits
For Buyers
High scalability
Complete big orders with multiple vendors flexibly and scale your business
Digital and Hassle-free
Complete the entire process from sanction to disbursal online.
Cheaper than supplier credit
Get raw materials at the best rates by making an upfront payment
For Suppliers
Improved working capital cycles
Manage your working capital better and expand faster
Unsecured credit line
The unsecured vendor finance is given without putting land or property as collateral.
Instant Disbursement
Receive funds within 24-48 hours of vendor loan sanction
Eligibility & Required Documents
Apply with minimal documentation
Eligibility
Minimum turnover ₹3 crores
Business vintage 3+ years
Required Documents
KYC details
Last 6 months
Financials for previous 2 fiscal years
GSTR details for current fiscal year
How to Apply for Credit
Step-by-step online process to apply
for Financing
1
Check Eligibility
Check your loan eligibility
2
Submit Application
Complete a 100% online application form
3
Get Sanctioned
We will evaluate your application and propose a fair sanction
4
Receive Funds
Get disbursements within 2 days of sanction
Why Oxyzo?
Oxyzo provides new-age customized financing
products for your business needs
Unsecured working capital
Competitive interest rates
Easy Repayment tenure
No foreclosure charges
No part-payment charges
No minimum utilization charges
No new bank account required
Savings up to 3% on raw material purchases
100% digitized and simplified process
Approval within 48 hours
One-time processing fee
Flexible Repayments
Get Working capital with Vendor Finance
Amravati, located in the state of Maharashtra, is a bustling city that boasts a rich cultural heritage and is home to a diverse range of industries. One such industry is vendor financing, and Oxyzo is a leading provider of this service in Amravati.
Oxyzo’s vendor financing solutions are designed to help both buyers and suppliers in the city. For buyers, Oxyzo offers a range of benefits including high scalability, digital and hassle-free processes, and cheaper financing options than traditional supplier credit. These benefits make it easier for buyers to access the financing they need to grow their businesses, without having to worry about cumbersome paperwork or high-interest rates.
One of the key advantages of Oxyzo’s vendor financing solutions for buyers is high scalability. This means that businesses can access financing that grows with their needs, allowing them to take advantage of new growth opportunities as they arise. This is especially important in a fast-paced and competitive market like Amravati, where businesses need to be able to move quickly to stay ahead of the competition.
Oxyzo also offers a digital and hassle-free financing process that allows buyers to apply for and access funds quickly and easily. This eliminates the need for time-consuming paperwork and allows businesses to focus on their core activities, rather than being bogged down in administrative tasks.
Another key benefit of Oxyzo’s vendor financing solutions for buyers is that they are often cheaper than traditional supplier credit. This can help businesses to save money and improve their cash flow, making it easier to invest in new opportunities and grow their businesses.
For suppliers in Amravati, Oxyzo’s vendor financing solutions also offer a range of benefits. These include improved working capital cycles, an unsecured credit line, and instant disbursement of funds. These benefits can help suppliers to manage their cash flow more effectively, access the financing they need to grow their businesses, and reduce their reliance on more expensive forms of financing.
Overall, Oxyzo’s vendor financing solutions are a valuable tool for businesses in Amravati. With a range of benefits for both buyers and suppliers, and a focus on scalability, digital processes, and affordability, Oxyzo is helping businesses to thrive and grow in this vibrant and dynamic city.
Frequently Asked Questions
What are the documents required for vendor finance ?
SMEs can apply for vendor finance with the following documents :
- KYC
- Last 6 months of banking
- GSTR details for the current financial year
- Financial statements for the previous 3 financial years
- Property document
Does Oxyzo provide collateral-free vendor finance ?
Yes
How is eligibility calculated for vendor finance ?
The eligibility depends on the business vintage and turnover. SMEs must have a minimum turnover of 3 crores and a business vintage of at least 3 years to apply online
What are the benefits of vendor financing for an anchor ?
In vendor financing or payables financing, the anchor gets the benefit of an off-balance-sheet facility, can negotiate the best procurement prices, and there is high scalability due to standard documentation which enables the anchor to onboard any number of vendors through a hassle-free process.
