Dealer Finance

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About Dealer Finance

MYND fintech offers Dealer Finance to all dealers having a proven track with a well performing Anchor corporate and registered as Proprietorship, Partnership, Private Limited, Limited Liability Partnership and Public Limited Companies. Features: 1.Unsecured Line of Credit Facility offered to Dealers having good track record with well performing Corporates. 2. Loan agreement signed between the Dealer and Financier. 3. Enables qualifying Dealers to finance payments to be made to Anchor Corporates against confirmed invoices. 4. Technology integration with Corporates� ERP and use of Mynd Portal for seamless flow of Invoice information across the Corporate, Dealer, Mynd and the Lender

HOW DOES INVOICE DISCOUNTING WORK?

Dealer Finance09 May, 2023Finance

The process of invoice discounting is quite simple. A business entity (seller) sells some goods to another business entity (buyer) and raises an invoice against it. Once the buyer approves, the seller sends the invoice to the financial institution for raising funds. The lending institution verifies the invoices at their end and issues a certain percentage of the invoice?s face value (usually 80%) as per the terms agreed. The invoice amount is collected on maturity by the business entity or the lending institution as per the agreement terms. When the buyer makes a payment against the invoice to the lending institution, it deducts its service fee and returns the remaining amount to the seller.

MYND Fintech: Hassle-Free Invoice Financing

Dealer Finance25 Apr, 2023Finance

Invoice financing is an excellent way to improve your business cash flow without taking on additional debt. MYND Fintech offers hassle-free invoice financing solutions that enable you to turn your outstanding invoices into immediate cash. Our invoice financing services are designed to help businesses manage their cash flow more effectively by providing them with the funds they need to meet their short-term financial obligations. With MYND Fintech, you can enjoy a simple and straightforward invoice financing process that will give you the peace of mind you need to focus on growing your business.