FOR YOU WHO SELL ON CREDIT TERMS
We, FACTORING BUSINESS UNIT offer you advance payments ranging from 70% up to 90%, against your credit invoice or dated cheque. You have the flexibility to obtain these services from any of our branches located island wide.
WHAT WE OFFER
- Working capital solutions – immediate cash against future receivables.
- Receivable management – manage and administer your debtor’s ledger and collection of your receivables/debts.
- Online system (INFINITY) – view your account to manage your cashflows.
- Relationship Manager to service each account – a team capable of providing customized service with free reference on new debtors.
OUR PRODUCTS
Recourse Factoring
We pay you immediate cash on your credit invoices and collect dues from your debtors collateral free.
Invoice Discounting along with dated cheque
Discount your debtor’s invoice along with their cheque and obtain immediate cash up to 80% of the invoice/cheque value.
Debtor Cheque Discounting
Discount your debtor’s post- dated cheque and obtain immediate payment up to 80% of the cheque value. Be free of the hassle of post – dated cheque management. We do it for you.
Client Cheque Discounting
Discount your company cheque to obtain an advance payment to clear your imports and purchase your raw materials on time, availing a more flexible service to suit your funding requirements whenever you need.
Factoring Business Unit of LOLC Finance PLC formerly known as Commercial Factors, was established in 1994. Over a period of 30 years, Commercial Factors developed an unparalleled expertise in factoring operations in Sri Lanka, becoming one of the most reputed working capital and receivable management service providers in the country.
Our expertise lies with designing working capital facilities, specifically to support the needs of the emerging SME sector. We are happy to announce that our factoring services have created a highly effective source of working capital financing for the SME sector, contributing towards SME financial sustainability and growth.
