Low on cash? Use unpaid invoices to access instant funds

To facilitate early payment for invoices, UpScale serves as a marketplace or platform where business owners can sell them. Get funding against your purchase orders to meet your company's working capital requirements. This simple invoicing system will immediately improve your company's cash flow.

The application is handled entirely online, and you will have a personal relationship manager to help you every step of the way. With minimal paperwork, the funds can be transferred in as little as 2 days. Early settlement of all approved invoices at a fixed discount rate is available without collateral and with simple, once-off KYC documentation.

Only GST-registered businesses for at least 1-year-old can apply for Invoice Discounting. The buyer of the invoice should be a PVT ltd., public ltd., or LLP. Moreover, the buyer should be 10% of the seller's business. The company's annual turnover must be at least Rs. 80 lakhs. Business/proprietors should not have any delays in any previous loan/EMI repayment. The business must be tied to an anchor (private or public ltd. company only and needs to have an annual turnover of Rs. 100 Cr.)

The maximum amount that can be sanctioned for your invoices is entirely at the discretion of the business. Business needs and qualifications under UpScale criteria will determine the limit.

UpScale's Invoice Discounting service is a non-standard method of financing. Why? Because it can be obtained by borrowing against unpaid bills. This has no bearing on the financial statements.

Invoice Discounting can be a quick way to get cash, but it all depends on your lender. UpScale provides access to funds within 24 to 48 hours.

Invoice Discounting enables businesses to obtain credits up to a predetermined proportion of the total value of their outstanding invoices. That guarantees a constant flow of operating money.