+960 331 5605

info@mflc.com.mv

H. Filigasdhoshuge, 4th Fl, Ameer Ahmed Magu

Debt Factoring

Debt factoring product is the most recent addition to our product portfolio. Debt factoring is a source of working capital finance especially for the organizations that carry out business on credit terms (SME and Corporates). The product will help to meet the needs of short term cash flow requirements of such businesses. The product is very much similar to an overdraft facility. A working capital solution that allows businesses to get advances on cash which are due from customers, rather than waiting for those customers to pay. At present, MFLC offers factoring with recourse only.

This product is designed for :

  • Businesses that have large volumes of business-to-business sales on credit
  • Businesses that provides services under fixed, pre-approved contracts
  • Businesses having large portfolio of debtors/postdated cheques

The terms offered are flexible and negotiable.