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Cim Factoring
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Improve your cash flow with factoring
Faisons de chaque moment
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le bon moment pour
progresser!
Faisons de chaque moment
Mo lavi sanze avek Cim
Episode 2: Factoring
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Factoring

Do not let cash-flow issues slow down your growth!

Cim Finance has always been the key partner of small and medium-sized companies (SMEs). With the reintroduction in the 2019-2020 budgets of the SME Factoring Scheme, Cim Finance provides you with solutions that help you access the cash needed to support your business growth and save on administrative expenses. 

Factoring is an efficient solution to boost the cash-flow of your company. You can improve your cash flow without having to wait for long payment periods, giving you the opportunity to focus on increasing sales and enhancing the relationship with your customers.

Cim Finance offers you a complete sales ledger administration and protection against debt insolvency. Time gained on managing clients' accounts allows you to focus on your business and save on staff costs.

 

Download the SME FACTORING SCHEME brochure

SME FACTORING SCHEME 

Factoring benefits

Cash /Trésorerie

Cash

Cash consolidated with the financing of up to 90% of the amount of an invoice.

Interest rate /Taux d’intérêt

Interest rate

A competitive interest rate of 2.9% for beneficiary clients

Factoring charges /Frais de factoring

Factoring charges

Factoring charges not exceeding 1,5% of the invoice amount, with a 50% subsidy from the Investment Support Program for beneficiary clients

Signature charges /Frais de signature

Signature charges

One-time signature charges

No floating charge /Pas de charge flottante

No floating charge

No floating charge or additional security 

Team /Équipe

Team

A dedicated professional team for debt recovery

  • Chetanlal Lutchman

    He made his dream come true! Chetanlal Lutchman always dreamt of taking over his father's plantation. His dream was to transform it into a modern hydroponic greenhouse. Thanks to Cim Finance's Factoring services, Chetanlal made this dream a reality. He gives us a glimpse of this beautiful adventure that changed his life! #molavisanzeavekcim

Relevant documents

Business Registration Card

Business Registration Card

Operating license /Permis d'opération

Valid operation licence

VAT Certificate /Certificat de TVA

VAT Certificate

Proof of business address /Preuve d'adresse de l'entreprise

Proof of address of the business

Certificate of Incorporation /Certificat d'incorporation

Certificate of Incorporation

Bank statements /Relevés bancaires

Bank statements for the last 6 months

Audited reports /Bilans audités

Audited accounts for last 3 years  

List of debtors /Liste des débiteurs

List of debtors

Consent

Consent of Directors or Memorandum & Articles of Association

ID card /Cartes d'identité

Copies of identity cards and recent address of directors

Credit purchase

Shopping has never been so convenient

Fill in the information below and simulate your repayment capacity

Finance Amount (Rs)
Interest (%)
Repayment term
Part payment

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6 months

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

You are taking a lease

Leasing:
Price:
Age of Vehicle:
Period:
Down payment:

Monthly rental(Rs)

Finance amount (Rs)

Residual value

Repayment term (month)

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Cim Voyage

How about taking a vacation with your family and friends to explore other shores?

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Part payment
0.00
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.

Credit Facility

The solution to your immediate need for a credit facility!

Fill in the information below and simulate your repayment capacity

Finance Amount(Rs)
Interest (%)
Repayment term

Capital repayment

Interest paid

INFORMATION SUMMARY
Monthly instalment
Rs 1,745.10
Finance Amount
Rs 10,000
Interest paid
0
Repayment term
6

Please note that:

  • Insurance not included.
  • Calculation results are approximations and for information purposes only.
  • Quoted rates are not considered as guaranteed rates and repayments will be based on your personal circumstances, Credit facility amount and term.
  • All requests for credit facilities are subject to standard credit approval.
  • The calculations assume that all payments are made when due.