Get loan on your Melting Steel Scrap invoices and find your true potential
MSMEs need Microloans or Micro finance, which may be outside the formal banking channel so that they can meet their for growing their business, purchase of raw materials, Hire staff, purchase machinery , and get loan on Melting Steel Scrap goods and/or their gst invoices
Because we understand how Banks, NBFCs or Lenders make decision you should be aware of the potential of your product. For Example. The Melting Steel Scrap which has a HSN or HS Code 720410 has huge export potential
Market potential for your Melting Steel Scrap goods
- Import Share – 0.4% of Global import in United States of America (this is the share of imports for USA)
- Import Growth – -4% is the Import growth (Anything positive is a good sign)
- Export Potential – USD 120K This is the Future potential of this product.
So, all the Lenders be it Banks or NBFCS don’t have time to uncover your potential or understand the individual product category market potential
So, at 9thRoute.com, we help you with uncovering your TRUE product potential for your Melting Steel Scrap business and work with our lending partners to provide you with the best and the maximum loan which you can get.
Get loan on for your purchases, expansion, hiring and business growth
- Fast & Free Application ✅
- No Collaterals ✅
- Easy Repayment options ✅
- Loan required should be less than <25 lakhs ✅
So, We (9thRoute.com) have made it Easy for you to get quick access to Loan on your Receivables and Purchases, use our ready tool to Check your Credit Score, Get a customised Credit Report and your Market Potential and Apply for a loan
And, we Have helped 1900 small businesses like yours to Grow
Fill your requirements , and let 9throute.com handle Financing for you
What are you waiting for, receive your FREE Credit Score and Market potential
If you already have an Invoice (Any new, pending or previous Invoice), you can generate a GST Compliant Invoice here for Free
Get loan on your GST Compliant Invoices and Purchases
Time needed: 4 minutes.
Steps to apply for a loan on your Melting Steel Scrap GST Invoices
- Create Invoice
Enter your invoice details
- Check eligibility
Based upon your invoice details (Amount, City, GST) we provide you with the Best Financing option (Working capital finance, trade finance, etc)
- Enter details and check your product potential & apply for loan
9thRoute helps you get the best loan, interest rate based upon your business stage and growth potential
- GST Compliant Invoice – Inter state CGST/SGST/IGST Auto calculation
- Download PDF Invoice – Share, email
- And, loan on Melting Steel Scrap gst invoices, by filling th – Automatically
Frequently asked questions
9thRoute helps MSMEs get quicker access to finance with their partner Banks, and doesnt provide them finance directly. 9thRoute with its experience helping more than 1900 small businesses with access to loan. It helps MSMEs to understand their product potential in a much better way, along with other details, creates a Credit Report which helps Lenders make a informed choice. We work with our partner Banks, NBFC’s using digitized and AI based mechanism to make the whole process better, paperless and quick.
Loan is always better than Invoice Financing or Discounting
Once you sign up for an invoice factoring agreement, you lose a measure of control of your business. For example, the factor might not allow you to do business with a particular customer because of their poor credit history. Alternatively, you could just keep that customer’s account out of the factoring agreement.
The Stigma Factoring is sometimes associated with businesses that are struggling to manage their cash flow. Customers are aware of your factoring agreement; they are notified when the factor takes over and they pay the lender directly. This could impact your reputation.
Factors manage the credit control and collections process: this pushes the costs higher. Find out more about the costs of factoring.
Reduced Profit Margins
As with any type of finance, this is not free money. Your profit margins will take a hit as a result. Limited Borrowing Options When you enter into a factoring agreement, your debtor book is no longer available as security. This limits other potential sources of borrowing, such as a bank overdraft.
Risk of Funding Fluctuations
Factors disallow payments from those they deem to be ‘poor quality’ debtors. This may result in fluctuations in the lending amount.
If you want to end your factoring arrangement, you must repay the money that has been advanced but not yet paid by your customer. This may require some planning so it doesn’t result in a significant cash flow shortage.
Relationships with customers are often strengthened when you work with them directly. The presence of a factor could harm relations with customers who would prefer to pay you.
A tax invoice is the invoice created by a GST registered business owner when he sells taxable goods and services. Tax invoices are mandatory for claiming Input Tax Credit.
A bill of supply is an invoice generated by a GST registered business owner when he sells GST exempt goods or services, or when he is registered under the Composition Scheme.
MSME’s need capital to either grow or fulfil their order commitments, this is where they need access to financing