Invoice Lending

Currently, Chemical Manufacturing Enterprises facing complicated cash flow processing causing purchase delay of essential supplies for manufacturing. This delay affects the productivity and delivery of their goods on time.

Blockchain could solve this crisis, by building a Invoice financing platform where the Chemical manufacturers could provide invoices for the supply order which could be used by the suppliers to fast track bank loans. Suppliers, Banks can lend the money based on the invoice date where they would be able to get the loan amounts returned directly from the manufacturers.

Invoice factoring in five steps