Fast Funding
Receive up to 90% of your invoice value within 48 hours of verification and approval.
What is Bill Factoring?
The Fastest Way to Unlock Your Working Capital
Bill Factoring is a receivables finance solution where Ocean Global Logistics purchases your unpaid invoices at a small discount and immediately advances a large portion of the invoice value — typically within 48 hours.
For logistics companies operating on tight margins with long credit terms (30–120 days), waiting for invoice payments can create critical cash flow gaps that prevent business growth. Factoring eliminates this wait entirely.
Once we advance the funds, our professional collections team follows up with your debtors on your behalf. When the invoice is settled, we remit the remaining balance to you, minus our service fee — which is fully disclosed upfront.
You Issue Invoice
→ To your customer
Submit to OGL
→ Upload or email
Get 90% Advance
→ Within 48 hours
We Collect
→ From your debtor
Receive Balance
→ Minus our fee
Key Benefits
Why Choose OGL Bill Factoring?
No Collateral
Your invoices serve as security. No need to pledge property, equipment, or assets.
Full Collections Management
We follow up with your debtors professionally, protecting your business relationships.
Transparent Fees
Single, all-inclusive factoring fee disclosed upfront. No hidden charges.
Grow Your Pipeline
Accept larger orders without worrying about working capital constraints.
Revolving Facility
Draw on the facility as new invoices arise — continuous, flexible funding.
Real-World Scenario
The ₹50 Lakh Working Capital Squeeze
The Problem: A fast-growing Chennai-based freight forwarder secured a major contract to handle exports for an automotive parts manufacturer. They successfully delivered the shipment and raised an invoice for ₹50 Lakhs. However, the manufacturer's payment terms were 90 days. The forwarder needed cash immediately to pay shipping lines and customs duties for their next set of orders.
The OGL Solution: They submitted the ₹50 Lakh invoice to OGL. Within 48 hours, OGL advanced ₹45 Lakhs (90%). The forwarder used this cash to secure their next bookings without delay. After 90 days, the manufacturer paid OGL ₹50 Lakhs. OGL then remitted the remaining ₹5 Lakhs to the forwarder, minus a transparent Bill Factoring fee.
Is it right for you?
Eligibility & Requirements
Any registered Indian company engaged in B2B trade — including freight forwarders, clearing agents, shipping companies, logistics providers, and exporters — with outstanding invoices from creditworthy debtors.
Trade invoices, freight invoices, logistics service invoices, and export invoices. Invoices must be to verified business entities (not consumers) with typical credit terms of 30–120 days.
Business registration documents, GST certificate, last 12 months of bank statements, aging debtor list, and sample invoices. Our team provides a complete checklist upon enquiry.
Our factoring fee is a percentage of the invoice value, based on debtor credit quality, invoice tenure, and volume. Rates are competitive and disclosed fully upfront — typically 1.5% to 3.5% per invoice.
Initial eligibility assessment within 24 hours. First batch of invoices funded within 48 hours of full document submission and approval.