An “Anchor” is a manufacturer or supplier and has entered into an agreement with the lenders to leverage the opportunity of finance for itself and its channel partners in place of maintaining regular cash flows.
A “Spoke” is a stakeholder of supply chain i.e. buyer, supplier, dealer etc, without whom financial transaction can’t be fulfilled and has been recommended by the Anchor and approved by the lender.
Submit the required documents online i.e. KYC, Business and others to check your eligibility
All the documents are under review of the approval team, post which one can get an approval within 48 hours, if all requirements are met.
Within a span of few hours of approval, the loan is disbursed.