9routes

| Free GST Invoice Generator, Credit checklist and financing

Please fill in your company’s name
  • Please fill in your client’s name or their company name
  • Place Of Supply:
 
200.00
240.00
 Register

Check your Loan eligibility
Finance checklist.

Update your Invoice/Purchase Order details below and get financed in few minutes


✓ Enter Company Details

✓ Enter Your GST No

✓ Enter Buyers's GST No

✓ Add Item.


Are you looking for working capital for your Business ?
But dont understand how to approach Banks ? .. Try 9throute credit report and let 9thRoute help you get the Maximum credit without any Collaterals

Billing, Invoice App & Financing Start Creating Now!

Register Now and avail such great features on 9thRoute.com


✓ Finance your Invoices & Purchases

✓ Create GST Ready Invoices

✓ Manage UPI Payment

✓ Set Reminder

✓ Download GST Ready Report

Check your Loan eligibility
Finance checklist.

Update your Invoice/Purchase Order details below and get financed in few minutes


✓ Enter Company Details

✓ Enter Your GST No

✓ Enter Buyers's GST No

✓ Add Item.


Are you looking for working capital for your Business ?
But dont understand how to approach Banks ? .. Try 9throute credit report and let 9thRoute help you get the Maximum credit without any Collaterals

Frequently Asked Questions

Does 9thRoute provide Finance/Loan? Tell me more

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.

What is Invoice Discounting, Should I use it ? which companies like Kredx, CapitalFloat, DripCapital provide.

Loan is always better than Invoice Financing or Discounting
Why?
Less Control
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.
The Cost
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.
Exiting Arrangements
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.
Customer Relations
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.

What is a tax invoice?

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.

What is a bill of supply?

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.

Why do I need financing or business loan?

MSME's need capital to either grow or fulfil their order commitments, this is where they need access to financing

What are the different types of financing or loan products?

In India, both banks and non-banking financial companies (NBFCs) provide different types of loan products to the small and medium enterprises (SME). Some of these loan products are collateral-free, whereas others require the borrower to pledge his personal or business assets as collateral. Likewise, some of these loan products require the borrower to pay equated monthly installments (EMIs), whereas others allow borrowers to choose from multiple repayment options. At the same time, the new age business loan products even enable SME owners to fund working capital needs by converting current assets into liquid assets. That is why; it becomes essential for entrepreneurs to understand and compare different types of SME loans in India. Typically they are 1. Term loans 2. Cash credit facility 3. Bank guarantee 4. Asset-Based Business Loans 5. Bill/Invoice Discounting 6. Point of Sale Finance 7. Pradhan Mantri MUDRA Yojana (PMMY)