Receivables Exchange business loans
Receivables Exchange is on Recur Club's lender panel, writing domestic factoring, export financing, import factoring.
- ✓We check your fit against every lender on the panel, not just this one
The screen your file has to clear
What is checked before anything else, and applies to every product below.
- Borrower: CIBIL ≥650
- age ≥2y
- pan-India
- sector-agnostic (50 sectors — full list in data JSON)
- Private Limited, Public
- Financials: runway ≥6mo (import factoring only)
16 more ▾ ▴
- rev ≥₹50cr (import factoring)
- rev ≥₹150cr (export financing)
- TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4
- debt/networth ≤4
- DSCR ≥1
- Deal: rate 7–14%
- ticket ₹4–150cr
- tenure 3–12mo
- Security (observed): No Security (100%)
- Personal Guarantee Of Promoters / Directors / Property Owner (100%)
- FD margin 10–15% (100%)
- Security asked in : Personal Guarantee Of Promoters / Directors / Property Owner (×1), FD margin 5–10% (×1), 1st/pari-passu charge on current assets (×1), Movable Fixed Assets/Plant & Machinery - Pari Passu First Charge (×1)
- Security asked in 2026: No Security (×3), Personal Guarantee Of Promoters / Directors / Property Owner (×3), FD margin 10–15% (×3), Escrow Of Cashflows (×1)
- share → in-principle approval (initial interest): ≈15d
- in-principle approval → sanction (underwriting): ≈61d
What Receivables Exchange lends, and on what terms
What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.
| Product | Ticket | Pricing | Tenure |
|---|
Also offered, with no terms observed yet: Domestic Factoring, Export Financing, Import Factoring.
What a sanction from Receivables Exchange actually looks like
Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 1 sanction letters carrying the clause.
What borrowers ask about Receivables Exchange
- What does Receivables Exchange lend?
- Receivables Exchange writes domestic factoring, export financing, import factoring.
- What are Receivables Exchange's eligibility criteria?
- The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.
- What security does Receivables Exchange ask for?
- Observed across sanctions: No Security (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · FD margin 10–15% (100%).
- How do I apply to Receivables Exchange?
- You do not apply to Receivables Exchange directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Receivables Exchange's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.
- Is Receivables Exchange the right lender for my business?
- It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Receivables Exchange screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.
Next steps after Receivables Exchange
Answer a short set of questions and see which lenders on the panel your file clears, on each one's own recorded criteria.
Search the panel by name, product or ticket size, and compare credit boxes side by side.
Registry identity, GST status, charges and ratings for any Indian company, including your own.
The underwriting platform these credit boxes come from. Built for lenders and credit teams.
Founder stories from the companies building in India, from the team behind Recur Club.
See whether Receivables Exchange is the right lender for you
A few questions. Recur Market scores you against Receivables Exchange and the rest of the panel, on each lender's own recorded criteria.
Check my matchLast updated
Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Receivables Exchange's current policy. Terms are set by the lender at the time of sanction.