# Receivables Exchange business loans

> Receivables Exchange is on Recur Club's lender panel, writing domestic factoring, export financing, import factoring.

Source: https://www.recurclub.com/lenders/receivables-exchange
Last updated: 2026-10-20

Also offered, with no terms observed yet: Domestic Factoring, Export Financing, Import Factoring.

## Eligibility

### Screening gates and observed behaviour

- 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) · 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

## Sanctioned terms (from 1 real sanction letter)

### Typical covenants: - Periodic reporting / MIS obligation — 100% of letters

- Periodic reporting / MIS obligation — 100% of letters

## Common questions

### 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.

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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.