Empowering Manufacturers with Better Credit Solutions

At Source.One, our mission has always been to simplify the lives of manufacturers. As Bharat progresses towards self-reliance with the Atma-Nirbharta initiative, we, as India’s leading petrochemical distribution company, are excited to introduce one of the strong pillars of our growth : The Credit System.Before diving into the specifics of this much needed facility, it is imperative to grasp the fundamentals of credit facilities. Simply put, a credit facility is a financial arrangement that provides a borrower with access to funds up to a specified limit. This financial lifeline empowers businesses to navigate cash flow challenges, seize growth opportunities, and invest in critical aspects of their operations.At Source.One, our commitment to transparency and simplicity permeates every transaction. Through our technologically advanced, fully automated system, procuring petrochemicals becomes effortless. You can secure the best rates without concerns about transportation, damages, or quality. Our Credit System further facilitates business growth and investment, making petrochemical procurement easier than ever before.

Benefits of the Credit System 

1. Explore New Markets –
   A robust credit facility enables businesses to explore and diversify into new markets globally, enhancing resilience and revenue streams. Credit supports vital aspects like advertising, distribution setup, and market analysis, critical for successful market entry and diversification.

2. Tackle Seasonal Changes –
   Strong credit facilities prove invaluable in mitigating the impact of seasonal fluctuations for manufacturers, providing financial flexibility to produce goods tailored to upcoming seasons, leading to substantial profit increases.

3. Expand and Innovate –
   Credit plays a pivotal role in supporting business expansion and product innovation, laying the foundation for future sales success and ensuring competitiveness in the market.

4. Supply Chain Optimisation –
   In businesses focused on supply chain optimization for bulk production at favorable rates and increased margins, credit facilities play a crucial role, driving outstanding growth through this strategic approach.

A Gap in the System

A recent Forbes Business report sheds light on a remarkable statistic: a staggering 96% of India’s industrial landscape comprises Small and Medium Enterprises (SMEs). This revelation is both startling and compelling, emphasizing the significance of SMEs in the nation’s economy.Despite the monumental presence of the State Bank of India, a giant in the banking sector, its audited disbursement to the SME sector amounted to a meager Rs. 3.6 lak crores in the fiscal year 2023. This figure, compared to its total advances of Rs. 32.7 lakh crores, represents a mere 11% contribution. This trend is also reflected in the financial statements of other prominent nationalized banks, both private and public, such as Punjab National Bank (PNB) and HDFC Bank.
Understanding this gap, Source.One has pledged to enhance SME growth through credit facilitation. Source.One has been at the forefront of this service. Since 2021, 700+ buyers, who are manufacturers of various scales, have taken advantage of our Credit Facility. The total value of this credit line extended is more than Rs 450 Cr and counting.

Availing Credit Facility With Source.One 

Never taken credit before? Don’t worry! Source.One has got your back. Just register with us on India’s only Polymer Trading Application (http://app.source.one) or speak to us directly at +91 9614063333 and we will guide you on the entire process.

To Conclude

The link between credit facilities and the polymer industry emphasizes the crucial role financial tools play in shaping businesses’ paths. These facilities provide liquidity, working capital, and support innovation and sustainability. As the industry progresses, manufacturers must navigate credit wisely. By doing so, they can overcome challenges and establish themselves as industry leaders. Source.One is dedicated to aiding your growth and remains your steadfast partner in polymers.