Invoice Discounting
Invoice discounting is a short term working capital facility granted to finance receivables.
Key Features and Benefits
- Ability to structure loan to the specific business cycle
- You do not have to wait for several months to receive payment from debtor before you can place order for more goods
- We finance up to 70% of the invoice raised on a reputable company and accepted by the company
- It is required that receivables due from the invoices are assigned to the bank
Requirements
- Business registration documents
- Bank statement from other banks
- Financial statement and cash flows
- Collateral may be required
- Favorable credit Bureau report
- Other requirements / documents may be requested subject to specific borrower conditions