This product allows businesses to get advances on cash due to them from clients, rather than waiting for those customers to pay. Long remittance terms can cause a business to lose out on opportunities and growth possibilities due to the lack of cash flow. Invoice discounting releases these funds and allows the business to utilise the cash to expand.
Invoice discounting is also effective for clients that have sporadic cash flow gaps during the year and would prefer to have a dynamic product that can be utilised when needed.
The product is aimed at clients with one or more large debtors, which are either blue chip companies or qualify for credit insurance.
This product is available in South Africa and Namibia.
DO I QUALIFY?
Find out if you qualify to apply for finance.