DEBTOR FINANCE
Discounting of a valid invoice, that is due and payable on a future date, providing accelerated cash flow against a valid invoice.
Benefits:
Accelerated cash flow
Enables the client to offer customers longer terms to secure more business
Secure discounts
The limit is larger than the conventional overdraft facility
Debtor finance may include administration of debtor’s book
Criteria:
Minimum facility value: R1 million
Minimum turnover per annum: R10 million
Must be in business for at least 3 years
Invoice must be linked to a POD/Waybill and must be signed
Debtor’s terms not shorter than 30 days and not longer than 90 days