Our invoice factoring product has been designed to enable cashflow to your business based on outstanding invoices, thus it does not add to your liabilities as loan in balance sheet. Invoice factoring enables you to realize the cash and eliminate your waiting period of 30 - 90 days to get payment for services/goods delivered and there’s no monthly loan payment.
The turnaround time to access financing through our invoice factoring product is as low as 2 weeks. The processes of approval for invoice factoring products has been designed to enable clearance anywhere between 7-10 days and once your invoices are approved, funds are usually provided with 24-48 hours.
Business owners have the choice to present the invoices they would like to factor and to select the frequency at which they would like to factor an invoice. Our invoice factoring products does not call for any long-term contracts. The invoice factoring products come with very factoring rates, with fees as low as 1.5%.