Invoice Discounting
Invoice Discounting is a form of short-term borrowing often used to improve a company’s working capital and cash flow. It is a facility we offer against confirmed invoices that our client has issued to their client (off taker). This facility provides you with instant access to cash tied up in your outstanding invoices and allows your business to draw money against its sales invoices (accounts receivables) before you are actually paid as a business. We will gladly discount your invoices here at KPV Financial Services.
Requirements
- Certificate of Incorporation (PACRA)
- Articles of Association
- Directors and Company Secretary ID, Passport photos
- Computer Print out
- Application Letter and Board Resolution (Headed Paper)
- 6 Months Bank Statement
- Tax Clearance Certificate
- Escrow Account
- Confirmation of Pay point
- Collateral