Order Finance
Order finance is a form of short-term borrowing often used to improve a company’s working capital and cash flow when they have orders to execute. It allows a business (SME) to draw money against a confirmed purchase order from its customer (off taker). To do this, the business borrows a percentage of the value of the purchase order from KPV Financial Services Limited. The amount borrowed is usually sufficient to enable the client acquire goods and services and satisfy the order. Below is the check list:
Requirements
- Certificates Incorporation (PACRA)
- Articles of Association
- Director’s IDs, Passport photos
- Collatera
- Escrow Account (Alternative to providing collateral)
- 6 months Bank Statement
- Latest Computer Printout Application Letter and Board Resolution (Headed Paper)
- Tax Clearance Certificate
- Purchase Order