Debtor Finance

Debtor Finance is a fast and flexible solution to improve your cash flow. We will advance a portion of the funds owed to you by your clients on invoices due. All you need is a valid invoice and proof of delivery for the work done.

Disclosed Debtor Finance

Access debtor funds before your invoices are paid through your Disclosed Debtor Finance solution.

Non-Disclosed Debtor Finance

Keep your Debtor Finance solution confidential from any third party, while still enjoying all of the benefits.

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How to apply

  • Already have a Business Current Account? Contact your account executive.
  • Complete the form below and a consultant will call you back.

  • Disclosed Debtor Finance

    Convert unpaid sales invoices into immediate cash

    Disclosed Debtor Finance provides upfront cash on a portion of client invoices not yet due for payment.  Ideal for start-up and growing businesses that require access to working capital and do not have the collateral to obtain overdraft facilities.

    Disclosed Debtor Finance would be suitable for your business if:

    • You need immediate access to funds before your customer invoice payments are due
    • You need funding to help your business grow your business
    • Your minimum turnover is at least R 2 000 000 per month
    • Your business is solvent and profitable
    • You have a good quality debtors’ book

     

    Did You Know?

    We rate your present and new debtors to establish their credit-worthiness, providing you with a good indication of which customers to offer credit terms to and which to place on COD terms.

    Features And Benefits

    • We loan you a percentage of the value of approved financeable debts in cash
    • We pay the balance when your debtors pay their outstanding invoices
    • Debtor collections are deposited directly into a secure account that we control
    • Receive management and credit control information every day, week or month
    • You are charged an administration fee based on a percentage of the gross value of the invoices
    • Interest is charged on the loan amount

     

    How To Apply

    • Already have a Business Current Account? Contact your account executive.
    • Complete the form below and a consultant will call you back.

     

    Value-added solution: Single Debtor Discounting

    Take profit upfront on a large single invoice

    We loan you a percentage of the value of the sales invoices for a single debtor. When the invoices are paid, we transfer the balance to you and close the Debtor Finance facility.


    FAQs

    What Is The Application Process?

    • As an existing customer you have access to an account executive as a single point of contact
    • Your account executive will introduce you to a specialist who will come to your premises to gain a better understanding of your debtors’ book and credit terms
    • Your application will then be assessed by the Credit Division
    • Once approved by the Credit Division, your account executive will present you with a principle offer
    • A review team will audit your accounts and review your accounting processes, which they will compile into an audit report
    • If your debtors’ book and account are in order, a 12-month agreement will be put in place, continuing on a three-month notice period thereafter. All debtor finance is controlled by this agreement, and we are both (bank and client) subject to its terms and conditions

     

    What Is Excluded From Debtor Financing?

    • Sales and payments on a progress or retention basis, for example in the building and construction industry
    • Sales to private individuals
    • Sales with payment terms of under 14 days
    • Information technology software and licensing transactions
    • Sales on a consignment or return basis
    • Sales made as an agent or through an agency arrangement

     

    Will I Receive Statements?

    We provide you with an electronic debtors’ administration and collection service that includes:

    • Sending out monthly statements
    • Collecting payments
    • Performing debtor reconciliations
    • Investigating present and future debtors to establish their creditworthiness and trade limits
  • Non-Disclosed Debtor Finance

    Keeping your Debtor Finance solution confidential

    With Non-Disclosed Debtor Finance your Debtor Finance solution stays confidential from any third party.

    Non-Disclosed Debtor Finance would be suitable for your business if:

    • Your business is solvent
    • You have at least two years of profitable trading
    • Your business has good financial controls and a software-based accounting package
    • You keep a high standard of debtor administration and control
    • You have a good quality debtors’ book and debtor mix


    Did You Know?

    Debtor Finance can help improve your company’s cash flow by advancing funds on invoices owed to you for work done or services provided.

    Features And Benefits

    • We loan you a percentage of the value of the approved financeable debts in cash
    • We pay the balance when your debtors pay their outstanding invoices
    • You manage your own debtors, who continue to make payments directly into your account
    • We review your internal administrative controls and procedures regularly
    • We charge you a fixed monthly service fee, as well as interest on the loan amount.

     

    How To Apply

    • Already have a Business Current Account? Contact your account executive.
    • Complete the form below and a consultant will call you back.

     

    Value-Added Solution: Single Debtor Discounting

    Take profit upfront on a large single invoice

    We loan you a percentage of the value of the sales invoices for a single debtor. When the invoices are paid, we transfer the balance to you and close the Debtor Finance facility.

     

    FAQs

    What Is The Application Process?

    • As an existing customer you have access to an account executive as a single point of contact
    • Your account executive will introduce you to a specialist who will come to your premises to gain a better understanding of your debtors’ books and credit terms
    • Your application will then be assessed by the Credit Division
    • Once approved by the Credit Division, your account executive will present you with a principle offer
    • A review team will audit your accounts and review your accounting processes, which they will compile into an audit report
    • Should your debtors’ book and account be in order, a 12-month agreement will be put in place, continuing on a three-month notice period thereafter. All debtor finance is controlled by this agreement, and we are both (bank and client) subject to its terms and conditions.

     

    What Excluded From Debtor Financing?

    • Sales and payments on a progress or retention basis, for example in the building and construction industry
    • Sales to private individuals
    • Sales with payment terms of under 14 days
    • Information technology software and licensing transactions
    • Sales on a consignment or return basis
    • Sales made as an agent or through an agency arrangement

     

    Will I Receive Statements?

    We provide you with an electronic debtors’ administration and collection service that includes:

    • Sending out monthly statements
    • Collecting payments
    • Performing debtor reconciliations
    • Investigating present and future debtors to establish their creditworthiness and trade limits