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Disclosed debtor finance

BB Disclosed debtor finance Product detail banner

Give your growing business access to working capital ahead of customer payments.

 

 

 

Some of the benefits

30 to 365 days

Repay the money you’ve been advanced within a month to a year at maturity

Liquidity

Pay for the goods you need now and pay us back when your cash flow allows

Reliability

We rate new debtors to make sure they’re in sound financial standing

Cash

Get the balance of cash owed, once a debtor pays in full
How it works
  • We take cession of your debtors book
  • We loan you a percentage of the value of the debts in cash
  • We retain the balance to cover disputed invoices, defaults and returns
  • New debtors are rated and included in funding once they're found to be of sound financial standing
  • Debtor collections are deposited into an account we control
  • We pay the balance once a debtor pays in full
Exclusions
  • Sole proprietors and sales to private individuals
  • Sales with payment terms of under 14 days
  • Sales and payments on a progress or retention basis
  • IT software and licensing transactions
  • Sales on a consignment or return basis, or made as an agent or via agency arrangement
What it costs
  • You’re charged an admin fee based on a percentage of the gross value of the invoices
  • You only pay interest on the loan amount
  • Interest rates depend on your risk profile
  • Interest is paid monthly, based on the daily outstanding balance
When you apply
  • We look at your debtors book for quality, mix and repeat orders
  • Our Credit Division assesses your application
  • Your account executive makes you a principle offer
  • We audit, review and compile a report on your accounts
  • If everything’s in order, we put a 12-month agreement in place
  • There’s a three-month notice period
How to get it

If you already have a Business Current Account

You must be solvent and profitable to apply, with R 2m turnover a month, credit terms no more than 120 days, and few or no trade-related disputes.

  • How it works
  • Exclusions
  • What it costs
  • When you apply
  • How to get it
  • We take cession of your debtors book
  • We loan you a percentage of the value of the debts in cash
  • We retain the balance to cover disputed invoices, defaults and returns
  • New debtors are rated and included in funding once they're found to be of sound financial standing
  • Debtor collections are deposited into an account we control
  • We pay the balance once a debtor pays in full
  • Sole proprietors and sales to private individuals
  • Sales with payment terms of under 14 days
  • Sales and payments on a progress or retention basis
  • IT software and licensing transactions
  • Sales on a consignment or return basis, or made as an agent or via agency arrangement
  • You’re charged an admin fee based on a percentage of the gross value of the invoices
  • You only pay interest on the loan amount
  • Interest rates depend on your risk profile
  • Interest is paid monthly, based on the daily outstanding balance
  • We look at your debtors book for quality, mix and repeat orders
  • Our Credit Division assesses your application
  • Your account executive makes you a principle offer
  • We audit, review and compile a report on your accounts
  • If everything’s in order, we put a 12-month agreement in place
  • There’s a three-month notice period

If you already have a Business Current Account

You must be solvent and profitable to apply, with R 2m turnover a month, credit terms no more than 120 days, and few or no trade-related disputes.

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