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Non-disclosed debtor finance

Access a portion of the money you’ve invoiced in advance, without your debtors knowing about your lending arrangement. 

Non-disclosed debtor finance

Access a portion of the money you’ve invoiced in advance, without your debtors knowing about your lending arrangement. 

 

 

Some of the benefits

Control


We review your admin controls, but you still manage your debtors

Single invoices


Take profit up-front on a large, single invoice by borrowing a portion of it

Discretion

Your customers still pay you directly, unaware of your lending arrangement

Cash now


Get an advance on the money you’re owed but can’t wait for
How it works
  • We buy 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
  • We pay the balance once your debtors pay their outstanding invoices
  • You manage your own debtors, who continue to make payments into your account
  • We review your internal administrative controls and procedures regularly
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 a flat monthly service fee
  • 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 for two years to apply, with good financial controls and accounting software, and few or no trade-related disputes.

  • How it works
  • Exclusions
  • What it costs
  • When you apply
  • How to get it
  • We buy 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
  • We pay the balance once your debtors pay their outstanding invoices
  • You manage your own debtors, who continue to make payments into your account
  • We review your internal administrative controls and procedures regularly
  • 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 a flat monthly service fee
  • 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 for two years to apply, with good financial controls and accounting software, and few or no trade-related disputes.

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Understanding your risk profile
Environmental
Environmental

Risk that mostly refers to the industry in which you plan to set up your business and your customers.

Financial
Financial

Risk that’s determined by the financial state of your business, and the security that you’re able to offer.

Management
Management

Risk that takes into account the skills, commitment and abilities of the owners and management of your business.

What you need to apply
What you need to apply

Knowing up-front the information we need from you will help your application process run as smoothly as possible.

Environmental

Risk that mostly refers to the industry in which you plan to set up your business and your customers.

Financial

Risk that’s determined by the financial state of your business, and the security that you’re able to offer.

Management

Risk that takes into account the skills, commitment and abilities of the owners and management of your business.

What you need to apply

Knowing up-front the information we need from you will help your application process run as smoothly as possible.

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