Cash flow is a non-substitutable requirement for the survival and efficient running of any business. SMEs especially need to have the guarantee of cash flow available for the sustained running of business operations. Our Invoice Discounting solution makes it possible for you to withdraw money against sales invoices before payments are done, hence an improved cash flow position.
What is Invoice Discounting?
- Flexible security
- Convenience of payment
- Access to instant cash
- Instant disbursement upon verification
- The loan size is a maximum of 80% of the invoice
- Bank with Faulu for 3 months
- Invoice not to exceed 3 months average turnover
- Well established companies / prequalified companies
- No grace period will be provided
- It takes 24 hours to process your application
- Commitment by the creditor to make payment through Faulu
- Conventional security
Invoice Discounting is suitable for Retail Bulk Suppliers – e.g. Tuskys, Naivas, transporters, oil companies, whole-sellers, manufacturing concerns cement suppliers, raw material suppliers.