This facility enables clients to be able to get funding from the bank on the back of an invoice that has been issued to an employer for services performed or goods supplied. The facility would then be paid-off once the employer processes the payment.
Features
- Invoice discounted up to 80%.
- Commission amount flat monthly rate.
- Repayment period 90 days.
- Security: Deed of cession by issuer (Beneficiary to pay directly to BancABC).
- Condition: open settlement account in name of Customer and offset the outstanding invoice finance directly from settlement account.
- Invoices for pre-approved clients only
- Operating active Business transaction account with BancABC.
Requirements
For more information to help us to assist you, please contact your Relationship Manager or email us at botswanasmebanking@accessbankplc.com
