LENDING

Invoice Discounting is a confidential facility designed to accelerate the working capital of a business.
Essentially, it is an 'overdraft' secured by a company’s debtors’ ledger.

Far more flexible than an overdraft, the facility caters for growth in the trading activities of the business, and for the fact that it is continually unlocking the value created by increased sales to a quality customer base.
Invoice Discounting is managed by an experienced team using world-class software systems and is ideal for growing companies in the corporate sector.
The service provides advances of up to 80% in cash against invoices that would normally take between 30 to 120 days to be paid, releasing capital that would ordinarily remain tied up in the debtors’ ledger. The 20% balance is paid once debtors settle their accounts.
Individual deal pricing is highly competitive in relation to bank overdraft rates.

Transactions between the bank and its clients take place via a secure internet portal, making the entire process very user friendly and virtually paperless.