We are a leading Nigerian financial services company that specializes in providing Invoice Discounting financing options to businesses of all sizes. With our competitive rates, flexible repayment terms, and efficient loan processing system, we are dedicated to helping you meet your business needs.
Invoice Discounting Benefits
- Access the cash flow
- Tailored to specific business needs.
- Reduced Reliance on Traditional borrowing
Case Study
Uphold Corporation submitted their outstanding invoices to us through our online platform. Our team reviewed the invoices and quickly approved their request for Invoice Discounting. They were offered a competitive advance rate and repayment terms that suited their business requirements.
With the Invoice Discounting facility, Uphold Corporation received an immediate cash advance based on the value of their outstanding invoices. This helped them bridge the cash flow gap and continue their operations smoothly. As their customers made the invoice payments, the funds were directed to us to settle the advance and any applicable fees.
With her loan approval, Mrs. Adeola was able to purchase the goods needed to fulfill the purchase order. She was able to make affordable monthly repayments on her loan while continuing to grow her business.
Our Invoice Discounting service is designed to provide you with the financial support you need to optimize your cash flow. Whether you have outstanding invoices that need early payment or require funds for ongoing business operations, we are here to help you manage your finances effectively.
We offer flexible repayment terms to suit your business needs. You can choose to repay the advanced funds as your customers make the invoice payments. Our competitive rates ensure that you can access the funds you need at a cost-effective rate.
Frequently Asked Questions
Fundsworth Invoice Discounting FAQ
We have compiled a list of frequently asked questions to provide you with answers to some of the most common inquiries about our Invoice Discount service.
What is Invoice Discounting?
Invoice Discounting is a loan facility that allows businesses to receive early payment on their outstanding invoices from customers. It provides access to the cash flow needed to fund operations and growth without waiting for customers to pay.
How does Invoice Discounting work?
With Invoice Discounting, you submit your outstanding invoices to us, and we provide you with an immediate cash advance based on the invoice value. When your customers make the payments, the funds are directed to us to settle the advance and any applicable fees.
What are the benefits of Invoice Discounting?
Invoice Discounting allows you to improve cash flow by accessing funds tied up in outstanding invoices. It helps you meet financial obligations, seize growth opportunities, and reduces the need for traditional borrowing.
Can I choose which invoices to discount?
Yes, you can select the invoices you want to discount. You have the flexibility to choose based on your cash flow needs.
Are there any restrictions on the size or age of invoices for Invoice Discounting?
We generally accept invoices that are within a certain age range, typically up to 90 days old. However, specific criteria may vary depending on the circumstances and our evaluation.
How much can I receive through Invoice Discounting?
The amount you can receive through Invoice Discounting is based on the value of your outstanding invoices. Typically, you can receive up to a certain percentage of the invoice value.
What happens if the customer does not pay the invoice?
In case of non-payment by the customer, you would be responsible for repaying the advance according to the agreed terms. However, we understand that such situations can occur, and we will work with you to explore possible solutions and mitigate any potential risks. Our team will provide guidance and support to help you navigate through such circumstances and minimize any negative impact on your business.
If you have any further questions about our Invoice Discount service, please feel free to contact us. We are always here to help you achieve your business goals.
