ALTERNATIVE FUNDING

Benefits

AlternativeFundingBenefitsMan
  • Quick solution to cash flow problems: Invoice Discounting releases cash that you’ve got locked in your customer invoices, shortening working capital cycles. Commercial loans can take weeks or even months, whereas Alternative Funding can be processed within approximately 10 business days.  
  • There’s no credit or collateral at stake: In most cases, you won’t need to use any of your assets as collateral as your loan is based on invoices that your customers will pay in the future. Invoice Discounting turns your accounts receivable (debtors journal) into liquid cash.
  • Invoice Discounting is completely confidential: Unlike Invoice Factoring, your customers won’t be aware of your loan and will never need to deal with a third party.
  • Allows more room for credit sales: You can improve your relationships and reputation with your customers, by allowing them a longer credit period (e.g. 60 days as opposed to cash on delivery) without your business suffering.
AlternativeFundingBenefitsMan

Benefits

  • Quick solution to cash flow problems: Invoice Discounting releases cash that you’ve got locked in your customer invoices, shortening working capital cycles. Commercial loans can take weeks or even months, whereas Alternative Funding can be processed within approximately 10 business days.  
  • There’s no credit or collateral at stake: In most cases, you won’t need to use any of your assets as collateral as your loan is based on invoices that your customers will pay in the future. Alternative Funding turns your accounts receivable (debtors journal) into liquid cash.
  • Invoice Discounting is completely confidential: Unlike Invoice Factoring, your customers won’t be aware of your loan and will never need to deal with a third party.
  • Allows more room for credit sales: You can improve your relationships and reputation with your customers, by allowing them a longer credit period (e.g. 60 days as opposed to cash on delivery) without your business suffering.

How it Works

  • Sell your uncollected invoices to us.
  • We dispense a percentage of the invoice value upfront, and we take our capital and fee once the invoices are paid.
  • The next invoices are then to be presented for Discounting, and the process repeats itself.

Frequently Asked Questions

What is Alternative Funding?

Alternative Funding is short-term financing, used to improve the working capital and cash flow position of your business. Businesses that have large corporates as customers typically have to wait 30-90 days for their invoices to be paid. Invoice Discounting enables you to sell your invoices at a discount and get paid immediately.​

How much does it cost?

The total cost of funding will be clearly presented before an invoice is discounted and will depend on the invoice value and expected payment date.

What happens if my customer doesn't pay the invoice?

Recourse is to you in the event of non-payment by the debtor.

How do I qualify?

Most businesses are suitable for a Cash Flow Funding Facility, as long as you have business to business sales on credit terms. Invoices to your customers must be for goods and services that have been delivered in full.​

Are my Alternative Funding costs fixed?

As you build up an invoice trading history with us and investors see a history of repayment from your debtors, your cost of funding may reduce over time.

Do you contact my customer?

Yes, we will verify whether the invoices were submitted to your client for payment.

Do I need to provide security?

Debtor Finance is secured primarily by your debtors’ ledger (accounts receivable).

What happens if an invoice is paid late?

If payment takes longer than anticipated, we still charge the agreed fee, however this shall be calculated pro rata for such particular month.

How do I sign up?

Fill out our simple our Online Application and get started.
Online Application

Can I use Alternative Funding?

Yes, if you are a South African registered business with customers that are large corporations or government bodies and you need working capital to grow your business.

How much funding does my business qualify for?

It depends on the size of the invoices.

Frequently Asked Questions

What is Alternative Funding?

Alternative Funding is short-term financing, used to improve the working capital and cash flow position of your business. Businesses that have large corporates as customers typically have to wait 30-90 days for their invoices to be paid. Invoice Discounting enables you to sell your invoices at a discount and get paid immediately.​

How do I qualify?

Most businesses are suitable for a Cash Flow Funding Facility, as long as you have business to business sales on credit terms. Invoices to your customers must be for goods and services that have been delivered in full.​

Do I need to provide security?
Debtor Finance is secured primarily by your debtors’ ledger (accounts receivable).

Can I use Alternative Funding?
Yes, if you are a South African registered business with customers that are large corporations or government bodies and you need working capital to grow your business.

How much does it cost?
The total cost of funding will be clearly presented before an invoice is discounted and will depend on the invoice value and expected payment date.

Are my Alternative Funding costs fixed?
As you build up an invoice trading history with us and investors see a history of repayment from your debtors, your cost of funding may reduce over time.

What happens if an invoice is paid late?
If payment takes longer than anticipated, we still charge the agreed fee, however this shall be calculated pro rata for such particular month.

12 How much funding does my business qualify for?
It depends on the size of the invoices.

13 What happens if my customer doesn't pay the invoice?
Recourse is to you in the event of non-payment by the debtor.

14 Do you contact my customer?
Yes, we will verify whether the invoices were submitted to your client for payment.

1415 How do I sign up?
Fill out our simple Online Application and get started.