Invoice Discounting
Invoice discounting gives immediate value to customers invoices before maturity. The facility is available to clients who trade in credit terms. Invoices to be discounted must be from reputable organisations and selected government entities
Some of the benefits
Immediate access
Immediate access to the proceeds of sales (eases cashflow)
Loan Term
Tenure of up to 90 days from invoice date and 180 days for government entities.
Maximum Discount
Up to 80% value of the invoice can be discounted
No Collateral
The facility is self-liquidating. No collateral required
What you get
- The facility is self-liquidating. No collateral required
- Discounting up to 80% of invoice amount or lower, depending on agreement
- Tenure - maximum of 90 days from invoice date and 180 days for government entities
- Get funds to grow your business when you need it most
- Available for both new and existing customers
- Refer to General Terms and Conditions
What it costs
- Stanbic Prime rate + margin
- Integrity of the drawee and the tenure are critical to the product
- Refer to Pricing Guide
How to get it
Email businessbanking@stanbic.com or visit your nearest Stanbic Bank branch with the following documentation
- Copy of acknowledged delivery receipt and acknowledged invoices
- Letter of assignment of accounts receivables with recourse
- An undertaking to pay the Bank directly by the drawee/off-taker
Refer to general terms and conditions
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What you get
-
What it costs
-
How to get it
- The facility is self-liquidating. No collateral required
- Discounting up to 80% of invoice amount or lower, depending on agreement
- Tenure - maximum of 90 days from invoice date and 180 days for government entities
- Get funds to grow your business when you need it most
- Available for both new and existing customers
- Refer to General Terms and Conditions
- Stanbic Prime rate + margin
- Integrity of the drawee and the tenure are critical to the product
- Refer to Pricing Guide
Email businessbanking@stanbic.com or visit your nearest Stanbic Bank branch with the following documentation
- Copy of acknowledged delivery receipt and acknowledged invoices
- Letter of assignment of accounts receivables with recourse
- An undertaking to pay the Bank directly by the drawee/off-taker
Refer to general terms and conditions