Invoice discounting proceeds provides prompt access to cash created on receivables from contract employers. An invoice discounting loan makes cash available for jobs/contracts that have been successfully executed and it’s usually more flexible than a typical loan. The repayment is tied to the agreement existing between the issuer of the contract/purchase order and the contractor/supplier backed with duly executed Domiciliation agreement. Usually, only an agreed percentage of the invoice value is discounted. For this product, Mezcredit provides up to 70% of the invoice value to enable our customers meet working capital needs while awaiting payment for goods supplied or services rendered. Tenor of up to 90 days and a Tripartite Domiciliation Agreement is needed. For invoices to be tradeable under our invoice discounting service, it has to be with blue-chip companies and approved organizations.
Requirements For Invoice Discounting Loan
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