Government & Mining Industry Invoice Discounting
• Get an advance of up to 70 % of your invoice value that’s payable by your customer.
• Once there’s a facility in place, it pays out within 24 to 48 hours.
• The minimum you can borrow on invoice finance is R50 000, and the maximum is up to R3 million depending on your debtor.
• The interest costs for invoice finance is up to 4 % for the first 30 days, however a prorated amount will be charged daily from day 32.