Bespoke Business Finance Brokers

Nashfin

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.

The Process:

You receive a purchase order from your customer, you complete the work and deliver the product or service.
You generate an invoice and send it to your client, then you present the same invoice to our affiliate partners.
Our affiliate partners will assess and validate the legitimacy of the invoice by confirming it with your client.
The affiliate partner does a creditworthiness check and applies for debtor’s insurance on behalf of your customer.
Once your customer agrees to pay my affiliate partner directly, an offer with terms will be made to you.
Once your customer agrees to pay my affiliate partner directly, an offer with terms will be made to you.
Your customer will be compelled to settle the invoice according to the terms agreed upon with the finance house.
As soon as your customer settles the invoice, you will get the balance of 25 % less (3 to 5 %) of the invoice value as the factoring cost.