Loan Products
Invoice Discounting
Our Invoice Discounting facility offers businesses a reliable source of working capital by unlocking immediate cash against confirmed invoices.
Benefits
- Improves your company’s credit rating.
- Enhances your bargaining power.
- Quick turnaround time.
- Value for money.
- Eliminates cash flow shocks arising from unexpected business from your customers.
- Assists enterprises to meet cash flow needs for critical business expenses and other working capital needs.
- Helps you get discounts on purchases from suppliers.
- Increase capacity to supply and consequently increase income.
Product features
All facilities range from K50, 000 to K1, 000,000.
EFC employee to be added as a signatory on the clients operating account.
Maximum tenor is 90 days
Competitive rates
Quick turnaround time
A non-refundable processing fee is charged
Requirements
Application cover letter
Certificate of registration
Board Resolution
Proof of Business premises i.e. Utility bill or lease agreement
Director’s identity documents i.e. copy of NRC or Valid Driver’s License
Directors passport sized photos
6 months Bank statements
Copy of purchase order/contract
Stamped copies of invoices to be discounted
We are here to assist
Apply for Invoice Discounting
To learn more about Invoice Discounting, call our toll-free line at 8899 or visit any of our branches. A Relationship Manager will walk you through eligibility, limits, required documents, rates, and how to apply.