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For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

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Off balance sheet trade finance facilities


Off balance sheet trade finance facilities through structured self-liquidating deals, meaning that you will be able to undertake much bigger trade-related transactions than what normal banking facilities would usually allow.

Get in touch


Selective invoice discounting

Email: selectivefinance@fnb.co.za

Selective Invoice Discounting


Improve cash flow

This is invoice level financing, where either selected invoices or all invoices for selected preapproved debtors are sold to the bank to release funds and improve cash flow.

How it works


Bridge the cash flow gap

  • It is a short-term funding solution that gives start up or growing business's access to immediate cash rather than waiting 30 or more days for debtors to pay.
  • One or multiple invoices for selected quality debtors are 'sold' to release funds and improve the business's cash flow.
  • The facility requires disclosure to the debtor.
  • When the debtor pays the invoice, the facility balance is settled, but the facility remains open for continued future use.
 

Quick turnaround


No waiting around


Cash is disbursed within a maximum of 48 hours after completion of take-on process.

 

What's hot


Short-term finance

Short term solution to unlock cash from outstanding invoices

Flexibility

Flexibility to use the facility as and when required

Convenience

No notice period or monthly admin fee

Majority funding

Funding of up to 80% of the invoice value

Simplicity

Simple fee structure - based on percentage of invoice value

Invoice-to-invoice basis

Once invoice is settled, there are no further obligations to the bank, but facility remains in place/open for future use

Benefits to your business


Discounts + lower stock prices

Use early payment discounts and secure lower stock prices without impacting relationship with debtors.

Early payment discounts

Enables the business to utilise early payment discounts with creditors



Lower stock prices

Enables the business to secure lower stock prices through bulk buying



Intact relationship

Doesn't affect control of, or relationship with the debtor(s)



Getting it made easy


Selective Invoice Discounting

Qualifying criteria

  1. Solvent Balance Sheet
  2. Good quality debtor(s)
  3. Goods must have been delivered or service rendered
  4. Tax clearance certificate must be valid

How to get it

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Other ways to apply

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Documents needed

  • Latest financial information (e.g. management accounts)
  • Latest Debtors Age Analysis
  • Valid Tax Clearance Certificate
  • Completed Selective Invoice Discounting Application Form

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