Discount Financing Facility

This facility enables clients to be able to get funding from the bank on the back of an invoice that has been issued to an employer for services performed OR goods supplied. The facility would then be paid-off once the employer processes the payment. 

 



    Benefits

  • Immediate cash on invoices issued  
  • Improved day-to-day cash flow  
  • Interest rate charged ONLY on the finances amount  
  • One off commission price – paid only on funds borrowed  
  • No payment of bank commission up front  
  • Simple and quick due diligence  
  • No financial statement requirements

    Requirements

  • Invoice discounted up to 80% 
  • Commission amount flat monthly rate 
  • Repayment period 90 days 
  • Security: Deed of cession by issuer (Beneficiary to pay directly to Access Bank) 
  • Condition: open settlement account in name of Customer and offset the outstanding invoice finance directly from settlement account 
  • Invoices for pre-approved clients only 
  • Operating active Business transaction account with Access Bank

Get in touch with our us

For more information to help us to assist you, please contact your Relationship Manager or 

email us at botswanasmebanking@accessbankplc.com

TELEPHONE: 0711082000
WHATSAPP:  0704331786

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