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Invoice Discounting

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With our Invoice Discounting Facility, your business can draw money against invoices issued for completed contracts before payment is received from your creditors.

Some of our benefits

Easy

Fast and simple application process

Negotiable rates

Our invoice discounting service rates are negotiable

Maximum discount

Up to 80% value of the invoice can be discounted

Capital Efficiency

Maintain cash-flow for your business
What you get
  • Immediate cash flow for your business, allowing for continuous growth and cash management
  • Up to 80% value of the invoice can be discounted.
  • Domiciliation of proceeds with the bank.
  • Rates are negotiable.
  • No need to provide tangible collateral
what you'll need:
  • Formal application letter
  • Board Resolution (if a limited liability company)
  • Copy of the supply order
  • Copy of confirmed invoice from supplier
  • Copy of delivery receipt and certificate of contract performance
  • 12 months' bank statements (for new to bank customer)
  • Duly executed statement of personal guarentee of company owner(s)
How to apply

 

  • Apply for Invoice Discounting at the bank

What it costs:

Rates are negotiable

  • You must be a confirmed staff member at your place of employment
  • Be a minimum of 21 years and not more than 60 years at the end of the loan tenor (65 years for judges and lecturers)
  • Earn a minimum monthly salary of N350,000 and above
  • Have a good credit report and no returned cheques in the last 6 months
  • Have your salary account (current account) with Stanbic IBTC Bank
  • Formal application letter
  • Board resolution (if a limited liability company)
  • Copy of the supply order/contract document
  • Copy of confirmed invoice from supplier
  • Copy of acknowledged delivery receipt and certificate of contract performance
  • What you get
  • what you'll need:
  • How to apply
  • Immediate cash flow for your business, allowing for continuous growth and cash management
  • Up to 80% value of the invoice can be discounted.
  • Domiciliation of proceeds with the bank.
  • Rates are negotiable.
  • No need to provide tangible collateral
  • Formal application letter
  • Board Resolution (if a limited liability company)
  • Copy of the supply order
  • Copy of confirmed invoice from supplier
  • Copy of delivery receipt and certificate of contract performance
  • 12 months' bank statements (for new to bank customer)
  • Duly executed statement of personal guarentee of company owner(s)

 

  • Apply for Invoice Discounting at the bank

What it costs:

Rates are negotiable

  • You must be a confirmed staff member at your place of employment
  • Be a minimum of 21 years and not more than 60 years at the end of the loan tenor (65 years for judges and lecturers)
  • Earn a minimum monthly salary of N350,000 and above
  • Have a good credit report and no returned cheques in the last 6 months
  • Have your salary account (current account) with Stanbic IBTC Bank
  • Formal application letter
  • Board resolution (if a limited liability company)
  • Copy of the supply order/contract document
  • Copy of confirmed invoice from supplier
  • Copy of acknowledged delivery receipt and certificate of contract performance
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