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Purchase Order Discounting

Purchase Order Discounting

With the Purchase Order Discounting service, your business can fulfil orders and pay suppliers. Get working capital to keep your business moving forward.

Some of the benefits

Good terms

Up to 120 days to make repayments

Support

24-hour business banking support through our customer care channels

Access to funds

Get working capital to complete your contracts

Fast and simple

Apply, get approved and get the funds you need
What you get
  • Working capital to execute contracts.
  • No need to provide tangible collateral.
  • Make repayment of the loan when your contract is paid
  • Financing of up to 64% of the value of the purchase order.
  • Domiciliation of proceeds with the bank.
  • Loan tenure of a maximum of 120 days
What you need
  • Formal application letter
  • Board resolution approving the request (if you are limited liability company)
  • Duly executed irrevocable domiciliation agreement for the full LPO value of the contract into a collections account
  • Copy of supply order/contract document duly verified by the collections monitoring unit (CMU)
  • Copy of goods/product invoice from supplier
  • 6 months’ bank statements (for new-to-bank customers)
  • Satisfactory credit bureau report
  • Duly Executed Statement of Personal Guarantee of Company Owner(s)
What it costs
  • See products pricing guide here

•          Applicant must be a Business Banking customer with a Business Banking account

 

Download application NOTE: Link must be added here

View T&C NOTE: Link must be added here

  • What you get
  • What you need
  • What it costs
  • Working capital to execute contracts.
  • No need to provide tangible collateral.
  • Make repayment of the loan when your contract is paid
  • Financing of up to 64% of the value of the purchase order.
  • Domiciliation of proceeds with the bank.
  • Loan tenure of a maximum of 120 days
  • Formal application letter
  • Board resolution approving the request (if you are limited liability company)
  • Duly executed irrevocable domiciliation agreement for the full LPO value of the contract into a collections account
  • Copy of supply order/contract document duly verified by the collections monitoring unit (CMU)
  • Copy of goods/product invoice from supplier
  • 6 months’ bank statements (for new-to-bank customers)
  • Satisfactory credit bureau report
  • Duly Executed Statement of Personal Guarantee of Company Owner(s)
  • See products pricing guide here

•          Applicant must be a Business Banking customer with a Business Banking account

 

Download application NOTE: Link must be added here

View T&C NOTE: Link must be added here

We also offer
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