Frequently Asked Questions
Questions our clients ask
Invoice discounting is a financial product where businesses utilise their unpaid invoices to secure immediate working capital from a financing provider such as DiscountDesk. By entering into an agreement, businesses receive a percentage of the invoice value (up to 80%) as an advance, aiding cash flow needs. This discrete form of financing is especially beneficial for businesses seeking to bolster their liquidity and growth while retaining autonomy over customer relationships.
- The company completes its services and/or delivers its products to its clients.
- The company raises an invoice to its client.
- The client signs off on and accepts the invoice.
- The approved invoice is offered to the DiscountDesk.
- DiscountDesk can elect to purchase the invoice for up to 80% of the value.
- The amount purchased is paid into the company’s account.
- DiscountDesk waits with the company for the payment from its client.
- The client settles and pays for the invoice.
- DiscountDesk receives its capital and fees, and the remainder is paid to the Company.
- To scale or expand the business due to having continuous cash flow.
- To pay for operational expenses whilst awaiting payment.
- To negotiate discounts with suppliers for larger payments.
- To negotiate early settlement discounts with suppliers for earlier payments.
- To complete certain projects faster due to no delays in payments.
- Continuous cash flow for the company.
- Creates the ability to grow the business faster.
- Provides an opportunity to expand without loss of control or equity.
- Allows for larger purchases and discounts.
- Allows for early settlement discounts with suppliers.
- Develop in better standing with customers and suppliers.
- Can be utilised for urgent opportunities or emergencies.
- Reduce the risk of bad debts.
The following terms qualify your business for Invoice discounting through DiscountDesk:
- Minimum turnover of R5 000 000.00 per year.
- Most of your clients should be large businesses.
- The company must be trading for longer than 12 months.
- The financial information of the company must be readily available.
1. The company's latest annual financial statements
2. Latest Management Accounts (if Possible)
3. Last 6 Months Bank statements
4. Asset Register
5. Latest Debtors age analysis
6. Latest Creditor's age analysis
7. The three largest unpaid invoices
8. Bank account confirmation letter
9. CIPC Documents
2. Latest Management Accounts (if Possible)
3. Last 6 Months Bank statements
4. Asset Register
5. Latest Debtors age analysis
6. Latest Creditor's age analysis
7. The three largest unpaid invoices
8. Bank account confirmation letter
9. CIPC Documents
By offloading longer payment term invoices using DiscountDesk’s invoice discounting facility and getting an instant cash flow injection into your business on the same day, when your invoices were submitted to your client.
DiscountDesk charges market related fees on the amounts advanced based on the client's risk profile and business.
We are a South African based company and our Head-Office is located at Centurion Gate Office Park Unit 4, 1951 Akkerboom Street Centurion, 0157.
Simply use our “Apply Now” tab on our website www.discountdesk.co.za/applynow
After your application was successful, within 48 hours (dependent on how long the client takes to provide all necessary documentation).
DiscountDesk provides businesses with Invoice Discounting Financing. DiscountDesk forms part of a larger financing group called Alternative Finance Group (AFG) which offers many different financing products to its clients. This includes but is not limited to Asset-Backed Term loans, Government Purchase Order Funding, Government Invoice Discounting and Property Bridging Finance. For more information, visit our group website: www.afg.africa
R25 000 000.00
R250 000.00
