FREQUENTLY ASKED QUESTIONS
HOW FACTORING WORKS
Factoring helps you solve cash flow gaps and also helps you to get purchase discounts. Our reports allow for organized management of collections and receivables to guide you in making good decisions.
WHAT KIND OF FEES DO I NEED TO PAY?
You are only required to pay a nominal fee based the gross amount of invoices factored.
DO I NEED TO PROVIDE ANY SECURITY?
Generally not. Only guarantees from directors and/or shareholders are usually required.
WHY DO I HAVE TO PAY FACTORING CHARGES?
This fee covers our professional accounts receiveable management service, allowing you to focus fully on your business operations.
HOW DOES PRE-FACTORING WORK?
Pre-factoring provides additional working capital, especially if your business is growing or when you anticipate an increase in orders. It complements your financing facilities.
If I want to apply for a letter of support, how much will the fee be?
To apply for a letter of support, a reasonable fee will be charged based on the amount you require.