Invoice Discount
We provide a discounted amount of a receivable to you in anticipation of the receivable. What that means in plain English is this: if you have issued an invoice to a client and are awaiting payment from him, but you need money for whatever reason you can come to us.
We will finance up to 70% of the value of payment shown on the invoice. This of course is dependent on the risk involved. Please see the list of requirements below.
Basic Application Requirements
- Application letter
- Received and stamped invoice
- Assignment of receivables
- In absence of the above, a collateral might be required
- Financial statement for the last three years and cash flow projections
Please note that the above list is not exhaustive and for additional requirements, kindly contact your Account Relationship Manager or visit your nearest BCR branch.
