Are you in need of extra working capital tied up by our unpaid invoices?
We advance you cash collateralized by your unpaid invoices, giving you an excellent way to put money back into your business. With invoice financing, you can get a fast advance of about 85% of the value of your invoices, with most of the other 15% paid to you later.
Requirements for Qualification of Invoice Financing
OnTime Lending is the go-to financial resource for every personal and small business loan—helping you face your challenges, achieve your financial goals, and grow businesses as big as your aspirations.
Requirements
- Original copy of invoices duly acknowledged by the procuring entity
- Delivery notes for the goods supplied
- Letter of assignment of the receivables executed by the procuring entity.
- I.D and PIN Copy for at least 2 Directors
- Original LogBook
- Evidence of Business
- Certified 6 Months Bank Statement
- Post Dated cheques
How's this Beneficial?
- No security is required.
- 80% Finance provided to be repayable within 90 days
- Approvals of financing within a day
“OnTime Lending has been a key partner in our success, and an invaluable asset for the growth and future of our company.”
Director CMK