Improve Cash flow Through Debtor Finance from Standard Bank

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With a 154-year history in the South African Financial industry, Standard Bank has garnered a reputation as one of the leading banking institutions in the country. The bank has also extended its operations to 29 countries on the African continent- providing more access to quality financial services.

The bank has 15.6 million customers, who are serviced by 48 000 employees. The bank’s 1283 branches in various countries across Africa are run efficiently and smoothly by dedicated staff.

Standard Bank offers a range of transactional products and services, including debtor finance.

Tell me more about debtor finance from Standard Bank?

Debtor finance offers businesses a fast solution to improve cash flow. By applying for this service, businesses are advanced a portion of the funds owed to them by their clients on invoices due.

There are two types of debtor finance from Standard Bank that are offered

Disclosed debtor finance allows you to convert unpaid sales invoices into immediate cash.

Ideal for growing businesses without collateral to obtain overdraft facilities, the service is available to businesses with a minimum turnover of at least R2 million per month.

Standard bank offers the additional benefit of rating your present and new debtors to establish their creditworthiness.

The bank pays the balance when your debtors pay their outstanding invoices.

To apply for the service, you need to have a Business Current Account. If your debtors’ book and account are in order, a 12-momth agreement will be put in place.

Non-disclosed debtor finance is suitable for solvent businesses that have at least two years of profitable trading.

A fixed monthly service fee is charged and you manage your own debtors.

This service is a popular way to finance small and growing businesses that need working capital. To qualify for this service, the creditworthiness of your clients is critical for success.

Visit www.standardbank.co.za

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