The Fidelity Invoice Discounting Facility is designed to assist businesses (suppliers/ contractors) to meet their short term working capital needs. It allows businesses to access money due to them from their outstanding invoices to improve the cash flow of the business.
Main Features & Benefits
- Provides working capital to support cash flow while awaiting payment from debtors.
- Access to funds to pay employees salary, suppliers and meet general expenses
- Quick access to funds to support fast and timely execution of the contract
- Short-term facility not exceeding 120 days
- No tangible collateral required
- Competitively priced facility rate