What is Invoice Financing?
Boost your business's cash flow with invoice financing.
Understand how this funding option can help you grow your business effectively.
Boost your business's cash flow with invoice financing.
Understand how this funding option can help you grow your business effectively.
Invoice financing serves as a catalyst for small and medium enterprises aiming to boost cash flow and spur growth. By tapping into the value of outstanding invoices, businesses can quickly secure necessary capital to manage daily expenses, fund growth initiatives, and ensure seamless operations. Explore the mechanics of invoice financing and understand its advantages over traditional banking methods.
Harness the power of your receivables through invoice financing, a smart strategy that allows businesses to borrow against their pending invoices.
Offering more flexibility and quicker turnaround than traditional bank loans, this financing option is tailor-made for enterprises that need quick financial injections to keep operations running smoothly.
Factoring involves selling your unpaid invoices to a third party (factor) at a discount. The factor then collects payment directly from your customers, providing you with immediate cash flow.
Supplier invoice financing helps businesses manage their supply chain payments by financing invoices from suppliers. This ensures timely payments and smooth operations without straining cash flow.
Adapted to meet specific business needs, business invoice financing offers customised solutions to access working capital. This type of financing helps maintain cash flow and supports business growth.
Imagine a business needing funds to fulfil a large order. By financing their invoices, they receive immediate cash to cover production costs, ensuring they can meet demand without financial strain.
Invoice financing provides quick access to funds, improving cashflow and enabling businesses to cover expenses, invest in growth, and fund new opportunities.
Customised funding solutions meet the specific needs of your business, offering flexibility in terms and repayment options.
Utilise the funds from invoice financing to expand operations, purchase stock, upgrade equipment, or enhance marketing efforts, driving business growth.
Evaluate your business needs, the reliability of your customers' payments, and the costs associated with invoice financing to determine if it's the right solution for you.
Typically, funds are available within 24 to 48 hours after approval, providing a swift solution to cash flow challenges.
Invoice financing offers quicker access to funds and greater flexibility compared to traditional bank loans.
It’s ideal for businesses that need immediate working capital without the lengthy approval process.
While Merchant Capital does not offer invoice financing, we providea range of flexible funding solutions tailored to support small and medium businesses in South Africa. Explore our working capital options and discover how we can help your business thrive.
To qualify for Merchant Capital’s financing options, businesses needa minimum R50 000 turnover and a track record of at least one year in operation.
Apply online or contact our team for personalised assistance. The application process is straightforward, with funds typically available within 48 hours of approval.
Use Merchant Capital’s funding solutions strategically to managecash flow, expand your business, and capitalise on new market opportunities. Our flexible financing options provide the support you need to achieve yourbusiness goals.
Invoice financing is a valuable tool for improving cash flow and supporting business growth. While Merchant Capital offers alternative financing solutions, we encourage you to explore all available options to find the best fit for your business needs.
Connect with us for a bespoke consultation, and we'll guide you to the right alternative financing solution tailored to your business's unique requirements.
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Use our online calculator to estimate your advance amount and repayment terms, helping you make an informed decision.
These are indicative amounts only.
All offer amounts and costs are based on your monthly turnover and credit standing.
There are 2 easy ways to apply: 1. Online: A great option if you keep unusual hours or if you prefer to apply when it's most convenient. Once done, you will immediately receive an email guiding you on the next steps. It will also advise you on any outstanding documentation. Just a few hours later, you can expect a call from a Merchant Capital sales executive to get your application going. 2. Face-to-face: Otherwise you might prefer to discuss things in person, in which case we also offer the option of applying directly with a sales executive. Our team is well equipped with the expertise needed to guide you through the process. During office hours simply call 011 217 2880 and receive an immediate response and follow-up email
You can qualify for up to 100% of your business's average monthly credit and debit card turnover. It’s a good idea to have this amount handy to better understand what you can expect. Then, as soon as we have analysed your statements, you will be contacted with a more accurate qualification amount.
We pride ourselves on creating a customised funding solution for each and every client. We never apply a one-size-fits-all pricing model to you or your business. It’s best to contact us so we can begin working on a structure that works best for your business.
We work on a scale of 1 – fast, so strive for super-quick turnaround times. It takes 24 – 48 hours to assess the amount of funding you could access! As soon as you provide the information required to apply, we can start processing your application.
To be fair, since we are providing an unsecured funding solution we do need to check with the supplied references as well as run personal credit checks. Bear in mind that while personal credit is considered, you don’t need a perfect credit record to qualify for a Merchant Capital cash advance. Our team may also contact you in order to better understand your business’ circumstances. Rest easy, we will always discuss our findings with you before any decisions are made and you will be kept in the loop throughout the application process.
We understand that you are the one who built this business. So we respect the fact that no one understands its ‘ins and outs’ quite the way you do. With this in mind, we don’t prescribe what you use your funds for. That said, having funded billions of Rands to thousands of South African businesses, we know a thing or two. So, we highly recommend that the cash injection be used for business growth opportunities.
Understanding that every business is unique with specific needs, we provide two options for Merchant Capital cash advance repayments: 1. Split Processing is when repayments take place directly via your debit and credit card terminal. This means that every time a customer pays with a card, a small agreed-upon percentage of that transaction goes straight to Merchant Capital while the remainder is paid into your bank account. This continues until the amount is fully paid off. This means that if you don’t trade, you don’t pay. On the flip, side- during your busier times you repay that much faster. 2. Alternatively a daily debit order provides the opportunity of knowing exactly how much you are paying back on a daily basis, rather than paying a large single sum at month-end. This debit facility can also be designed so that it closely follows your trading pattern. Our skilled credit team will discuss both of these options with you and advise which one is best for your business.
Once 70% of your facility has been paid back, you qualify for a re-advance. Then, since we already have all your details on file, an already seamless process becomes that much easier! All we will need are a few updated statements and the additional funds will be made available to you. Plus, should you have not taken the full amount you originally qualified for, you can also ‘top up’ your Merchant Capital Cash Advance at any point in your funding cycle. It’s no wonder that 80% of our customers re-advance with us, given the benefits of our unique working capital solution.
32 Impala Road
Chislehurston
Sandton
2196