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Invoice Discounting

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About Invoice Discounting

Invoice Discounting is a business financing facility where businesses are able to sell their outstanding invoices to a Factor so as to get a cash advance of up to 85% of the invoice value.

Momentum Credit, takes responsibility of waiting on the invoice payment for up to 90 days, while your business benefits from the fast cash injection to boost your working capital.

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About Invoice Discounting

Benefits of Invoice Discounting

Flexible repayments over 11 months

Does not register as debt

Unlike a traditional loan or overdraft facility, Invoice Discounting is not booked as a "debt" but rather the sale of a receivable thus does not interfere with other credit arrangements

Fast processing within 24 hours

Aligned credit growth

The amount of financing you can access increases as your sales grow, thus providing you with comfort that you have access to continuous, growing amounts of working capital as your business grows

Fast processing within 24 hours

Revolving credit line

Provides flexibility in adapting to your changing business cycles

No early settlement fees

No early settlement fees

Application Requirements

  • Completed Application Form
  • Copy of Directors National Identity Card Copy of Director’s KRA PIN and company KRA PIN
  • Certificate of Incorporation/Registration
  • CR12 (issued within the last 6 months) or copy of annual returns of the previous year
  • Business Permit and other relevant practice licenses) Business Permit and other relevant practice licenses)
  • Others: Partnership Deed (LLP, Limited Partnership) Others: Partnership Deed (LLP, Limited Partnership)
  • 6  months Bank statements for all company bank accounts. 6 months Bank statements for all company bank accounts.
  • 3 sample invoices sent to each targeted factoring customer in the past 12 months) 3 sample invoices sent to each targeted factoring customer in the past 12 months)
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