Invoice discounting and supplier finance lets you accelerate the collection of trade receivable funds for a discounted cash payment. Now you can boost working capital and enhance your cash flow with invoice discounting and supplier finance from Absa.
What you get:
- Mitigated effects of extended payment terms
- Mitigated risk within the supply chain
- Improved supplier cash flow
Documents required when you apply:
- Copy of signed contract between you and your suppliers/distributors
- Supplier/Distributor profiles
- 12 months’ bank statements for new-to-bank customers
- 3 years’ audited financial statements
- Letter of introduction by Absa Bank Ghana corporate client
Get funds, pay import collections and import letters of credit at sight. With a trade loan, you get extended credit so you can pay suppliers on time and improve your cash flow. This flexible short-term credit solution facilitates gaps in import or export trading cycle.
Documents required to apply:
- Company profile
- Management profile
- 3 years’ audited financial statements
- Cash flow for the next 12 months
- Industry/Competitor information
- Security information
Pay only when you use it and enjoy a safety net in case of extra costs. Improve cash flow, minimise finance costs and enjoy a flexible form of funding with an overdraft from Absa. This credit facility allows you to overdraw your account up to a limit for a deferred period.
Documents required to apply:
- Company profile
- Management profile
- 3 years’ audited financial statements
- Cash flow for the next 12 months
- Industry/Competitor information
- Security information
Need more help?
Call us on:
+233 (30) 242 9150 (network charges apply)
0800 222 333 (MTN and Vodafone customers)
Email us:
customerexperience.gh@absa.africa