This is a structured facility which is processed within four (4) hours depending on the depositing of the title deeds and the applicant demonstrating financial capacity to honour their obligation as and when they fall due
We recognize that your success as an entrepreneur solely depends on how quickly and efficiently you are able to deliver on your orders as a reputation in the
competitive market is of utmost importance. At BFC, we want you to succeed and through our well-packaged Order Financing Facility, we will ensure that you deliver
ahead of your competitors through timely and efficient availability of finance. Present your confirmed order with a quotation from your preferred supplier,
who we will pay directly on the condition that your customer undertakes to pay us directly.
BILLS/ INVOICE DISCOUNTING
At BFC, we believe that it is fair that you realize the fruits of your handwork as quickly as possible. So to be smart and get your payments well ahead
before your invoice matures. Our commitment to you is that we will pay you the amount due from your customers before the due date so that you have
the cash to get back to work.
Why wait if you can have cash today? Armed with a letter of undertaking from your customer, we can make liquidity available to you.
We offer advance factoring for companies supplying goods and services on a continuous basis to blue-chip companies most preferably department stores such as Shoprite, Pick ‘n’ Pay, and Spar.
Factoring is a financial transaction whereby you sell your receivables(i.e. invoices) to BFC (a factor) at a discount. BFC will, in turn, disburse cash/ financing to you, less our discount fee.
A company can be endowed with assets and profitability but be short of liquidity if its assets cannot readily be converted into cash. In response to this BFC introduced the Working Capital Loan facility which can help you finance your day to day operations particularly for those companies that have a long cash conversion cycle.