The FirstBank Invoice Discounting Facility product is designed to provide a structured and controllable finance to customers who need immediate funding for working capital requirements while awaiting payment for goods/services supplied or contracts executed
Features
- Credit facilities made available via invoices that have been duly accepted for payments
- Maximum tenor of 60 days with roll over option of 30 days
- Up to 70% of the net value of the invoice can be discounted
Benefits
- Provides improved cash flow
- Supports business growth and expansion
Required Documentation
- Application letter
- Duly completed loan application form
- Certificate of registration of business entity
- Original invoice documents duly executed by respective parties from principal
- Other Banks’ statement of account of 12 months preceding application
Who Can Apply?
- Any registered business who have executed contracts and are awaiting payments
To apply for the Invoice Discounting Facility,
- Visit the nearest FirstBank Gambia branch
