Invoice Discounting Facility

The FBNBank 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 FBNBank Gambia branch

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