Invoice Discounting Loan

This 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 80% of the invoice value within 24 hours. Pioneer Credit, takes responsibility for waiting on the invoice payment for up to 90 days, while your business benefits from the fast cash injection to boost the working capital.

Benefits

  • Financing does not register as debt factoring is not borrowing but rather a sale of a receivable and therefore no debt is registered on your balance sheet.
  • Revolving credit line provides flexibility in adapting to your changing business cycles and therefore, like an overdraft facility you only draw and use what you need.
  • Improves operating cash flows improves your business’ cash flow predictability and increases your long term borrowing capacity even from banks.

Requirements

  • Copy of certificate of incorporation.
  • Copy of CR12.
  • Copy of Company Pin.
  • Copy of Tax Compliance Certificate.
  • Copy of Director’s PIN.
  • Audited Accounts (for the past 3 years).
  • Certified Bank Account Statements (6 months).
  • Company Profile.
  • Current Debtor Ageing Report (for the client company).
  • Current Creditors Report (for the client company).
  • Current Creditor Ageing report (for each proposed factoring customer).
  • 3 sample invoices (for each proposed customer in the past 12 months).

Apply for Loan

Invoice Discounting Loan Application

Personal Details
  • (Should include location of Business, number of branches, years in operation, number of times the customer has dealt with the entity, Contact person plus the contacts – Email and telephone)
  • This field is for validation purposes and should be left unchanged.
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MORE THAN JUST BUSINESS

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To real solution

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simple; uniting people with endless possibilities

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STEP 2Our Observance

STEP 3Our Suggestions

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Visit our offices or simply send us an email anytime you want. If you have any questions, please feel free to contact us.
Address
Sharp Center, Wambui Rd, Muthaiga
Call us
0701 777 000
Email us
info@pioneercredit.co.ke
PIONEER CREDIT LIMITEDNAIROBI
Sharp Center, Wambui Road
Muthaiga
PIONEER CREDIT LIMITEDKISUMU
1st Floor Mini Mall,
Apindi Street
+254712631993 / +254751259359
PIONEER CREDIT LIMITEDELDORET
1st Floor, Citi Plaza,
Bandaptai Street
+254782605139 / +254721605139
PIONEER CREDIT LIMITEDRIDGEWAYS SALES OFFICE
Milestone Business Center, 2nd Floor,
Kiambu Road
PIONEER CREDIT LIMITEDNAIROBI
Sharp Center, Wambui Road
Muthaiga
PIONEER CREDIT LIMITEDKISUMU
1st Floor Mini Mall,
Apindi Street
+254712631993 / +254751259359
PIONEER CREDIT LIMITEDELDORET
1st Floor, Citi Plaza,
Bandaptai Street
+254782605139 / +254721605139
PIONEER CREDIT LIMITEDRIDGEWAYS SALES OFFICE
Milestone Business Center, 2nd Floor,
Kiambu Road
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Copyright Pioneer Credit Ltd. All rights reserved.

Copyright by Pioneer Credit Ltd. All rights reserved.