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.

• 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.

• 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).