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Guaranty Trust Bank SME Invoice Discounting Finance (SME IDF)
This is a short term borrowing facility which provides a quick cash flow solution to your business needs. Your business can draw money against invoices (receivables) issued before your clients pay for products supplied or services rendered.
- Maximum of N 50Million (subject to 70% of invoice value)
- Tenor is 60 days (maximum waiting period of 30 days)
- Bullet repayment upon maturity of the facility with monthly interest
- Irrevocable domiciliation of discounted invoice proceeds with GTBank
- Competitive interest rate
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