UsPlus’s Innovative Invoice Factoring Solution
Invoice Factoring
An UsPlus Invoice Factoring facility is a fast and simple way for your business to access working capital.
This facility allows you to swap one of your receivables for cash at a discounted rate.
By way of a simplified example: If your business has submitted a R100 invoice to your client that is due to be settled in 30 days. UsPlus will pay your business R97 today, and in 30 days UsPlus will be settled the full amount.
This is one of the few types of finance that does not come with an interest charge or repayments, you are also not required to give up equity to raise this type of finance.
Use this facility to acquire new, bigger customers -
Many customers use their UsPlus invoice factoring facility to gain the business of new, bigger clients.
The UsPlus invoice factoring facility allows your company to offer payment terms where it previously could not.
This will make your business more appealing when tendering or offering your service to a bigger client.
This creates a win-win situation whereby you gain a new customer, your customer can enjoy payment terms that allow it to pay you 30+ days after your invoice, and you will not have to wait for the payment as you will still be paid immediately through your UsPlus facility. Moreover, when done in this way, you can also price in the cost of finance so that it does not come with a monetary cost to your business.
