Grow your business without worry
Every business depends on a healthy cash flow to stay afloat and operate efficiently.
When your customers do not pay you for the goods and services you have supplied them with, it puts pressure on your finances thus leaving you with limited capital for operational expenses.
At Smithmo Credit Limited, we have the simplest form of invoice financing. You simply surrender your invoice to us, and we give you cash advance that is a percentage of the invoice value.
Requirements
Kindly ensure you have all the necessary documents ready in order to meet our requirements so that we may serve you.
- Smithmo Credit Limited Invoice Discounting Loan application form
- Copy of national ID card or valid Passport
- Bank statements for two years.
- Balance sheets, Income statements, Accounts receivables, Cash flow statements, Profit and Loss statements – what is available)
- Borrower’s Coloured Passport Size photo (45x55mm) (2pcs)
- Copy of KRA PIN
- Tax compliance certificate
- Be duly registered by the government as a business entity (business permit, certificate of registration, or certificate of incorporation)
- Undertaking by the Director(s) of the company to repay the loan.
- Security/Collateral – any of the following: Inventory, Land Title Deed, Car Logbook, Livestock if properly insured, NSE Shares, Debentures on assets, Equipment and Machinery, or Certificates of deposit (CDs).
