Invoice Financing
for Small Businesses
Transform unpaid invoices into quick, hassle-free working capital
to meet your business’ funding needs.
INVOICE FINANCING FOR
Small-Medium Businesses (SMBs)
One of the biggest challenges small-medium sized businesses face is finding the right financial resources when they need them the most. A lack of financial footing hampers the ability to grow and create a sustainable revenue stream. In such situations, invoice financing can be beneficial for companies with cash tied up in unpaid invoices.
Receivables Financing (RF) or Invoice Financing is one of the most popular ways to fund SMBs by using unpaid invoices as collateral to receive cash upfront. SMBs can receive an invoice advance of a certain percentage of their invoice value, with most of the remaining amount due to be paid later.
The Triterras team can help cycle money back into your business. Don’t delay investing in projects and purchases that can propel your business forward.
Let us help relieve the pressure on your cash flow and unlock the working capital that you need.
- FEE
Varies depending on market and the risk factor of the invoice
- SPEED
As quickly as just 5 working days
- LOAN AMOUNT
Typically between 80% to 90% of the invoice value
- LOAN TENOR
Typically between 30 to 90 days
how does trade receivable financing
benefit you?
Triterras’ Invoice Financing is easy: Select the invoice(s) for which you would like to finance, and we pay them upfront. When we receive payment from your customer, you get the remainder less our fees.
Adaptable Financing
Choose which of your invoices you want to finance.
Secure Financing
Manage payments more effectively without running up debts.
Flexible Financing
Short-term financing programs to run your business.
Serve Big Clients
Take on larger orders and larger clients on your terms.
Prompt Funding
Fast funding, typically within 48 hours of having submitted invoices.
Looking for low-interest loans
against your unpaid invoices?
what you need for
invoice Financing
- LLC certificates
- Articles of Incorporation
- Other proof of business
- A/R Aging Report
- Credit Score
- Customer invoice samples
- Filled application sheet for invoice financing
- Profit and loss balance sheet
- Government-issued personal ID with photo
- Void cheque from your business account
- Permission to review your company’s tax history
HOW DOES IT WORK
Know How Our Receivables financing works
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Step 1Give us an overview of your business to one of our team members. -
Step 2We will then send a link to your email where you have to register by uploading all the requested documents.
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Step 3Upon the successful evaluation of the documents, we will automatically register your company into our System and begin internal credit application for your company. The whole process could take about 2 weeks, which is faster than most lenders in the market.
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Step 4Upon successful completion of your credit application, we will send you a final term sheet and list of collateral documents required. Once all these documents are received, we will set up your account in our system, along with the approved credit limits.
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Step 5Once your company is fully set up in our system, you will be sent a digital link to upload your invoices.
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Step 6Once your invoices are uploaded, your invoices will be re-evaluated and upon successful re-evaluation, your payment will be processed within 48 hours.
Stop Worrying About
Cash Crunch
Get invoice financing for small businesses
from Triterras and forge ahead worry-free with your business plans.
Stop Worrying About
Cash Crunch
Get invoice financing for small businesses
from Triterras and forge ahead worry-free with your business plans.
our clients
Love Us & Chose US
Once a Triterras client, always a Triterras client!
Read what our clients have to say about our financial services.
Triterras’ collaborative nature encourages staff to exchange ideas freely, sparking creativity leading to ground-breaking solutions that benefit our clients, earning only their trust and loyalty, but also set us up as a prominent leader in the trade finance industry. Working at Triterras has been an immensely rewarding experience, on both professional and personal levels. Colleagues are like friends and mentors, always ready to offer support and guidance. My career with Triterras has been nothing short of extraordinary. I’m immensely grateful for the opportunities and support that I have experienced thus far. I look forward in great anticipation to contribute towards Triterras’ continued success and growth.
It has been nearly 3 years since the end of year 2020 when I applied to establish my career in Triterras as its Customer Success Executive. Since then, I have grown to adore and look forward daily to work closely with some of the brightest, friendliest, and hard-working individuals, where every day also presents new learnings which encourages me to pursue never-ending growth and to pick up new skills, enabling me to do my job in better and in more efficient ways with the new knowledge learnt.
In my challenging and exciting role as a Customer Success Executive at Triterras, I find myself constantly surrounded by extremely talented, yet humble individuals who hail from diverse industries and expertise coming together to learn and contribute in our respective roles, towards the success of the organization. Every day brings great vibes and high energy, as nothing beats having supportive colleagues who are more than willing to share their experiences through mentorship. Being in such an environment makes me feel like I can develop my career, hone my skillset and yet enjoy my time here.
I applied for a career with Triterras because I was seeking a challenging opportunity in my banking operations field of expertise. What’s more, Triterras has policies in place that encourage respect, trust, empathy, and support for one another. I am continuously given opportunities to learn and develop new skills, allowing me a sense of satisfaction and fulfilment in my work area. During the Covid period, though I worked from my hometown instead of the office in Dubai, I was still entitled to all the benefits of new workplace. For aspiring job seekers looking to join Triterras, I am happy to share that Triterras is certainly a place to go to for ample opportunities for professional career growth.
frequently asked questions (faqs)
Why should I consider invoice financing for funding my business needs?
One of the most significant advantages of invoice financing, is the flexibility it gives small business owners to use the money for various business needs. There are no restrictions on how the money can be used, so you can use the additional capital however you see fit. The extra cash can help you:
- Acquire new inventory
- Purchase business-related software or hardware
- Resolve seasonal cash restrictions
What can I use the invoice financing loans for?
You can use the money obtained from invoice financing for:
- Supplier Payments
- Rent Payments
- Trade License Renewals
- Salaries Payment
- Tax payment
Can you explain how invoice financing works?
- You provide your customers with products or services and invoice them. Next, you will pass the invoice details to your invoice finance provider.
- Your invoice provider pays you a percentage on your invoice (the previously agreed-upon percentage varies according to the risks involved).
- Invoice providers may chase payment on your behalf, or you may track the payment per usual.
- As soon as the debtor pays your invoice, you receive the remaining amount minus any service fees that were agreed upon.
What is the duration of the application process for invoice financing?
Fortunately, the process does not take up much of your time. To ensure the business’s clients are in good standing, your lender will verify the outstanding invoices and the companies with which the firm anticipates invoicing.
Does invoice financing require collateral?
Yes, it does. Typically, open accounts receivables are used as collateral for invoice lending. For invoice financing, you do not need to use your property, inventory or equipment as collateral.
In what way will my information be protected?
You can fully trust us to safeguard your information. At Triterras, we use bank-grade, 256-bit encryption to protect your data. Moreover, we do not store third-party passwords and usernames. We take Data Privacy very seriously.
What businesses qualify for invoice financing?
Invoice financing is ideal for all kinds of small businesses with long billing cycles, such as:
- Retail
- Manufacturing
- Technology
- Staffing
- Wholesale and distribution
- Logistics and transportation
A good way to obtain favorable terms and rates is to regularly invoice creditworthy businesses.
Invoice financing is also ideal for companies that thrive on seasonal changes, as well as those that are expanding rapidly. Businesses with slow-paying customers will also benefit from this funding option.
My invoices to customers have already been sent. Can I finance them?
- Invoice should not be past the due date
- They should be from an approved customer
- They should be verifiable from this funding option.
How does invoice financing differ from traditional business financing?
Invoice financing is a great alternative to traditional financing or loans and generally takes less time to process than traditional business loans. Traditional loans end up adding more liability to your balance sheet. Invoice financing uses your outstanding unpaid invoices as collateral.
How do I repay my invoice financing loans?
Customers usually pay a certain percentage weekly until they pay the financing fee. As soon as the customer pays, the financing company repays the amount they held in reserve after deducting the processing and financing fees.
What are the costs involved in invoice discounting?
The costs involved are dependent on the client’s/ borrower’s profile. For more information, please reach out to our Relationship Managers (RMs) via the Contact Us form here.
