Product Features

• Free up cash by drawing against company receivables
• Competitive interest rates
• Low processing fees
• Secured by short-term receivables
• Amount financed and term based on allowed receivables
• Receivables made payable to CVFC or to client upon direct consent of CVFC
• One year agreement, renewable annually

Eligibility

• For entrepreneurs or companies in existence for at least three years
• With evident capacity to pay
• Must have good credit standing (applicants are free from cancelled credit cards and have no pending court case with material financial implications)

Documentary Requirements

• Completely filled-up application form
• Recent ID pictures of applicants/main officers with signature at the back
• Bio-data of company officers
• Secretary’s Certificate authorizing persons to transact loan for the company
• Business registration certificates
• Business permits
• ITRs (last three years)
• Bank statements (last six months)
• Utilities billing statement
• Purchase order/sales invoice payable (whichever is applicable)
• Sketch of location/residence