How it works

HOW DOES PO FINANCE WORK

Transactions are fairly simple. Once you set up an account, we finance the supplier expense of your purchase order. We pay the supplier directly, on your behalf. Once they are paid, your supplier manufactures and delivers your product or we can handle you logistics should your supplier not be able to deliver to your client, the end user. The transaction settles when your client receives the goods and pays for them.

DO YOU QUALIFY:

To qualify for purchase order financing, your company must:

• Be a product re-seller/distributor/supplier to large corporates or parastatals
• Have commercial or parastatal customers
• Have orders of R500,000 or more
• Have transactions with a sufficient gross profit margin.

HOW INVOICE FACTORING WORKS

You Invoice Your Customer – Once you have provided products or services to your customer then you issue an invoice for them to pay you. To qualify for factoring, these invoices must be payable within 90 days and to a good credit quality corporate.

You Sell & Assign the Invoice to CONDY CAPITAL – You go through the application process and sell your outstanding invoices to CONDY CAPITAL.

CONDY CAPITAL pays you an Advance generally up to 70% of invoice excl VAT. CONDY CAPITAL may send a notice of assignment to your clients whose invoices are to be factored.

When the invoice is due your client pays CONDY CAPITAL. Your client will pay CONDY CAPITAL within 90 days according to the terms of the invoice.

INVOICE FACTORING COSTS

 Rates are based on transaction parameters, including the invoice terms and credit quality of your clients (the end user). For a rate quote or to speak with an expert, contact us on info@condycapital.co.za.