Invoice Discounting

Invoice discounting is the practice of using a company’s unpaid accounts receivable as collateral for a loan, which is issued by a finance company. Invoice discounting is similar to Local Purchase Orders (LPO) Financing except that the customer has performed on the contract, invoiced and awaiting payment. The corporate body who issued the LPO would have specified the repayment terms upon delivery.

Emilomo And Rohack Resources Limited would finance as much as 70% of the invoice value. This tenor of the loan is subject to the terms of the contract/LPO but must not exceed 90days.