Stanbic�s boost for liquidity-strapped businesses

Thursday, September 10, 2015

Businesses that have been struggling to acquire working capital from a variety of sources now have more options as Stanbic Bank Botswana has introduced invoice discounting and purchase order finance.

These are working capital solutions where one borrows money from the bank against future payments due on specific invoices.

Head of trade and public sector at Stanbic, Desma Elvis-Ncaagae said invoice discounting and purchase order finance are designed to unlock liquidity tied in one’s business accounts receivables.

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