Small and medium-sized enterprises (SMEs) who need money for growth or working capital may turn to Nora Finance for customized loan solutions ranging from R50,000 to R5,000,000.
SMEs are frequently in a situation where they are not able to fulfill customers’ requests because of being unable to get the funds necessary to purchase supplies. Both the order and the client are often lost as a consequence.
Their Invoice Discounting and Purchase Order Financing solutions are intended to bridge this gap and have the benefit of being quicker and easier to get than a standard bank loan.
What makes them different?
Because of their extensive background as suppliers, we are able to better understand and meet the demands of our customers.
Their commitment to superior customer service is seen in their streamlined application procedure, which prevents our customers from being bogged down by unnecessary paperwork.
For instance, their photo-scan procedure allows customers to use smart phones to scan papers or fill out electronic forms in place of a scanner.
Services offered by Nora Finance
Project Equity Finance:
We become a finance partner to SMEs with legitimate transactions who are unable to acquire funding owing to a lack of financial history or the inability to offer security that is generally requested by conventional banks. This product is appropriate for firms having a valid purchase order or contract from a corporate corporation, State Owned Entity (SOE), the majority of municipalities, and government agencies.
Debtor Financing and Invoice Discounting:
Instead of waiting 30, 60, or 90 days for payment, businesses may turn their current sales invoices into immediate cash. We will automatically pay you an advance of up to 90% of the invoice amount when the transaction is completed and the products or services are delivered.
Purchase Order Financing
After a firm has received a purchase order to provide products, we finance the acquisition of the inventory/goods or raw material necessary to deliver on the purchase order.
Nora Finance contact details
WhatsApp: +27 73 257 9592
Telephone: +27 11 593 2306
Address in Durban: 11 Walnut Road, Kingsmead, Durban, 4001
Address in Johannesburg: Pinewood Office Park, 33 Riley Road, Woodmead, Johannesburg, 2191