Nora Finance
We become a funding partner to SMEs with credible transactions who are unable to access funding due to a lack of financial history or the inability to provide security that is normally required by traditional banks. This product is suitable for businesses with a valid purchase order or contract from a corporate company, State Owned Entity (SOE), most municipalities and government departments.
Businesses can convert existing sales invoices into instant cash as opposed to waiting for 30, 60 or90-day payment terms. When the sale is made and the goods or services delivered, we will automatically pay you an advance of up to 90% of the invoice value.
When a business has received a purchase order to supply goods, we fund the acquisition of the inventory/goods or raw material required to deliver on the purchase order.