Overview

Working capital.

Features

Repayment frequency

  • As per period of the order Bullet as specified in the order

Who qualifies?

  • Small companies

What you need to apply

  • Memorandum and articles of association,
  • CR14 and certificate of incorporation.
  • Directors and senior management
  • CVs Brief business outline current lease agreement (where business is operating from rented premises)
  • Letter of undertaking from the buyer addressed to the company undertaking to pay direct to Red Sphere by a stated date
  • Direct payment to the suppliers
  • Purchase order from potential customer
  • Bank details of the suppliers ( company pays directly to the suppliers)
  • Proforma invoice
  • Instruction to the company by the client to pay suppliers of the product

Collateral requirement

  • Letter of undertaking from the buyer addressed to the company undertaking to pay direct to Red Sphere by a stated date
  • Immovable assets