Get Instant Access to Cash for Your Business
Invoice Financing
Unlock immediate access to cash with our invoice finance service. By purchasing your unpaid
invoices, we provide the funds you need right away, allowing your business to grow without the
wait. Say goodbye to cash flow problems and focus on what matters most – expanding your
business. Our service is quick, reliable, and tailored to meet your financial needs.
Find out if you qualify for
our Invoice Financing
How our Invoice Discounting Works
We simplify the entire invoice finance process to make it easy for
you to secure the cash you need.
you to secure the cash you need.
STEP 1:
Simple invoice finance application
First, answer a few simple questions to see if we’re the right fit for you. Second, provide basic business and personal information effortlessly supported by automation. Finally, tell us about the deal so we can prepare to provide you with invoice discounting.
STEP 2:
Smart Invoice finance approval
Using cutting-edge automation and state of the art credit qualifications, we strive to make every invoice discounting deal work through careful assessment, even when other funding firms can’t. Our friendly consultants will make sure you understand everything and help you with every step of the way without hidden fees or costs.
STEP 3:
Seamless invoice finance advance
Once your invoice finance is approved, My Sentra will pay you a portion of the invoice value. We’ll keep track of the expected payment date and follow-up with your client when needed. We’ll let you know once the invoice has been paid and take our original advance plus any interest due to us. You’ll keep the rest to grow your business.
Grow with our invoice finance
Like us, you’re targeting growth, By building a lasting partnership we can grow together,
Start growing your business today with your invoice discounting partner of choice.
Start growing your business today with your invoice discounting partner of choice.
Ready to secure easy invoice discounting funding?
FAQs About our Invoice Discounting
We've answered the most common questions about our invoice financing.
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What is Invoice Financing
Invoice financing is a form of financial service that enables businesses to obtain immediate cash flow by leveraging their outstanding invoices. Rather than waiting for clients to pay invoices, which could take weeks or months, a company can sell or utilise these invoices to secure funding from a financial institution or invoice finance provider. -
What are other names for Invoice Discounting?
Invoice discounting is also known as invoice finance, invoice factoring, invoice funding, and accounts receivable financing.
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How does Invoice Discounting differ from Invoice Factoring?
While both services advance cash based on unpaid invoices, invoice discounting provides funding secured by an unpaid invoice which remains the ownership of the business receiving funding. Invoice factoring involves the funder purchasing the ownership of the invoice from the business receiving funding at a discounted price.
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Is there a difference between Invoice Discounting and Invoice Finance?
No, invoice discounting is a form of invoice finance. Both terms refer to the process of advancing cash based on outstanding invoices, but invoice discounting specifically keeps the business in control of customer relationships and collections.
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What are the benefits of Invoice Financing?
Invoice financing offers several benefits, including improved cash flow, the ability to take on more significant projects, reduced reliance on traditional loans, and quicker access to funds than waiting for customer payments.
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How quickly can I access funds through Invoice Funding?
With GoSentra's invoice funding, businesses can access funds as quickly as 24 hours after submitting their invoices, providing a fast and efficient solution for cash flow management.
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Who can use Invoice Discounting?
Invoice discounting is suitable for businesses of all sizes that issue invoices to customers on credit terms. It's particularly beneficial for businesses experiencing growth or dealing with long payment cycles.
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What costs are associated with Invoice Financing?
The costs of invoice financing vary depending on the provider and specific agreement terms. Generally, there are service fees and interest charges based on the advanced amount and the time taken for the invoice to be paid. With GoSentra, there are no service fees. Interest is charged on the capital advanced.
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How do I apply for Invoice Discounting with Gosentra?
Applying for invoice discounting with Gosentra straightforward. Fill out our online application form, provide necessary details about your invoices, and receive a decision quickly to access the funds you need.
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What documents are needed to apply for Invoice Funding with Gosentra?
To apply for invoice funding with Gosentra, you typically need to provide copies of your outstanding invoices, proof of delivery or services rendered, and basic business information. Our team will guide you through the documentation process.
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What type of invoices can be discounted by Gosentra?
If the invoice is valid, legitimate, and over R320,000, GoSentra could be the funder for you. Remember, there should also be sufficient evidence that the purchaser is able to pay for the work completed in full and on time.
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Can I use Invoice Discounting if I have existing loans?
Yes, invoice discounting can be used alongside existing loans. It provides an additional cash flow solution without affecting your current loan agreements.
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How does GoSentra support businesses with Invoice Discounting?
GoSentra offers tailored invoice discounting solutions to meet your specific needs. We provide fast access to funds, maintain your customer relationships, and offer competitive rates to help you manage cash flow effectively.
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Why should I choose GoSentra for Invoice Finance?
GoSentra stands out for its personalised service, quick funding turnaround, and expertise in financial solutions. Our team works closely with you to understand your business needs and provides customised invoice finance options to support your growth.