The Proof of funds shall be in the form of a bank security, or custody statement and basically funds are moved and liened in the customer’s account for a particular period of time usually between 30 to 45 days and a particular interest rate is charged upfront per month for the duration of the facility.
Phoenix Treasury Ltd provides short term credit facilities to employees of companies that enter into a Memorandum of Understanding (MOU) for payroll deduction.
We offer superior service with a short turn-around time. The process is simple, and funds are disbursed within 24hours of receipt of complete documentation.
This facility is a security backed loan that is open to all Small and Medium Enterprises that are duly incorporated and have evidence of servicing reputable companies.
This loan is categorized into three and they include;
- Order Financing
- Invoice Discounting
- Term Loans
