Biashara Factors Company Limited

Biashara Factors Company Limited

Kenya Gatsby Trust has established a new institution, a company led by shares for its fast growing factoring financial product that will offer service to smallscale producers and micro small and medium enterprises (MSMEs).

The company known as Biashara Factors Limited will intervene to support the existing clientele and other MSMEs access and sustain markets hence promoting their growth.

Factoring is a form of business financing that allows you to sell your accounts receivable in exchange for immediate cash. This provides you with the financing you need and capitalizes on your strongest asset - your receivables form strong credit worthy customers.

The receivables factoring process is very simple and works as follows:
Your company delivers the goods or services to the customer.
An invoice is generated and sent to the client and the factoring company.
The factoring company advances you between 70% and 95% of the gross value of the invoice. This is your 1st installment.
Once the factoring company receives payment from your customer, the remaining funds are advanced as your 2nd installment (less a small fee)

As opposed to a business loan or line of credit, accounts receivable factoring is easy to obtain and can be set up in about a week. The biggest requirement is that your company do business with reputable commercial (or government) customers.

Contacts:

Biashara Factors Company Limited

Eclof House, Plot No. 47, Rhapta Road, Westlands

Tel: No. +254 020 2391444, 4440137

Email: info@kenyagatsby.org