Factoring

Improve your cash flow with factoring

CASH-FLOW EASING

FACTORING

Boost your cash-flow without impairing your growth!

When you need help to access your working capital, look no further than factoring. It eases your company's access to cash beyond its own equity based on your customer's credit rating. Many companies need additional cash flow to support seasonal demands, growth, and more. Every company is unique and you deserve something tailored to your needs – and that's exactly what CIM Financial Services Ltd provides.

Cim Finance provides you with solutions that help you access the cash needed to support your business growth and save on administrative expenses. Our funding experts can discuss options with you and guide you to the best solution!

Your goal is within reach.Afford it today?

Apply Now

Submit relevant documents
If your file is approved, our representative contacts you to set up the facility
Send a copy of your credit invoices to Cim Finance and receive your advance within 24 hours following the submission of your invoices

Ease your cash flow by taking advantage of our financing services of up to 90% of the invoice
A dedicated team to advise you and keep track of your debtors' position as well as providing a professional collection service and complete sales ledger administration.
No additional security required
Credit Cover to protect your company against customers' insolvency
Real-time access to your factoring account

Business Registration Card
Valid Trade licence
VAT Certificate
Proof of address of the business
Certificate of incorporation
Bank statements for last 6 months
Audited accounts for last 3 years
List of debtors
Consent of Directors
Constitution or Memorandum & Articles of Association
Copies of identity cards and recent address of directors
The above list is not exhaustive and other documents can be requested if needed

We help manage sales ledger and credit control processes
We provide a guarantee against the risk of customers' insolvency through credit insurance
A dedicated professional team for collection services
Financing within 24 hours
No floating charge or additional security
Financing of up to 90% of the amount of the invoice

1. Have been in operations in Mauritius for at least one year and be duly registered with the Registrar of Companies.

2. Sell to other companies (B2B).

3. Holding a valid BRN.

4. Payment terms to debtors shall not exceed 90 days.

5. Invoices assigned should relate to goods already delivered and services already effected.

6. Invoices assigned should not relate to goods sold on consignment.

7. Inter companies transactions are excluded from the factoring agreement.

8. Cim Financial Services Ltd reserves the right not to finance an invoice.

9. Downpayment invoices shall not be financed.

10. All debtors that are also suppliers of the factoring customer shall be disclosed at time of application and during the factoring agreement.

11. The client shall inform and get clearance from Cim Financial Services shall he wish to enter into a factoring agreement with another factoring company during the course of the agreement.

12. The approved debtor shall not be financed or given as security to any other financial institution during the course of the agreement since it is the property of Cim Financial Services Ltd.

13. All invoices for a specific debtor shall be assigned to Cim Financial Services Ltd.

14. Must not be in business activities that are prohibited by local laws where the business is conducted.