We provide short-term working capital to SMEs.
With smaller and mid-sized SMEs. FACTS is not a micro-finance institution.
We specialize in Supply Chain Finance (“SCF”). That means we help companies balance their payables and receivables. Supply Chain Finance stands for a range of financing products that always comprise 3 parties: Supplier | Buyer | Financier. We provide Supplier Finance solutions to Buyers that need to pay their Suppliers cash-on-delivery but are strapped for funds. And we offer Invoice Finance solutions to Sellers that want to ‘factor’ or ‘discount’ their sales invoices (rather than waiting 60-90 days to get paid).
Yes you can. FACTS does (in principle) not rely on physical collateral. The security that we would need are your accounts receivables. And in certain cases, we ask you to build up a % of the credit limit as a security deposit – we will explain how this works in our initial discussions.
No. We have many partners who specialize in providing long term finance or capital. But FACTS only specializes in Supply Chain Finance.
Almost all of us are ex-Bankers. We share a believe and passion that new avenues must be found to provide SMEs with the Access to Finance required to reach their full potential.
We finance business in the Agribusiness, Manufacturing, Healthcare and Services sectors; where their trade terms are unmatched.
No. Companies that are starting-up need to complete a Proof of Concept phase before external financiers become involved. FACTS will work with you if you have a 2-3 year successful track record.
In Kenya, our credit limits range from KES 3 mln to 30 mln. In Uganda the range is UGX 100 to 600 mln.
Our interest rates are 2.5% per month calculated over the exact number of days that your credit is outstanding. In addition we charge a fee over each invoice that we process and finance.
Click the Apply Now button in the upper right corner, check your eligibility and we will reach out to you.
We work very fast and can obtain credit approval within 2 weeks. But the turn-around-time largely depends on how quickly you can provide us with the information, financial statements and documents that we need. Our document checklist is attached to the Application Form as an Annex.
FACTS is active in Kenya and Uganda. We are in preparations to start operations in Tanzania as well.