Fund The People’s own Invoice Discounting Solutions assess accepted unpaid invoices tied to qualifying government or municipal tenders in South Africa. Eligibility depends on the legal debtor, completed work, current unpaid balance and applicant records. Private corporate and consumer invoices are not eligible.
An invoice alone does not prove eligibility. It must agree with the underlying order or contract, delivery evidence and amount the customer acknowledges as payable.
Fund The People provides funding approval within 48 hours for complete qualifying applications. This is the approval decision; funds release follows completed verification, signed terms and the agreed payment arrangements.
Can Invoice Discounting Solutions Be Considered Without Property Collateral?
An invoice-discounting assessment may focus on a specific eligible receivable and the quality of the debtor rather than requiring the applicant to own property. That does not mean every arrangement is unsecured or that approval is automatic. The written agreement may include a cession of the receivable, recourse, surety, payment controls or other obligations.
Ask which party supplies the funds, what security applies, who carries the risk if the debtor does not pay and how the customer payment settles the facility. Review the final agreement rather than relying on the phrase “no collateral.” For an eligible invoice linked to a deal value of at least R250,000 and more, discuss the specific structure through our Invoice Discounting Solutions.
The work must be complete and invoiceable
Provide the order, contract or milestone terms together with signed delivery notes, completion certificates or other acceptance records. Future work, unapproved variations and conditional milestones do not yet create the same receivable.
The debtor must be identifiable
Use the customer’s correct legal name and an official finance or procurement contact. The provider may assess the debtor’s payment record, sector, concentration and ability to verify the specific invoice. A well-known customer does not cure a disputed delivery.
The amount must be outstanding
Disclose deposits, credit notes, retentions, set-off rights and partial payments. The eligible amount may be lower than the invoice face value. State the contractual due date and any reason the customer might reduce payment.
Existing rights must be clear
List overdrafts, debtor-book facilities, cessions and earlier advances that could affect the receivable. The same invoice cannot safely support competing funding claims. Obtain the required consent or release where another agreement applies.
The documents must agree
Check registration details, VAT treatment, banking information, invoice references and values across the file. Explain legitimate differences rather than submitting several conflicting versions. Verify bank-account changes independently.
Eligibility questions
Can a consumer invoice qualify?
Fund The People assesses qualifying government and municipal tender-linked invoices. Consumer and private corporate invoices are not eligible. Confirm the purchaser named on the original order, contract and accepted invoice.
Can an overdue invoice qualify?
Age, dispute status and collection history affect assessment. Disclose the full position instead of changing the invoice date.
Does eligibility mean approval?
No. A transaction that meets initial criteria still requires verification, an offer and accepted terms.
Identify the government or municipal debtor
Use our government, SOE and municipal issuer guides to identify the actual purchaser. A health-sector invoice may name a national or provincial department; a rail-sector invoice may name PRASA or Transnet. The legal debtor and transaction still require our team’s eligibility assessment.
Prepare the eligibility file
For an eligible invoice linked to a deal value of at least R250,000 and more, submit the invoice, underlying order, delivery evidence, debtor contact and existing cession information through our Invoice Discounting Solutions.