Steps For PO funding
Our Process
Secure your purchase orders with flexible funding solutions. Our PO funding services provide you with the financial support needed to fulfill large orders without straining your cash flow. Focus on your business growth while we handle the financial complexities.
Document Submission
Client to provide the following documents:
- Official Purchase Order from a South African entity.
- Company registration documents.
- Certified ID copy of the director.
- Proof of the director's address.
- Current CSD
- Registration report if end user is a state owned entity (dated after the PO issuance).
- Bank confirmation letter for the account on the CSD Registration report.
- Company’s Tax
- Compliance Pin.
Due Diligence
Medmart conducts a due diligence process upon receiving the required documents.
Quotation
After verification, Medmart provides a tailored quotation, including credit terms allowing payment within 30 business days post-delivery to the end user.
Drafting of Agreements
Sign a Memorandum of Understanding (MoU) and a Deed of Suretyship, outlining the terms of the transaction and ensuring debt responsibility.
Nomination of Director
A Medmart representative is appointed as a director of the client’s company, with authorization rights on the company’s bank account.
Product Delivery
Medmart completes the delivery of the ordered products to the end user.
