Muno Purchase Order Finance is suited for when you need funding to purchase the full quantity of finished goods to ensure complete and timeous delivery of orders.
Immediately after submitting your application, you will be required to send the following documents and information; therefore, please have everything ready so that your application can be processed quickly:
From your client, we will need:
1. The official purchase order (which also indicates how long after delivery your client will make payment). Please note that unofficial, illegible or handwritten purchase orders won’t be accepted
2. All the contact details of the contact person at their procurement office
From your supplier(s), we will need:
1. The quote(s) for the cost of materials or goods that you will be supplying (if you are applying to fund only some of the costs of the purchase order, then you will also need to submit proof that the other costs have been paid for)
From you, we will need:
1. Proof of previous work done with the client in the past 12 months (this must include the purchase orders; delivery notes; and invoices)
2. Your company bank statements for the past 12 months
3. All your business documents:
a. Company registration documents
b. Bank account confirmation letter
c. Business proof of address (not older than 3 months)
d. Certificate of Essential Services Provider
e. Tax clearance
4. The director’s documents:
a. Recently certified copy of I.D (not older than 3 months)
b. Recent proof of residence (not older than 3 months)
c. A declaration of directors and shareholding
Please note that we highly recommend that you send all of the above-mentioned items all at once and in order, so that your application can be processed efficiently and quickly.
