ABOUT US
Bellatrix SME Finance is a Namibian registered and licensed financial service provider offering bridging finance facilities (Loans) to Micro, Small and Medium-sized Enterprises (SMEs) with supply contracts or purchase orders from central government, local government (regional and town councils), state-owned companies and reputable private companies
OUR PRODUCTS
Our Purchase Order Finance provides funds to SME with Purchase Order or supply contract to supply goods or complete a project. SMEs can use the facility to buy material, to pay for transport and labor.
OUR PROCESS
We will take the journey with you to complete your purchase order transaction on time and on budget. Our team will process your loan application timeously. Focus on your technical strength, leave the financing part to us.
Bellatrix SME Finance (PTY) Ltd is a subsidiary of Bellatrix Capital (PTY) Ltd which is 100% owned and managed by Namibians. Bellatrix is the name of the third brightest star in the castellation of Orion in the night sky. The name echoed Bellatrix’s mission of becoming the nation’s largest and preferred financial service provider for SMEs.
Purchase Order Finance
Bellatrix SME Finance provides funding to SMEs with Purchase Orders or supply contracts to supply goods or complete a project. SMEs can use the facility to buy materials, to pay for transport and labor.
Application Process
- 1SME applies for Purchase Order Financing from Bellatrix SME Finance.
- 2SME, Bellatrix and the Buyer/Purchase Order Issuer(off-taker) to sign a cession agreement cession for the project payments to be made into Bellatrix’s bank account.
- 3SME signs a contract with Bellatrix to acknowledge receipt of loan facility.
- 4Bellatrix pays the SME’s suppliers to deliver goods or material required for the project.
- 5Purchase Order Issuer pays progress payments/project proceeds to Bellatrix Capital upon project completion.
- 6Bellatrix deducts principal amount and interest and pays net amount to SME.
Invoice Discounting
The process involves buying outstanding invoices at a discount from SME, pays the SME
immediately and collects payment from the debtors when the invoices are due. Invoices can be discounted at 10% over a maximum period of 30 days or 15% over a period of 60 days
Facility Conditions
Products or service must be delivered before processing the facility.
Debtor must be happy with products or services.
Debtor must be Central Government, Regional Councils, Local Authorities (town councils/municipalities), State-owned Enterprises (SOEs) or a Reputable Private Company.
Invoice must be issued.
Maximum Loan repayment period of 60 days (2 months).
Loan facility can cover up to 90% of invoice value.
Cession Agreement (invoiced amount to be paid into Bellatrix’s bank account).
Application Process
- 1SME submits invoice after supplying material or rendering a service.
- 2SME applies for invoice discounting facility with Bellatrix.
- 3SME, Bellatrix and the Debtor to sign a cession agreement for the invoice amount to be paid into Bellatrix’s bank account.
- 4SME signs a contract with Bellatrix to acknowledge receipt of loan facility.
- 5Bellatrix pays up to 90% of the invoice value to SME.
- 6100% of invoice value paid into Bellatrix’s bank account upon due date.
