Cheque Cashing Process
If you are due to receive any cheque payments from your vendor, one way is to request the vendor to write the cheque in the name of our company. We will also need to assess the background of the cheque issuer.
Lastly, we will need to get the borrower to sign some agreements, to agree to reimburse the lender should the cheque bounced. Once all these are done, the borrower will receive the money immediately, after deducting handling fee and the interest for this business financing.