How can I turn my customers' post-dated checks into cash?

Through check rediscounting: a lender gives you funds now against post-dated checks your customers have issued to your business. Datung offers it to established wholesalers, distributors and suppliers. Subject to credit approval.

Turn your customers' post-dated checks into cash now, instead of waiting for them to clear.

How it works with Datung

• Your customers pay you with post-dated checks.
• You apply with Datung and present the checks during review.
• We review the checks and the customers who issued them.
• If approved, you receive funds now. The terms, including what happens as each check clears, are set out in your loan documents before you sign.

What we look at

• The checks: who issued them, the banks and the dates
• Your history with the customers who issued them
• Your latest bank statements
• What our credit officer sees at the business visit

What you need to apply

To apply for a business loan, you need 1 valid ID and your last 3 months of bank or GCash statements.

Business loan pre-approval is usually within about 1 hour of complete documents, during business hours. This is an aim, not a guarantee.

Questions

Do the checks have to be from my customers?

Check rediscounting is for post-dated checks your customers have issued to your business as payment. Tell us about them in your application, and we may ask to see them during review.

Who can apply?

Owners of established businesses in any industry can apply, especially suppliers and distributors who sell to small businesses on terms.

How much does check rediscounting cost?

The interest rate and all charges are disclosed in full before you sign. Datung never asks for any fee or payment before your loan is released.

Dark Knight Lending, Inc. (DBA Datung) is a subsidiary of Datung Pte. Ltd., Singapore. SEC Reg. No. 2024070157507-01, Certificate of Authority No. 3506. Contact: sales@datung.io · Company facts · Business financing by purpose