BUY NOW PAY SUPPLIERS LATER
This program offers extended payment terms for businesses looking to purchase supplies. Instead of the typical 30-day net terms, you can pay your suppliers upfront with a credit line from the lender, and then have up to 120 days to repay the lender. This can improve cash flow and help with business growth. Key benefits include flexible payment options, credit limits of up to $3 million, and competitive rates. To be eligible, your company must be US-based, operating for at least 2 years with over $500,000 in annual sales, and positive net worth. The approval process is quick, requiring financial statements, bank statements, and basic company information. If approved, you’ll pay a monthly interest rate and transaction fee, with a hold placed on a portion of the invoice amount until repayment.
Buy Now Pay Later | Up to 120-Day Term
Need Longer Than 30 Day Payment Terms For Consumables Purchases?
Why Choose our up to 120-Day Unsecured Credit Line Plan?
Unlock Growth
Elevate your borrowing power now with the industry's highest limit and most competitive rates for an unsecured credit line
Flexible Payments
Lender pays your domestic and international suppliers. You pay the lender up to 120 later.
Larger Limits
Credit limits up to $3 million USD
Fast & Simple
Get Funded in 48 hours
Lower Pricing
Beat comparable offers
Flex Payment Options
No prepayment penalties
How The Up to 120-day Unsecured Credit Line Works
Payable Finance Can Help You Achieve Your Business Financial Goals.
STEP #1
Select a business domestic or international invoice that terms are needed for and share a copy of the invoice along with supporting documents with the Lender.
STEP #2
The Lender collects a 20% margin based on the invoice amount and pays 100% to the Supplier after the invoice has been approved.
STEP #3
Your business pays back the 80%, plus associated fees within the approved credit terms, which can be up to 120 days.
Up to 120-Day Unsecured Credit Line Overview:
US Buyer Finance (Payable Finance)
Payable finance for US-based buyers. Helping buyers by paying their supplier invoices while the buyer pays the Lender later.
Eligibility:
To ensure a high approval rate, the final decision is always at the Lender’s Credit Team’s discretion.
- The business entity operating in the USA/Canada for a minimum of 2 years.
- Minimum annual sales of $2,000,000 and a positive net worth
- Products should not include weaponry, jewelry, or any high-risk items.
- The Lender does not fund any related party transactions.
Documentation:
- For credit evaluation, the following information/documents are necessary (Additional details may be required)
Financial Information:
- 2023 Year-End Financials (Balance sheet and Income statement)
- 2022 Year-End Financials (Balance sheet and Income statement)
- Monthly bank statements for the last 12 months
Non-financial Information:
- Authorized signatory details (Name, Email, Designation, and Phone Number)
- Ownership percentage of the signatory
- Certificate of Incorporation
Once the Lender receives the above documents via its online portal, we will conduct an underwriting process and let the channel partner/client know about the credit limit and other financing terms.
Credit Limit:
- Once a client meets all the eligibility criteria and upon review of the documentation, the Lender typically offers Payable finance in the range of $50k to $3M.
Commercials:
- The Lender usually charges a monthly interest rate of 1.3% to 1.8% along with a transaction fee and offers credit terms of up to 120 days.
Financing:
- Buyer shares soft copies of the invoice & a supporting document.
- The Lender collects a 20% margin from the buyer and pays 100% to the Supplier after the invoice approval.
- The buyer pays the Lender back 80%, plus associated fees within the approved credit terms.
Unlock The Power Of Consumables Finance
Buy Now Pay Later | Up to 120-Day Terms
Schedule consumable purchases and payments on your terms, not the suppliers'.
Revolving Line of Credit
Control your consumable purchases with scheduled payments, not by supplier demands.
Trade Finance
Stay Stocked on Consumables, Your Way! Pay when business cashflow allows.
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