How are we able to charge a fixed rate of 3.75%, regardless of company size, regardless of the credit rating of the invoice issuer and regardless of industry?
There are three reasons.
1) We simplified and automated the old way
Financing of invoices has been around for thousands of years. But it’s changed very little during that time. It involves lots of manual work, with multiple employees checking records and making decisions on whether to give you the money or not. This makes it slow and expensive.
A credit stretch is different because the process is simplified and automated. Which means its faster and cheaper, so we’re able to pass those savings on to you.
2) We only credit check the invoice receiver
We only care about the credit rating of the invoice receiver. When you apply for a credit stretch we’ll credit check the invoice receiver. If the check is positive, we’ll be able to finance you, regardless of your company size or your credit rating.
3) You can do a credit stretch with a single invoice
Most finance companies want you to sell all of your invoices to them. There’s more risk for you. And less risk to them. We don’t think that’s fair.
Instead, you can do a credit stretch on single invoices. Giving you the flexibility to use it as best fits your needs.
With a credit stretch, you will have a lot less risk than with other finance products.
That’s why we’re able to charge a fixed rate of 3.75%, regardless of company size, regardless of the credit rating of the invoice issuer and regardless of industry.