What is a credit stretch?
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Get cash today without going into a bank or revealing your financial information. We help growing B2B SMEs in Green Energy, Construction, Real Estate, Logistics, and more.
The credit stretch is a business tool that gives growth companies fast access to money they need from unpaid invoices.
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You’ll get an immediate answer upon application. Just upload an invoice. No phone call. No going into a bank. No financial interrogation. And it won’t affect your credit rating.
We only take 3% of the invoice for covering your risk of not getting paid by your customer.
We pay you 80% - 3% = 77% immediately.
Your customer pays you the remaining 20% on normal terms.
They pay us back after 60 or 90 days.
Now, if there’s a guarantee issue, your customer can only point out issues with 20% of the work you’ve delivered.
No hidden costs. No unexpected additional fees. Payments, credit rating, and credit insurance all included in the price. APR / ÅOP 19-22,5%
No hidden fees. No credit check. Immediate payment.
(Equal to 3% of total invoice amount)
We currently only service invoices between two Danish companies. If you're selling to or buying from a foreign company, or you're based outside of Denmark, we're currently working on a solution for you. Please click below to find out more.
No. And we only care about credit checking the part that receives the invoice. It won’t affect your credit rating when you make a credit stretch.
No, we simplified the process. There’s no financial interrogation involved and you don’t have to show your accounts. Just upload an invoice and we'll give you a quick answer.
No. Unlike other finance providers, Fellow Pay benefits the buyer and seller at the same time. The buyer can now get 60 days extra to pay while the supplier gets paid now. The supplier will be paid for most of the invoice, solving both of your problems at the same time. It's win/win.
Most finance providers can’t service smaller, less creditworthy SMEs. But we can. If the invoice receiver is creditworthy, we will finance them and give the invoice issuer 60 days to pay.
We only credit check the invoice receiver. We don’t even look at the invoice issuer. If the invoice receiver isn't creditworthy you could try an invoice from another customer.
Customers are making the switch to the credit stretch every day. Here's a small selection of what they're saying about us.
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Here's a little taste of what our customers have been saying about us.
Creating an account takes just a couple of minutes. Then you can immediately submit an invoice and get an answer within seconds.
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