Financing Extended Payment Terms

Payables Credit, Inc helps companies establish an addition line of credit used strictly for payables owed to vital suppliers. We are a small boutique finance company that specializes in smaller size companies in comparison to the other supply chain finance companies that require very high annual revenues.

Our line of credit extended to buyers start for as little as $50,000 to $1 million in outstanding payables. The facility must be used for 12 months. Accounts Payable Financing involves having an ongoing communication with suppliers and buyers using technology for quick decisions and up to date status on the payments.

What is Extended Payment Term Financing and how does it working with Payables Credit, Inc.

Extended Term Financing is based on arranging Payables Credit, Inc of paying off the supplier's invoice on the due date and getting an extended net 30 to 60 days more transferring the invoice amount to a note payable made out to Payables Credit, Inc.

THE BUYER'S BENEFITS

Think of it as an additional Line of Credit for Payables

Pay suppliers on time and extend account payable for another 30 to 60 days later.

Keep vital suppliers happy by offering early payment with a discount fee.

Increase efficiency in paying suppliers.

Complete payables management system.

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What kind of companies/buyers qualify for Extended Payment Terms?

USA based company Buyer only, supplier can be from anywhere in the world so long as they accept Wire Transfers in USD.

Company must be generating a minimum of $500,000 per month in revenues. We can establish a credit line of 25% of the average revenues for the last 6 months.

Company must be credit worthy, insurable and have a strong D & B Rating.

Financials for review will be required.

Company must have a minimum of 6 (six) previous transactions with the supplier with no charge backs, or substantial deductions pending.

What are some of the conditions in the agreement or prior to funding a transaction?

Must use the electronic platform for documentation submission and communications.

12 month renewal term with minimum usage fee of $1000.00 per month per month.

All Payments to Payables Credit, Inc shall be made with no offsets related to the invoice.

The product or service must be delivered and received by the buyer. Standard documents will be required for proof of delivery. We cannot payoff any invoice on the that has not been delivered in products, services or have not transferred title to buyer on overseas orders.

No pre-funding on orders or deposits.

A $150.00 due diligence fee for each supplier shall be sent from supplier's checking account that is on the request for receiving wires. This is part of our due diligence process and validating the routing numbers and account numbers with their bank. it also includes setting their account up and testing for documents and email notifications.

$190,000

$50,000

Financing Extended Payment Terms

What is Extended Payment Term Financing and how does it working with Payables Credit, Inc.

THE BUYER'S BENEFITS

What kind of companies/buyers qualify for Extended Payment Terms?

What are some of the conditions in the agreement or prior to funding a transaction?