CreditLine is a flexible credit facility that uses your business' accounts receivable as collateral, allowing you to access funds quickly. After setup and approval, you're given a credit limit based on the value of your outstanding invoices.
You can draw funds as needed, paying interest only on the amount you use, which provides flexibility in managing cash flow.
No lock-in agreements. No trust account. No monthly reconciliation. No submitting invoices.
Your receivables grow? So does your credit line giving you access to additional capital. You’re worried about non-transparent pricing? We charge a facility fee from 1% and an arrangement fee of 1-3.5%. Other than that, you exclusively pay for what you draw. You’d rather spend your time growing your business than having reconciliation with us or submitting invoices? We value that and don’t require reconciliation. And, as long as you use an accounting software our engine can access, we can automatically draw invoices via API.
In the first step, we ingest your debtor-data into our engine – either via API (if we support your accounting software) or upload. Our engine confirms if the data is valid, checks it against our eligibility criteria and structures it into “eligible” and “non eligible”. After that, it automatically sets the credit limit through our proprietary limit system and insures it with a double-wrap insurance by our partner Allianz. Now your CreditLine is up-to-date and matches the current value of your receivables. This process can be repeated daily, providing your business with financial flexibility while minimising administrative efforts.
Get in touch with our team via email, phone or right here.
Provide us with access to your cloud accounting and debtor book.
We assess your current situation and make you an offer.
Your CreditLine is all set up and ready for access.
Our product is intended for general corporate purposes. Whether you use it to onboard new clients, extend payment terms for existing clients or buy new machinery, it is entirely up to you. We do not pose any restrictions for the use of the financing.
Apply online through our convenient 4 step process. Our team is always ready to support. After your online application is completed, we will be in touch with you personally to walk through our checklist and complete the onboarding process. Visit our process page for more information.
Whenever you upload your accounts receivables book into the Tradeplus24 platform, we will determine which ones meet the eligibility criteria, which also means they can be used as collateral for financing.
To maintain continuity in our service, we require a weekly update on the status of your accounts receivables. You can do this through an automated link with your accounting software, or manually in your personal online dashboard. This will only take you a couple of minutes of time each week.
We expect the standard process to take approximately between 1 and 2 weeks .
We offer a B2B service, which means that we are not regulated by the standard bodies that protect consumers in financial services. However, we comply with all required (inter)national data protection laws such as the GDPR, are registered with the FCA as an Annex 1 financial company and only work with highly accredited partners to ensure a safe and reliable service.