Contract Credit offers trade payable financing as a financing solution in order to enable a company (buyer) to extend payment terms to its suppliers. For this, a financing company is needed. Contract Credit will pay the suppliers directly on behalf of the company and collects from that company later when agreed. It is a simple way to ease cash flow issues by financing for a purchase over a longer period of time or simply at an advanced rate.
If your company buys goods or is a manufacturing or distribution company, you can greatly benefit from using trade payable financing to keep a good cash flow while maintaining inventory and purchases and making it a smooth process.
In simple words, trade payable financing works by allowing Contract Credit to pay your supplier directly or give you money back for payments your company has already made.
Take advantage of our trade payable program and pay your suppliers using our money! Here are some more benefits:
Contract Credit can accommodate creditworthy buyers with a new financial service that provides additional working capital to pay suppliers.
Up To $10 Million Credit Limit - $100k Minimum Spend.
We offer you a simple financial solution for which you have to fill out minimal paperwork and approval takes between 3 to 5 days. List requirements is short and easy to understand. Contract Credit values you as client and your time, this is the reason why we invest so much time and effort in making this a simple process, unlike many other of our supply chain finance competitors.
Once we have received the 1-page application from you, we then set up an account where you can provide us with a list of the vendors and invoices to pay, we then pay the suppliers. It is that simple! Contract Credit is not the first company to offer this type of service, however we believe we have the most user friendly system out there and can get you the highest buyer rebates.