It is the overall quality of your business current financial status and your customers credit quality that is used for the overall credit assessment. With this, a business with a not so strong credit score but with customers that shows very strong financial strengths can be approved.
This is required for a preliminary approval:
- Your business has a reasonably sound credit score
- Invoices are due in more than seven (7) days
- Your customers are Limited companies with a certain credit quality. (Invoices to consumers are not valid).
- You have invoices of the size 3000 SEK or more (invoices below a value of 3000 SEK are not valid, contact us for a special solution if you want to discount a large volume of small invoices)
The amount that can be advanced on an invoice or your full accounts receivables are in the range of 50-100%.