How does the credit limit work at Finqle?

At Finqle, we offer fast payments.
We do this through American Factoring. In short: we buy invoices for a factoring fee and pay them out the same business day.

This ensures a healthy cash flow, as there’s no longer a need to wait a month for payments.

Before we offer our factoring services, we establish a credit limit for each customer. We take several variables into account, such as annual financial statements and payment history.

Extra security for all parties

“To offer fast payments, it’s important to minimize risks. The credit limit provides both the client and Finqle with stability and security.” – Mick Visbeek – Account Manager

Payment term & credit availability

The credit availability is linked to the payment of invoices. The sooner an invoice is paid, the sooner credit becomes available again.

It's like a bucket of water that can be emptied. The water is the outstanding amount, and the bucket is the credit availability. When the bucket is full, payments need to be made to create more credit room. The faster the payment, the sooner credit space becomes available.

How do I get more credit space?

Tip 1: Start by requesting an increase in the credit limit. The possibilities for increasing credit availability vary. Contact us, and we’ll be happy to look into the options.

Tip 2: Shorten the payment term. The shorter the payment term, the sooner credit becomes available again.

Tip 3: Ensure a good payment history. As we mentioned earlier, we minimize our risks with a credit limit. A positive payment history can positively influence your available credit.