Credit Limit Review Application

Use this application form to request an increase to your load or credit limit

What is the credit review process?

All members on load limits must now submit additional information for review if they want to increase their load or credit limit. Our Finance Team will then review the information and create tailored terms for increasing the limit which is likely to involve requiring a security deposit or director’s guarantee.

Why is the process necessary?
We want to protect sellers on our platform. This process affords sellers greater financial security in the event that a buyer who still owes outstanding payments suddenly stops trading.

What information do you require?
This is partially dependent on individual business circumstances, but generally we ask for the following details to conduct the review:

• Details of any invoice factoring arrangements.
• Details of director’s assets including house valuation, mortgage, any debt, cash, and any other assets (we recognise that not all companies are in a position to provide this information, so we can still proceed on the review without, but this will remove the possibility of a Director’s Guarantee and increase the likelihood you will be asked to provide a security deposit). 
• Current management accounts.
• Company bank statements covering the past three months.
• Most recent VAT return (if available)