Supplier credit is the credit granted by suppliers to the company, allowing it to pay for its Purchases several days, weeks or in some countries, even several months, after receiving the invoice. Procuring goods (local or foreign) made super easy via our platform at NO UPFRONT FEES - Risk Free !!
Our digital platform provides small and medium retailers immediate access to an extensive range of products, clear visibility on pricing, and a highly reliable quality of service to help them optimally manage their businesses - extending our product offering to Ghanaian retailers and further grow our loan book and margins.
FEATURES
• Time in Business - Registered & Operating for at least 3 months
• Commercial Trade tracking history
• $5K up to $85MM Credit Facility (Ghana Cedi Equivalent - All repayments for Ghana-registered businesses are in Ghana Cedis Only)
• Set up in 3 to 5 working days after (credit insurance) approval
• Pre-Approved Credit Insurance qualification - Optional
• Term 12 months with annual renewal
• Applicant and must be credit insurable
• Loan to Value: from 60% - 100%
• Competitive financial rates
• Ghana, UK and Selected Global Locations
Your registered business in Ghana can have customers anywhere in Ghana, but your primary business location (registered office or trading address) must be in any of the following locations (for post-application pre-approval in-person verification purposes):
- Anywhere in the Greater Accra Region
- Koforidua & Immediate Environs
The DCANS Group Limited provides this services in the UK across anywhere in England & Wales only via SuppliersCredit.co.uk (Corporate Sibling)
• Mult-Product Categories, including:
- Automobile & Auto Parts
- Computers & Phones
- Energy Products
- Fashion & Beauty Products
- Home & Kitchen Appliances
- Plastic Products
- Wood Products
- Building Materials & Supplies
- Healthcare & Pharma
- Groceries & Farm Produce
- Educational & Office
REQUIREMENTS
This B2B platform is obviously targeted at Registered and Operating Businesses in Ghana Only, who must meet basic requirements: Proof of Business Registration, Business Bank Account (and Business Bank Statement), Tax Clearance Certificate, Professional Business Website.
• Client’s last 2 years Financial Statements (Audited if Available)
• Client’s most recent Interim Financial Statement (YTD)
• Accounts Receivables Details and Aging (30, 60, 90+)
• Accounts Payables Details and Aging (30, 60, 90+)
• Business Registration Documents, and where applicable Articles of Incorporation
• Principal’s ID Number
• List of clients and the payment terms granted
• Payment history with suppliers/clients
• Financial Projections
• Professional Business Website - This service is integrated into the GhanaStartups.org platform (Corporate Sibling & Part of The DCANS Group Limited) if you host your business website
Registered and Operating Businesses older than five (5) years can host their professional business website anywhere they want.
However, businesses younger than five(5) years can only use this supplier' credit platform by being existing webhosting customers of GhanaStartups.org in line with our risk management policies (business profiling requirements).
BENEFITS & ADVANTAGES
We guarantee awesome stress-free product delivery for qualified and approved registered businesses, in addition to the following benefits:
• Take advantage of discounted pricing
• Improve payment terms
• Grow within a stable working capital cycle Improve margins enhancing EBITDA
• Enhance debt positions with no impact to bank debt ratios - no obligated for UCC principal position
• Early payment discounts
• Improves business relation with supplier
• Provides pre and post shipping finance
• Finance domestic and international sales order from over $5,000 in value for local (minimum of $25,000 for imports)
• Provide liquidity to purchase up to 100% of domestic and international of sales orders on your behalf
• Participates in all trade market industries
•Trade financing duration 30, 60, 90 up to 12 months (up to 60 months in some circumstances)
• Our process is completed 100% automated through our techbase platform
• Credit insurance pre-approval (optional)
NON-QUALIFIED
Unregistered businesses are automatically disqualified from using our services. The following category of users are also disqualified from using this platform:
• Businesses with bankruptcy
• Businesses that have tax liens and no payment plan in place
• Businesses non-credit-insurable
• Businesses that sell to small non‐credit worthy clients or non‐commercial accounts
• Businesses that sell with contingent clauses, ongoing chargebacks, or recurring dilution
• Businesses that sell once a year to a customer, has non‐recurring business with accounts, or has cross‐aged aging of receivables
• Businesses that do not have purchase orders or work authorization by account debtor
HOW TO APPLY
Once you meet our requirements, you simply apply via a free online form (attaching all supporting documents) - We don't have any paper forms.
RELATED PAGES