What is Pre-Financing?

It is a short-term loan based on your outstanding customer invoices. The invoices act as a proof of expected future cash-flows, and determine the amount and duration you may request financing for. Your customer is not contacted or informed at any time. You can set the repayment date to any day within 30 days after the due date of the invoice provided.  On the repayment date, it is up to you to transfer the money to Advanon’s account. The risk remains with your company and it is your responsibility to repay on time. The prerequisite for using Pre-Financing is at least a credit rating D (on our scale from A to E)

Updated on May 13, 2019

Was this article helpful?

Related Articles