Is this a one time loan? Do I have to reapply if I need funds for a different project?
Nope! This is a revolving line which means you can pull from this fund as often as you'd like.
Is this a credit card?
No, CreditSuppliers extends revolving lines of trade credit which is different than a traditional credit line. Most likely you have lines of trade credit with some of your suppliers. The difference is that CreditSuppliers can approve you for a higher credit limit than an individual supplier can and you can use your funds with ANY supplier.
How much does it cost the supplier?
Nothing! They pay no fees to work with us.
How safe is my personal information?
We use industry standard security for all transmissions via the Internet. All information is encrypted using an SSL (https) certificate, provided by an industry leading certificate authority. The data is stored in a secure database server only accessible through multiple firewalls and credential checks. Access to the servers is limited only to trusted personnel and is auditable at any time.
What fees do I pay?
1.5% on each transaction then 1.5% monthly interest within the 90-day term. No upfront costs, no origination fees, no surprises. View our transparent rates and terms.
I'm a brand new contractor, can you fund me?
Yes! We love to help new licensees start building their businesses.
How do I get started?
Getting started is easy. We have funding specialists to walk you through the steps involved in funding your next construction project. You can call us at: 866-922-8322 or email us at firstname.lastname@example.org. Our funding specialists are ready to help you grow your business.
How do I request credit?
All you have to do is fill out our online application. IT'S QUICK & EASY! Get Started.
How quickly can I get approved?
It depends on the size of the line requested but some can be approved in as little as 1 day!
Do you need my FICO score?
No. CreditSuppliers uses a proprietary underwriting process to qualify you for funding based on your business rather than your personal creditworthiness. This makes it quick and easy to get you approved.
What information do I need to apply?
All we ask for is basic business information (Business names, license number, etc.) and 3 supplier references.
What counts as a supplier reference?
Any supplier that has extended you a credit line will work as a reference. We ask you to provide their contact information and your highest credit limit with each.
Are there any commitments or obligations if I fill out an application?
No! There is nothing to fear, you’re under no obligation to commit to anything after you apply.
How quickly do you pay my supplier?
We pay your supplier in 10 days or less.
Will my relationships with my suppliers be harmed?
No way! They love getting paid in 10 days. If anything, you’ll find that using CreditSuppliers will improve the relationships you have with your suppliers.
What will an account manager ask me?
The account manager's job is to get your application through the underwriting phase and get you approved so you can move on to funding your jobs. Depending on the size of the line requested, they may ask for a current set of financial statements or ask other relevant questions about your business. Your account manager will be your main point of contact.
What if I get rejected?
No big deal! You can always reapply. Our funding specialists are happy to help you resolve anything that could be holding you back.
I always send preliminary notices for my jobs. Do I still need to do that?
No, we handle it all for you. If you are a contractor using our system, we will send the pre-lien for your supplies on your behalf using our partner Lien Giant.
What can I use my credit for?
Our trade credit lines are dedicated to supply purchases exclusively. Although this type of funding cannot be used to pay for labor, your supplies will be covered, freeing up your working capital to cover other costs (i.e. labor, overhead, etc.)
Can I buy all my supplies with your funds?
Nearly! There are a slim few items that we can't pay for. Call our funding specialists for specifics.
Do I have to use your suppliers? I always work with the same companies.
We work with any and all suppliers. We encourage you to continue working with your favorite suppliers.
CreditSuppliers, an Atlas44 company, is a fintech company providing funding alternatives to the construction industry.
+1 (866) 922-8322
8283 N Hayden Rd,
Scottsdale, AZ 85258