What information will I have to provide to open a Facility Line?
We will need, personal and company’s last two tax returns, company’s financial statements
(balance sheet, Profit & Loss, A/P & A/R) and bank statements.
Will there be a Credit Score check?
As any other provider, we will run your Credit report with your authorization
When can I start using my Facility Line?
Once all contracts have been finalized and signed, funds will be available immediately.
Are there costs to open the credit line?
There’s a one-time activation fee and thereafter, a yearly renewal fee on the anniversary date of your contract.
Does CreateTrade make deposits towards an order?
No, we pay the invoice in full or the remaining open balance. Copy of the deposit will be needed for our records.
How many orders can I make?
As many as needed, as long as you're within the guidelines and the account is in good standing.
Does the interest rate adjust after partial payments have been applied?
No, interest rate will not change.
Will I receive a credit if an invoice is paid in full before its due date?
Yes, CreateTrade will issue a credit that can be applied to another open invoice in your account or return the funds to you.