Trade credit allows approved business customers to purchase on account rather than paying at the point of order. Once a credit account is set up, purchases are invoiced and payment is collected within the agreed terms, typically 30 days from the invoice date. This arrangement is common in trade purchasing and helps businesses manage their cash flow more effectively.
To apply for trade credit, contact the accounts team who will guide you through the assessment process. Approval is subject to a credit check and review of your business profile. Once approved, your credit limit and payment terms will be confirmed and applied to your account. It is important to adhere to the agreed payment terms to maintain your account in good standing and avoid any disruption to your purchasing ability.