To be eligible as a client for Finaxar's platform:
- You must be using one of our supported accounting packages such as Xero, Quickbooks Online or MYOB LiveAccounts;
- Your invoicing history in that accounting solution must go back at least 6 months.
- Your company must have been in operation for at least 2 years;
- Your customer repays within 90 days from invoice issuance date;
When you connect your accounting software to Finaxar, your accounts receivable history will be reviewed. This, together with other business data will provide us with an initial assessment of whether we are able to approve your business for financing.
After your account is approved, it will be reviewed from time to time and your advance limits may be adjusted accordingly.
If your application is not approved today, simply keep your accounting package connected and we will continue to evaluate your business for eligibility.