New credit facility for SME buyers on Tradeling
Tradeling in partnership with Invoice Bazaar is now offering a new credit facility for SME buyers on its platform, to support them in business recovery and continuity. The service will enable business customers to benefit from a revolving credit line of up to AED 50,000 for their purchases from sellers listed on the platform. Any business registered as a buyer on Tradeling.com can apply for the credit facility effortlessly on the website with approvals, subject to financial due diligence, provided in just 48 business hours. Securing the extended credit facility will enable SME buyers to free up cash, extend their payment terms and strengthen negotiations with sellers on the platform.
Muhammad Chbib, CEO, Tradeling, said, “One of the biggest challenges that businesses face in the current recovery phase of the economy is liquidity. Our purpose from the beginning has been to enable trade through innovative technology approaches. The immediate impact of the new credit facility is that it will increase liquidity levels, especially for businesses involved in our three core verticals: food & beverage, office supplies and health & wellness.”
Giving buyers more control on their transaction, the credit facility is currently available for UAE-based buyers. They can expand their payment terms with the sellers by thirty days, giving a promising window to do business, make returns and meet their financial obligations without undue pressure.
The new facility adds to the 5 per cent cashback on all purchases Tradeling offers for hotels, restaurants and caterers, as part of confidence-boosting measures launched by the digital marketplace to support the wider community. “