Each invoice advance request is individually assessed based on 3 key factors:
- Your buyer: We verify that your buyer is a viable UK-based company or public sector entity and assess their creditworthiness to ensure they can meet their payment obligations.
- Your Invoice: We ensure that the invoice meets our eligibility criteria, such as being within acceptable due dates and amounts, and that the invoice is legitimate and free of disputes, and is not ineligible debt. Ineligible debts include, but are not limited to:
- Payable in instalments
- Payable in a currency other than GBP
- Payable by sole traders, private individuals, or charities
- Payable by non-UK entities
- Subject to a dispute or claim
- Arising under a transaction where goods are provided on an approval, trial, consignment, or "sale or return" basis
- Invoices that are applications for payments, retentions, or stage payments
- Arising from the sale of capital assets or on a lease or rental basis
- Owed by a debtor that also supplies goods or services to you
- Subject to a dilution not approved by us
- Debt owed by a restricted party, those on sanctions lists, operating from sanctioned countries, or involved in money laundering or other illegal activities
- Your business: We perform a point-in-time assessment of your company and its key parties, review your credit profile, available facility limit, and ensure all data connections with TRIVER are active.
These checks help us make informed decisions on whether we can accept your invoice for an advance.