The goal is for the company to raise a secured short-term loan against its receivables. Our focus is to offer a minimum of 1% guaranteed interest for the first 15 days of each deal, with 0.3% for every additional 5 days.
Key Notes
Maximum days on payment will not exceed 35 days from the day payment was received
Max Pay Date is determined from the day the deal closes, not the day on the invoice
All factoring amounts are secured against the invoice
0.3% is guaranteed on the first day of every additional 5 days. E.g., a payment made on day 16 is guaranteed 1.3%
Simpleaf owns the right to pay any day between day 15–35