Understanding Credit Protection
With credit protection, up to 90% of your eligible debt is protected against insolvency or prolonged non-payment, minimising the impact on your business.
What is credit protection?
Credit protection is a safeguard mechanism that protects businesses against the risk of non-payment by their customers. In the context of invoice finance, credit protection ensures that the business is not left out of pocket if their customer defaults or becomes insolvent. This means that even if the end customer fails to pay the invoice, the business that sold the invoice will still receive the agreed-upon funds.
Credit protection effectively acts as a safety net, providing businesses with added security and peace of mind when engaging in invoice finance transactions.
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Alternative invoice financing products from Novuna Business Cash Flow
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