Frequently asked questions
Tradeplus24 wants to make financing easy so you can concentrate on running your business but understand you may want to know more about how we work. Some of the most commonly asked questions are answered below:
Tradeplus24 was created by a team of entrepreneurs from the banking and insurance industry, who have partnered with established industry leaders to help Swiss SME to grow their business.
Tradeplus24 is currently available to Swiss and Australian companies.
Tradeplus24 and all its subsidiaries are members of SRO Polyreg and an approved financial intermediary according to article 2, paragraph 3ff of the Swiss anti-money laundering legislation.
Tradeplus24 and all its Swiss funding vehicles are incorporated in Switzerland and have their registered address at our office in 8001 Zürich. All our accounts are with large Swiss banks.
Easy, just use the contact form on this website
Contrary to a true sale factoring, you remain in full control of your accounts receivables as Tradeplus24 only takes a silent assignment over them. Furthermore, we are able to offer financing against a very wide range of receivables (worldwide, smaller buyers) and offer a very transparent pricing, with no hidden fees.
Receivables from almost all countries can be considered for the loan.
Tradeplus24 will not contact your buyers. The insurer of the risk is entitled to contact selected buyers in order to check individual receivables, however this relates only to the insurance side of the account receivables and does not tell your buyers anything about any financing your company is receiving against them.
All KYC checks done are required to adhere to Swiss and partly also international Anti-Money-Laundering (AML) standards.
We can work with CHF, EUR and USD.
The Credit Facility
All financing is provided through fully owned subsidiaries of Tradeplus24.
Your company must be a Swiss entity and selling products/services to other companies. Given our structure, we see ourselves most suitable for SME with accounts receivables of at least CHF150’000.
The protection of your data is important to Tradeplus24 and we make sure that all our partners adhere to the highest standards of data protection.
We expect the standard process to take approximately two weeks.
The limit of your credit facility is determined by the total amount of receivables insurable within the framework as well as a few security features we built into the product.
No, the loan is intended for general corporate purposes. Whether you use it to on-board new clients, extend payment terms for existing clients or buy new machinery, is entirely up to you.
Various factors determine your costs and our team will be happy to talk through pricing once we have received your application.
3 months of interest will be deducted from the initial drawn amount and after that, interest will be billed on a monthly basis.
After the initial drawdown for 90 days, your loan is rolled over every 30 days. The drawing can be adapted to current requirements on the next rollover date.
Easy, click on the ‘apply’ link on the website to get started or give us a call.
We offer a very lean process that can also be automated by linking your accounting solution to our platform directly. Thereby you can focus on your core activities.
If you use a cloud based accounting package (like Bexio or Abacus), it is super easy. You grant us access and we can monitor. If not, we can talk through a range of options for you to be able to send us an up to date view of your receivables book.
The overall amount of paperwork is very limited, only for the setup process we need some forms to be signed. All maintenance can then be done electronically.