Although Pay Later offers clients unprecedented flexibility when paying invoices, not every client will qualify. Tranch’s Credit and Risk team undertakes thorough credit evaluations before credit limits and terms are offered, in order to ensure that a Pay Later plan is in the best interest of both the client and Tranch.

Included below are the basic criteria to qualify for a Pay Later plan. Please note that every case is unique and meeting the minimum eligibility does not guarantee that terms will be offered.

Incorporation

• Pay Later is only available to incorporated businesses
• Tranch requires that a company be domiciled (or have an entity within) the United States or United Kingdom
  • U.S. companies must be incorporated in a mainland U.S. state, not including North Dakota, South Dakota, and Vermont

Company Trading History

• Companies must have been incorporated for at least 6 months in the United States, or 3 months in the United Kingdom
• Companies must show a minimum 6 months of banking history

Cash Balances

• Tranch requires at least $50,000 in cash balances for US-based companies, and £50,000 for UK-based companies

Sector

• Companies must operate within an acceptable sector and area of business activity
• Tranch covers most areas, but reserves the right to withhold terms to businesses in sectors that we deem to have high reputational risk (ex. arms manufacturing)
• As Tranch is a lending business, there is a decreased appetite for lending to other lending firms and as such, enhanced diligence is required in the consideration for use of Pay Later

If your client meets the above criteria and are looking for flexible payment terms, they should complete their Tranch onboarding and submit a Pay Later application via the platform. If you or your client have any questions about eligibility, the application, or Pay Later in general, please reach out to your Tranch account manager.