Invoice finance provides cash flow for companies that want to release capital tied up in unpaid invoices. If you are not familiar with invoice finance, you can learn more in this article.
You can begin your finance application with just your name and email address and then return to it later with more information, but it will speed things up if you have the following details available:
Visit the Stenn sign up page. Supply your name, surname, corporate email address and create a password. You can also register with Stenn via Google or Facebook.
When using Stenn for the first time, you’ll need to choose your preferred role. Click the button which says ‘Supply goods via Stenn’.
Supply your registered company name and the country where your business is based.
If you do not see your company listed, please click ‘My company is not listed’.
Your Buyer must be a registered business and not an individual.
If you do not see your Buyer listed, please click ‘My buyer is not listed’.
Tell us if your Buyer has bought goods or services from you.
Upload your invoices and any transport documents, such as Bills of Lading.
Stenn will show you a provisional financing offer based on what you have uploaded. If you are satisfied with it, click ‘Next’.
Give us the details of the person authorised to make financial decisions on behalf of your company.
Now add details of the bank account to which you want us to send payment.
Give us the details of the person authorised to make financial decisions on behalf of your Buyer’s company.
You’ll now be provided with a summary of the deal. If you are satisfied with the terms, accept it and your application will go for approval.
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Disclaimer: The above article has been prepared on the basis of Stenn’s understanding of the subject. It is for information only and doesn’t constitute advice or recommendation. Whilst every care has been taken in preparing this article, we cannot guarantee that inaccuracies will not occur. Stenn International Ltd. will not be held responsible for any loss, damage or inconvenience caused as a result of anything published above. All those applying for credit should seek professional advice when doing so.