Frequently Asked Questions

Click on the Apply Now link and fill out the application as per the required fields. Our team will review your application and provide new account details within 24-48 hours.

When you make a purchase on our net 30 terms, the invoice will state that payment is due within 30 days of the invoice date. 

• This allows the you to delay payment and use your resources for other operations or purposes. 
• Paying  invoices on time is crucial for building a strong credit history with Quilla Trading and  potentially qualifying for better credit terms in the future. 

Net 30 is a term used to specify that a buyer has 30 days to pay for goods or services. Essentially,  Quilla Trading's Net 30 Day facility will extend purchasing credit, allowing you to manage cash flow more effectively by providing access to a purchase value for goods or services that you have yet to receive. 

A credit line (also called a line of credit) is a flexible loan offered by us. It gives you access to a predetermined set of money that you can borrow as needed to make purchases. Rather than receiving the full amount, your allocation will be pegged against the value of your submitted invoice. Each time you need to make a purchase, a prepaid spending card will be generated on your behalf.

A Proforma Invoice is a preliminary invoice sent to a customer before the final goods or services are delivered. It outlines the estimated cost and details of the transaction. It’s typically used for:

• Giving the customer an idea of the cost before the final invoice is issued. 
• Serving as a commitment to deliver the goods/services once the customer confirms the order. 
• Useful in international trade or large transactions, where confirmation of pricing and terms are needed before moving forward. 

When you submit a copy of your Proforma Invoice(s) we will evaluate its content and enter into an arrangement that facilitates terms before the final Net 30 invoice is forwarded to you. This would outline payment terms and other key details.

In the case, where a credit line is being applied for, the Proforma Invoice will serve as a means to determine the value of the approval.

If you do not have a formal invoice but are looking to proceed with Net 30 Day or Line of Credit payment terms, we can still accommodate you. Here’s what you can do:

1. Upload Your Shopping Cart
   If you’ve already added products to your shopping cart, you can upload a screenshot of your cart or share a link to your cart. We would only need to verify the total cost of the cart to grant financing and not the individual items. This will serve as a reference for the products or services you're looking to purchase.
    
2. Share Your Checkout Cart
   If you’ve started the checkout process but haven’t yet completed the purchase, simply provide us with a screenshot or a link to your checkout cart. This will include all the necessary information, such as quantities, prices, and products/services, to help us confirm the value of your order.
    

By providing one of these options, we can generate a Proforma Invoice based on your cart details.

Yes - when making an application for a line of credit, having a co-applicant can increase your chances of loan approval. Here's why:

• Income Boost - With combined Income, it demonstrates a stronger ability to repay.
• Lower debt to Income ratio (DTI) - Adding another person's income will make the overall financial profile look better.
• Shared responsibility - The payback period is calculated to be shorter, which reflects well on the applicant's account.

Once approved a credit line will be valid for the 5 days. It will only applicable to the monetary value of the requested amount. The submitted Proforma Invoice, checkout terms or shopping cart will determine the prepaid card amount to facilitate the purchase.