How to apply for an approved limit with Cloudfloat

At Cloudfloat, we understand the importance of access to working capital for growing businesses. That’s why we offer eligible customers the opportunity to apply for an approved limit, giving you greater flexibility to manage cash flow and invest in growth.

Eligibility criteria

Approved limits are offered to customers who demonstrate consistent usage and reliable transactional behaviour on the Cloudfloat platform. Invitations are extended exclusively to those who meet these criteria, ensuring the highest level of support for businesses focused on growth.

How it works

Invitation to Apply

Customers who qualify based on their usage and behavior will receive an exclusive invitation by email to apply for an approved limit.

Apply for limits of $20K or more

Eligible customers can apply for an approved limit starting at $20,000, with opportunities for higher limits based on qualifications.

Required documentation

Deed of Guarantee: The applicant must sign a deed of guarantee to secure the credit facility.
General Security Agreements (GSA): GSA’s will also need to be provided as part of the application.
Financial records (Up to 3 Years): Applicants must submit financial statements for up to three years, ensuring a comprehensive review of the business’s financial health.

Review and approval

Once the application is submitted, our team will review the provided documentation, evaluate the risk factors involved, and determine the approved limit.

Why apply for an approved limit?

An approved limit provides your business with:

Increased financial flexibility: Access working capital when needed to manage operations, take on larger projects, or seize growth opportunities.
Streamlined cash flow: Avoid disruptions and ensure smoother financial management without the need for traditional loans.

Next steps

If you’ve been invited to apply for an approved limit, take the opportunity to unlock greater financial freedom for your business. Prepare the necessary documentation and submit your application today.

For further assistance, contact our Customer Success Team at success@cloudfloat.com.

Take your business growth to the next level with Cloudfloat’s approved limit!