At Cloudfloat, we understand that access to working capital is essential for growing businesses. That’s why eligible businesses can apply for an Approved Funding Limit, giving you certainty and flexibility to manage cash flow, take on larger projects, and grow with confidence.
Who Can Apply?
Approved Borrowing Limits are available for businesses structured as:
Companies
Trusts with a corporate trustee
Individuals and Sole traders
Partnerships
How It Works
1. Check Your Eligibility
You can see if your business is eligible by visiting the Settings > Business section in the Cloudfloat app.
2. Choose Your Desired Limit
Decide the funding limit you would like to apply for. Your limit will be tailored to your business profile and trust score.
3. Settle the Annual Membership Fee of $300 via provided secured link.
4. Provide Required Documentation
To support your application, you may need to submit the following depending on the limit requested.
Financial Records: Profit & Loss statements, Balance Sheets, and Tax Returns for up to three years.
Deed of Guarantee: Signed by each director or guarantor with a nominated witness.
General Security Agreements (GSA): Legal agreements to protect the credit facility.
Submitting these documents helps us assess your business’s financial health and determine an appropriate borrowing limit.
Note: Required documents may vary depending on the credit assessment
4. Application Review
Once your application is submitted, our team will review your documentation and evaluate your business profile to determine your approved funding limit. You will be notified once your limit has been approved.
Benefits of an Approved Funding Limit
With an approved limit, your business gains:
Financial certainty: Know exactly how much capital is available at any time.
Greater flexibility: Access working capital to fund operations, take on larger projects, or seize growth opportunities.
Streamlined cash flow: Avoid disruptions and manage your finances without relying on traditional loans.
For further assistance, contact our Customer Success Team at [email protected].
Take your business growth to the next level with Cloudfloat’s Approved Borrowing Limit today!