Businesses most suitable for an Octet facility are those that can clearly demonstrate an ability to make the necessary repayments to their suppliers on time, every time. The way they demonstrate this is to provide evidence they are not under financial duress.
This means being profitable and being current with commitments to the tax department and to creditors. It is also important that a reasonable proportion of the money made by the company is left in the company rather than being distributed to shareholders. This information will determine the maximum amount Octet is comfortable to lend.
Ideally Octet members should fit the following criteria:
- Have steady or growing sales
- Have a diversified Customer Base
- Constant and Regular Inventory Turnover
- Be of a reasonable size
To find out whether your business qualifies -
