Academy · Buy side · for distributors
Repayment discipline and revolving limits
Treat every drawing on a revolving limit as its own debt with its own date, pay it on that date whether or not the stock has sold, and keep your account with your anchor current and your orders on the agreed cycle, so that the record a financier reads in place of a credit file is one you built on purpose.
The readiness gaps this closes
Gap this module closes
Your account with your anchor is not current: something is overdue
The cycle on which you settle with your anchor is part of what a financier sees in place of a credit file, and when you buy from the anchor, its word about you counts for more than it does for a supplier; anything overdue with the anchor sits in plain view of both. Under the documented terms the anchor’s continued supply is also part of what stands behind a conventional facility, so the relationship has to be in good order before you draw. What strengthens your position is settling whatever is outstanding and keeping the account on its agreed terms from now on: settling on time is the behavior a financier is looking for.
Gap this module closes
You have not yet built a regular buying history with your anchor
How long, how regularly and how deeply you have traded with your anchor is the evidence a business without a long credit record genuinely has, and a financier reads it in place of audited accounts. A distributor that has ordered on a steady cycle, season after season, has already shown the behavior an assessment is trying to find. What strengthens your position is an unbroken run of orders placed on the agreed cycle and an anchor that confirms the relationship: a long, even record cannot be built in a hurry, so keep ordering on the cycle now.
When the Academy opens
This module will be delivered through the Academy with your progress and completion recorded, reached from this site without a second login. Until then the short version above covers the essentials.