Grow your business with 60-days net terms
All brick-and-mortar retailers are eligible for 60-day credit terms and can be used across all our brands & suppliers on the Borong platform.
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About 60-Days Net Credit Terms
Order inventories today and pay 60 days later
With net 60 terms, your purchases won't be due until 60 days after placing your order - allowing you to sell the products before payment is required.
Get terms that suit your business needs
When setting your limit, we consider factors such as your business type, size, location, payment history, revenue, and financial details.
Additionally, similar to a credit card, your net 60 terms limit may change over time based on ongoing changes in your business.
Make sales before you pay
Our net 60 terms allow you to purchase and sell goods without upfront payment. This means you can keep your cash available for other expenses like rent or payroll while still replenishing your inventory.
No need to worry about fees and penalties - ever
There’s no charge for using net 60 terms, and no penalty for utilizing your full limit. As you pay off invoices, the amount is added back to your available terms, allowing you to place more orders.
01
Get terms that suit your business needs
When setting your limit, we consider factors such as your business type, size, location, payment history, revenue, and financial details.
Additionally, similar to a credit card, your net 60 terms limit may change over time based on ongoing changes in your business.
02
Make sales before you pay
Our net 60 terms allow you to purchase and sell goods without upfront payment. This means you can keep your cash available for other expenses like rent or payroll while still replenishing your inventory.
03
No need to worry about fees and penalties - ever
There’s no charge for using net 60 terms, and no penalty for utilizing your full limit. As you pay off invoices, the amount is added back to your available terms, allowing you to place more orders.
Need more cashflow? Get more financing support under our DigitalNiaga programme.
More questions about Borong Credit
How are term limits determined on Borong?
Term limits are assigned to brick-and-mortar retailers upon sign-up. We may also request a connection to your bank, point-of-sale system, or accounting software to verify your business for net terms. For more details, please refer to our Privacy Notice.
How long does the approval process take?
All brick-and-mortar retailers receive net 60 terms immediately upon post sign-up verification, allowing you to start shopping right away.
Can I still place orders if I've reached my limit?
Absolutely! If you've used up your available terms, you can still place additional orders and pay upon shipment. Additionally, if you need more terms for your store, you can apply for a limit increase.
Can I pay off invoices before the 60-day period?
Yes, you can pay your invoices at any time. Otherwise, your credit card will be automatically charged at the end of the 60-day payment term.
Will using my limit impact my standing on Borong?
As long as you pay your invoices on time, there are no penalties for using net 60 terms on Borong.
How is Borong Credit different from DigitalNiaga?
Borong Credit offers up to 60 days net terms that can be used for purchases solely on Borong platforms. DigitalNiaga is a programme in collaboration with financial institutions that provides customised SME financing and supply-chain financing at low interest charges.
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