How do I apply for credit?

Click on funds Availability page. Click Apply for PayCargo 30 day credit. PCF is not a lender. PCF is a fin-tech company with a simple way to review and decision funding solutions for freight forwarders, custom house brokers, and other NVOCCs.

How long does it take to be approved?

We will complete our credit review within 24 hours.

How much credit should I apply for?

We created PayCargo Credit so that it would be a meaningful tool for managing working capital relative to the size of your business. It is particularly meant to assist with your maritime and air cargo payments. With the growing number of vendors who accept payment through PayCargo (with all of the time-saving benefits for the payer for doing so!), we feel that $50,000 is the minimum credit amount, even for a small company. Larger companies are utilizing amounts of $500,000 or more.

How much does it cost?

The cost is subject to credit review and Amount requested.

How long do I get credit for?

This is a 15, 30 or 45 day revolving credit line.

How do I repay the credit?

It works the same way as your current ACH. The only difference is we pull the money from your bank account on the 29th day.

Can I still pay with overnight funds

Yes. When you make a payment you can choose credit or overnight ACH.

How much credit can I apply for?

We facilitate credit lines starting from $50,000 all the way up to $5,000,000.

Can I increase my credit limit?

Yes. Click Funds Availability and request an increase (subject to review).

Can I prepay before the 15/30/45 days?

We do not recommend because we cannot discount your monthly interest payment. You will be charged for the full 15/30/45 days.

Can I pay all vendors with credit?

Yes. You can pay any vendor in our system using credit.

How long does it take to fill out the application?

You should be able to fill out the application in about 5 minutes.

Will I receive notification prior to money being pulled on the 29th day?

Yes. We will send out a notification 3 days prior to pulling the money. It will state exact amount that will be withdrawn from your bank account.

Do I need to provide my financials?

It is a possibility. This is subject to the amount you request and our initial review.

How do I check my available credit?

Click Funds Availability tab.