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Why can't I submit a loan?

Find below the common errors and how to solve them

Morgan avatar
Written by Morgan
Updated this week

If you are eligible for our financing service*, here are some common issues that may prevent you from finalising your loan request.

📄 At invoice level

  • The reference must be less than 35 characters long and only contain letters, numbers or the following characters / - ? : ( )

  • Our PDF reader only recognises invoices in € euros.

  • The counterparty's country is not accepted, please refer to our dedicated article: Is my country eligible for Defacto financing?

  • We only finance invoices between two companies, any request for an invoice with a private individual will be refused, please see our invoice acceptance criteria.

  • Your IBAN must appear on your customer invoices and this account must be in the list of connected accounts.

  • We may not recognise the BIC associated to the IBAN in our library, please contact us directly on the chat.

💶 At loan level

  • Loan duration must be less than 120 days.

👤 At account level

  • We may need to perform extra verifications of your company for KYB, please submit the requested details as soon as possible.

❓For any other reason, feel free to contact us directly in the chat

* If you are not eligible for our financing service, your loan facility amount will show €0 and/or the loan request button will be greyed out.

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