PayLater is your tool to take control of your accounts payable where you can delay payment of your bills so you can have more cash to spend on growth or operations.
With Paylater, SubcontractorHub users can delay payments to vendors and increase their buying power. Once you receive a bill from a vendor, you can extend the payment term. Lendica then pays the vendor, you receive your delivery and you pay for the bill over time.
Follow the steps below to use PayLater on the SubcontractorHub platform.
Step 1: Go to the project and click on PayLater in the top bar.
Step 2: Lendica will open as a widget on the right-hand side.
Step 3: Input your revenue amount and email address. Then click “Continue”.
Step 4: Input your business details and click “Continue”.
Step 5: Input your ownership details and click “Continue”.
Step 6: Click “One more step”.
Step 7: To complete the financing process, connect to either your bank or accounting. If necessary, input your email address and click “send” to finish the process later or send it to an approver.
