Credit Terms

Credit terms on HyperQuote are earned through transaction history, not granted upfront. New customers start with advance payment requirements and progress toward net terms as the business relationship matures. This tiered approach reflects how Egyptian B2B construction commerce actually works.

Your first 1-3 orders require Cash Before Delivery (CBD) — typically structured as 50% advance payment plus 50% COD by certified bank cheque. This is standard practice in Egyptian building material distribution. No credit application, no references required. You pay, materials ship.

This is not punitive — it is how the entire industry operates for new relationships. Egyptian B2B runs on trust that builds over completed transactions, not on credit reports filed before the first order.

HyperQuote uses a five-tier customer model based on a composite score. Progressing from one tier to the next requires meeting all four criteria:

• Order count — Minimum 5 completed orders
• Cumulative spend — Minimum EGP 500,000
• Time as customer — Minimum 3 months
• Payment behavior score — Weighted score above 80 (on a 0-100 scale modeled on D&B PAYDEX, where large recent invoices count more than small old ones)

As you build history and approach Tier 2, a credit application becomes relevant. Requirements scale with the credit limit you need:

• Up to EGP 5 million — Basic application, 3 trade references, bank reference
• EGP 5-50 million — Plus credit report and financial statements review
• EGP 50-500 million — Plus audited financials and trade credit insurance or letter of credit
• Above EGP 500 million — Plus personal or corporate guarantee, surety bond, and full financial audit

The system checks credit utilization automatically on every order. If an order would push you past your approved credit limit, it is held for credit manager review.

Late payments trigger a graduated response:

• 1-7 days — Grace period with no action
• 8-15 days — Warning notification
• 16-30 days — New orders placed on hold
• 31-60 days — Automatic tier downgrade
• 60+ days — Account freeze and formal legal notice

For customers who pay consistently but chronically late, HyperQuote adjusts your terms to match your actual payment behavior rather than penalizing you. If you reliably pay at 45 days, your terms may be adjusted from Net 30 to Net 45.

A bounced cheque triggers immediate and severe consequences: instant credit hold, Tier 5 classification (CBD only), and legal notification. Under Egyptian law, issuing a cheque that bounces is a criminal offense (Articles 534-536 of the Penal Code).

Rehabilitation from a bounced cheque takes 12-18 months: full debt settlement, 6 months of CBD-only probation, then limited credit at 50% of the prior limit with gradual restoration. A second bounced cheque results in permanent blacklisting.

HyperQuote offers 2/10 Net 30 terms for eligible customers — a 2% discount for payment within 10 days. This represents a 36% annualized return for early payment, making it financially attractive for customers with available cash flow.