Skip to main content
All CollectionsEligibility and credit limit
Is my sector eligible for Defacto financing?
Is my sector eligible for Defacto financing?
Christina avatar
Written by Christina
Updated over a week ago

Change in Sectors We Serve

We believe that the Defacto solution with its short-term maturity, and due to the sharp rise in rates and extended payment terms associated with the current macroeconomic situation, may not be the best option for some industries in the short term.

From 1 October 2023, we will cease to provide services in these sectors, including all sub-sectors of construction and renovation, as well as real estate-related sectors, financial services and insurance.

Our goal is to be ethical and responsible in our approach, and we want to support you in the best way possible.

Existing customers in these sectors will still have access to their Defacto account in order to manage and repay any outstanding loans, and to access loan contracts for accounting purposes.

The list of sectors concerned from 1st October 2023 by NACE code

Code

Description

10.39

Other processing and preserving of fruit and vegetables

25.11

Manufacture of metal structures and parts of structures

41.1

Development of building projects

41.2

Construction of residential and non-residential buildings

43

Specialised construction activities

43.1

Demolition and site preparation

43.11

Demolition

43.12

Site preparation

43.13

Test drilling and boring

43.2

Electrical, plumbing and other construction installation activities

43.21

Electrical installation

43.22

Plumbing, heat and air-conditioning installation

43.29

Other construction installation

43.3

Building completion and finishing

43.31

Plastering

43.32

Joinery installation

43.33

Floor and wall covering

43.34

Painting and glazing

43.39

Other building completion and finishing

43.9

Other specialised construction activities

43.91

Roofing activities

43.99

Other specialised construction activities n.e.c.

46.13

Agents involved in the sale of timber and building materials

46.31

Wholesale of fruit and vegetables

46.73

Wholesale of wood, construction materials and sanitary equipment

47.19

Other retail sale in non-specialised stores

47.25

Retail sale of beverages in specialised stores

47.29

Other retail sale of food in specialised stores

47.41

Retail sale of computers, peripheral units and software in specialised stores

47.74

Retail sale of medical and orthopaedic goods in specialised stores

47.99

Other retail sale not in stores, stalls or markets

64.2

Activities of holding companies

64.20

Activities of holding companies

66.22

Activities of insurance agents and brokers

66.3

Fund management activities

68.2

Rental and operating of own or leased real estate

68.20

Rental and operating of own or leased real estate

68.31

Real estate agencies

70.1

Activities of head offices

72.1

Research and experimental development on natural sciences and engineering

72.2

Research and experimental development on social sciences and humanities

81.21

General cleaning of buildings

81.22

Other building and industrial cleaning activities

81.29

Other cleaning activities

81.3

Landscape service activities

82.99

Other business support service activities n.e.c.

87.3

Residential care activities for the elderly and disabled

90.01

Performing arts

90.02

Support activities to performing arts

93.12

Activities of sports clubs

93.29

Other amusement and recreation activities

96

Other personal service activities

96.02

Hairdressing and other beauty treatment

96.03

Funeral and related activities

96.04

Physical well-being activities

96.09

Other personal service activities n.e.c.

Sectors we do not serve for ethical reasons

Please note that there are also certain sectors that we will no longer be serving due to ethical considerations and to comply with Anti-Money Laundering and Counter-Financing of Terrorism (AML-CFT) regulations.

As a responsible business, we are committed to maintaining the highest standards of integrity and transparency in all our operations.

Here is the list of sectors ineligible for Defacto financing:

  • Related to weapon and arms

    • 25.40 - Manufacture of weapons and ammunition

    • 30.40 - Manufacture of military fighting vehicles

    • 24.46 - Processing of nuclear fuel

  • Related to wholesale and manufacturing of tobacco

    • 46.35 - Wholesale of tobacco products

    • 12.00 - Manufacture of tobacco products

    • 01.15 - Growing of tobacco

  • Related to fossiles fuels and carbonized energy

    • 06.20 - Extraction of natural gas

    • 06.10 - Extraction of crude petrole

    • 19.20 - Manufacture of refined petroleum products

    • 14.20 - Manufacture of articles of fur

Did this answer your question?