Are you a business selling products or services to other businesses? Improve your cashflow today.
Debtor Finance (Factoring) can offer you an alternative solution by providing your business with cash, by allowing you to raise finance from the unpaid invoices owed to you.
This immediate flow of cash against the value of your outstanding invoices can help improve your immediate business prospects and allow it to grow.
Your outstanding sales invoices could be your largest asset with up to one quarter of your business's overall yearly turnover remaining unpaid at any one time.
This "locked up" cash can greatly impact the growth potential of your business and has been known to force some small business' into insolvency.
Factoring is the fastest growing form of commercial finance in Australia and is used mainly for working capital. Compared with the traditional overdraft style bank funding, there is no set monetary limit and doesn't involve tying up the security value of your property.