Debtor finance, also called invoice finance or invoice discounting releases the cash from your debtors, allowing you to raise working capital for expenses, improve business cash flow, paying salary or expand business operations.
What businesses suit debtor finance/invoice financing?
- Manufacturing businesses
- Businesses in wholesale trade
- Labour hire or recruitment
- Mining
- Argiculture
- Transport and storage
- Property and business services
- Funds are readily available - credit sales are converted into cash usually within 48 hours
- Invoice finance can fund up to 90% of your debtor invoice value
- You know for you sure that you will receive the cash as funds are based on your business sales and not your assets
- Your business can negotiate better trading terms with suppliers or early settlement discounts for early payment
- Invoice discounting fees are usually cheaper than settlement discounts
- Conveniently access the cash when required
- Business cash management flexibility for seasonal and daily requirements
Costs will vary depending on the lender, setup structure, size and risk
For more information about invoice finance and how it can be used to grow your business, speak to one of the mortgage brokers at Intellichoice on +61 7 3624 1900. Our experienced mortgage brokers have access to other business cash flow solutions that may be also be suitable for your business, including trade finance, inventory finance, import finance and equipment rental hire.
