“What’s your interest rate?,” is usually one of the first questions we hear from a customer. Our answer is always the same. We don’t charge an interest rate because we are not a bank and we don’t offer ongoing loan facilities. We simply buy an invoice at slightly less than its face value. The gap [...]
We’ll call him the Feisty Fencer. He was looking for the deal of the Century. He came to us after securing a huge contract to build a score of enclosures for the government. He boasted about the money he would make in the coming year. “My profit margin is 30% on each fence,” he said full of [...]
Single Invoice Finance is the “no grief” way of raising funds for your business. Quite simply it beats a bank loan any day. To begin with the hurdles you have to jump are no where near as high. Below are ten good reasons single invoice finance is better than a bank loan and why we should [...]
Are you embarrassed about using invoice finance? Are you afraid of what your customers will think? It is not uncommon to feel this way. Yet, invoice finance is the fastest growing form of business finance in Australia. In 2010, the industry turned over close to $60 billion dollars. More than 5000 companies sold invoices last [...]
If ever an industry suffered from an identity crises it is the cash flow industry. Companies in this space use a score of terms to describe what they do and consequently cause confusion amongst their customers. The most common, and oldest, terms are factoring and invoice discounting. But you will also come across terms such [...]
Business people have been selling invoices, or factoring, since Julius Caesar hooked up with Cleopatra. It was the dominant form of finance in the American colonies before the Brits were kicked out. In Australia, the industry is booming with a turnover of $60bn a year. What’s my point? Factoring is, and has been for a [...]
Most Businesses find cash flow a struggle at one time or another. If you offer credit to your customers, then waiting on payments can put considerable strain on your working capital. First, you must pay your operating overheads. Then there is your payroll and your creditors. And, what hapens if a great business opportunity comes [...]
Most business people who need working capital go cap in hand to their bank manager to ask for a loan. If they are lucky they might get a loan, but only if their business is strong and if they are prepared to put personal assets on the line. They’ll also have to find and collate a [...]
Our application process is designed to make it easy for you to sell invoices and obtain funds for your business, however we do require some information to help us reach a ‘yes’ decision. The bottom line is transparency. We want to understand you, your company, the invoice you are selling and your customer. The process begins with our application [...]
A great solution Single invoice finance is a great solution if your business is facing a temporary cashflow problem. It might be that you have an opportunity to increase your sales and profits, but not enough cash in the bank to buy inventory. Maybe your overheads this month are too high. Unexpected bills have arrived, [...]
Invoice finance offers considerable benefits Personal gains 1. Money in your pocket Invoice finance can put money in your pocket by providing your business with the capital it needs to fund growth and increase profits. 2. Peace of mind It’s a huge relief to know money is available to sustain your business when cashflow is [...]
Invoice Finance can lift profits, improve productivity and save time. In this video, you’ll see how a small manufacturing company was able to triple its returns by factoring single invoices. While this is a hypothetical example it shows you what is possible. The next step is to apply a similar calculation to your business. The [...]
Many Australian businesses use invoice finance as a safety net. It’s protection for when cash reserves run low. The industry’s annual turnover is $60b a year which indicates this tried and tested strategy is very popular. Invoice finance goes by a number of names. It is also called factoring, invoice discounting, debtor finance, accounts receivable [...]
