Forget the Minties. At a time like this you need single invoice finance! The reason? According to Business watchdog, Dun and Bradstreet, Australian businesses are increasingly neglecting to pay their bills. The number of severely delinquent payments has jumped 28% over the Christmas period. D & B’s definition of severely delinquent is 90 days plus [...]
“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 [...]
Small businesses are being forced to the brink of collapse because their larger and more powerful customers in the B2B sector take too long to pay their bills. Some large companies take up to 90 days to pay. It’s outrageous. It puts enormous pressure on small business operators struggling to meet their own overheads and [...]
Here’s how short-term invoice finance helped an industry legend avoid embarrassment and rebuild his business. PROBLEM: Harry Kennett* should have been very happy. He had won a lucrative contract to supply construction equipment to a company building a new residential tower. He planned to buy the equipment overseas and rent it to the builder for the duration of the [...]
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 [...]
Factoring has had a fresh new coat of paint. Until now, this powerful financing tool has mostly been the exclusive preserve of large companies in cosy relationships with conservative bankers and financiers. Now, thanks to the advent of single invoice finance just about any business can enjoy the benefits of selling invoices. It has never been easier to [...]
As small and medium sized businesses continue to grapple with a challenging cash flow environment they are increasingly turning to invoice finance as a solution. According to the Institute for Factors and Discounters, industry turnover in the three months to March 2011 increased by 6.6% compared with the same period the year before. Total receivables [...]
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 [...]
