“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 between what we pay and what it is worth represents our fee.

For example, let’s say you have pressing committments and urgently need working capital for your business.  You offer us an invoice worth $10,000.  We might buy it for $9,500.

The $500 difference is our fee for investing  in your business: Providing you with immediate cash flow  and taking on the risk that your customer won’t pay.

So, how do we determine what we will pay for an invoice?

First, it depends on the invoice value.  Then we look closely at your customer assessing the strength of his or her business and credit history.

We also take into account when the invoice is due to be paid and whether we need to insure the transaction to reduce our risk of losing money.

Typical fee

Consequently, our fees range from between 5% and 8.5% of the invoice amount.   Typically, it is about 5%.

For many businesses – and this is a $65b industry – it’s a small cost for immediate access to working capital which is unobtainable elsewhere.

Other benefits

It is even more attractive when you consider that we don’t take your home as security.

We don’t lock you into a long term contract.  You can sell us just one invoice if that satisfies the needs of your business, or you can sell us more. It’s up to you.

We don’t take control of your business and, because you are selling an asset rather than increasing debt, the transaction is unlikely to affect your other finance arrangements.

Single invoice finance is an easy, flexible and economical answer to your cash flow needs.