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,  You need to pay staff, or there are tax office payments to make.

You know that in a couple of months things will straighten themselves out, but at the moment your cash flow is lumpy and it doesn’t help that your customers are taking far too long to pay their bills.

That’s where single invoice finance comes to the for.  It is a one-off transaction which allows you to meet a pressing need and move on when the cash flow improves.

No handcuffs

Of course, there is nothing to stop you selling a number of invoices over a few months – many businesses do because it suits them – but the point is that there is no contract.

You’re not handcuffed to a long term arrangement.  And, as they say in the classics, there is more:

• It’s finance without debt – a straightforward buy and sell transaction that shouldn’t effect your relationship with your bank.
• You can use the money for any purpose. There are no restrictions.
• The state of your balance sheet and the age of your business is secondary, because it is the quality and strength of your customer which really counts.
• It is very simple to apply for the product and very fast.
• If you have an established account you can have money in your bank within 24 hours of asking.
• And, best of all You don’t have to put your house on the line. In most cases, the only security required is the invoice itself.

So, how does it work?

If we agree to buy an invoice and your customer meets our criteria we’ll give you between 80% to 90% of the value of the invoice right away.

You get the rest, less our fee, when your customer pays the bill.

How much will it cost you?

That depends on the stature of your client, the size of the invoice and its age.  Our typical fee is about 5% of the invoice amount.

Before deciding to proceed with single invoice finance you need to work out whether it adds value to your business by  helping increase profits, saving time and increasing productivity

If it does that simply, flexibly and quickly then its value is proven.

Ask yourself this question.

What you could you do with the money raised by invoice finance if you had it right now. Then ask what would  happen if you didn’t get the money?

Sometimes a business is not suited to single invoice finance. It might be more suitable for you to enter into a longer term arrangment.

If you are in that situation, we can recommend alternatives to investigate.

If your not in Brisbane where I am based, I can put you in touch with a local professional who is part of my network who can help you.

So, call me on 1300 430 076 for an informal chat, or complete the contact form on this page and I’ll call you.

To learn more about the impact of invoice finance on your profits, or alternative types of invoice finance and their benefits please watch the other videos.