Do You Need Help With Cashflow Finance?

How to apply for Cashflow Finance

What do banks need to ascertain finance for businesses?
1. Must have two year financials
2. Overdrafts and or Business loans must have property or assets
3. Directors with assets are desired giving personal guarantees strength
4. Director must have clean credit files
5. Business Tax must be up to date

So what happens if you don’t tick all these boxes? Do you go to non tier lenders paying larger interest rates, sacrificing profits margins? Finally how do you get the money back fast to save on that interest?

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Factoring, Debtor Finance, Invoice Discounting Consultants in Australia.

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Factoring, Debtor Finance, Invoice Discounting Consultants in Australia.

Why Debtor Finance works.

Accountants, brokers, business coaches are never sure if a debtor finance product will work or not for your business. As a result they state it’s too expensive. Others say it’s simple, put your invoices in and get paid up to 80% of their value with 48 hours. The final 20% less fees is paid when your debtor pays for the invoice. there are two alternatives to poor cash flow. One is going broke waiting for debtors to pay. 2nd is demand for faster payment, hoping you don’t loose the contracts.

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Transport Using Factoring

Trade Debtor Finance consultants Pty Ltd (TDFC) was contacted late last year by a transport company with 3 trucks with 2-3 debtors. This firm’s owners were quick to explain that a shortage of cash flow has caused a problem with a fuel bill and that it was causing work to slow down.

Typical introducers would just give them a few lenders in an effort to sign them up, but not our firm. TDFC we understand that Factoring comes off the profit margin of companies and in this case Transport, they are already running at low margins as it is. One break down in a truck erodes those margins away totally.

We were able to explain that they could get a no lock in solution to fix the immediate problem, however, this would be costly and that if they could sustain a more lock in solution, they could develop a plan going forward.

One simple question, what can you do with the company once you’re back on top of your cash flow issues and have money in the bank. Get another truck into work was the consensus and get it with another debtor spreading risk. With excess to cash flow wages wouldn’t be a problem and by increasing work, slowly we can increase profits as were using the factoring companies money to do so.

This firm has developed the product and 6 months on has landed two more contracts and now has 5 trucks. Yes, they have a lot more money and profits, however, they also have a growing business with much more strain on themselves. Another situation that TDFC will advise on as they need help with infrastructure.

Would you like to know more about Factoring, DO’s and DON’Ts and what you can do to use this product to your benefit? Please contact TDFC today for an obligation free quote in writing.

 

New Business Start up with Debtor Factoring

New Business Start up with Debtor Factoring

Raising capital for new business’s is sometimes made easy by the banks. Maintaining cash flow through the growing faze of the business is a much harder problem to solve. Trade Debtor Finance Consultants (TDFC) specialises in finding products, such as Debtor Factoring, and lenders to help you through this part of your business strategy. Continue reading

Factoring Debtor Finance Myths

Factoring Debtor Finance Myths

Trade Debtor Finance Consultants was created so that business’s get the right advice about these products at no direct charge to your firm. These products are more expensive than bank products, however the risk is higher. Banks want assets to protect their interest and in doing so tie up the directors assets in the process and well as the business assets. Factoring Debtor Finance Myths are not all bad. Continue reading

Cashflow business? Factoring Stock finance

Cashflow business? Factoring Stock finance

Cashflow business? Factoring Stock finance

Trade Debtor Finance Consultants are now forming relations with accountants.

Consequently no matter if your a new business is a start up or your an established business. If your cash flow is not constantly coming in, your business growth is reduced. You abilities to generate discounts, create marketing, or put on staff will weigh heavily on your companies funds available. Factoring and Stock finance can be a life line to new business owners as they grow. Our firm offers the complete explanation about lenders who offer this Factoring stock Finance product. Continue reading

Factoring, Debtor Finance, Invoice Discounting, Invoice Funding is a reliable business finance product!

Factoring, Debtor Finance, Invoice Discounting, Invoice Funding is a reliable business finance product!

Factoring, Debtor Finance, Invoice Discounting, Invoice Funding is a reliable business finance product!

We cant have a money tree, try factoring for cash flow growth with Factoring

All businesses wish they could all have their own money tree. It’s just not that simple.

Debtor Finance, Factoring, Invoice Discounting have all been exploited in the past for all the wrong reasons. Robbing Cash flow to pay behind payments or bad debt experiences has often given businesses and factoring lenders a bad experience . For Example: what happens when the company gets into financial trouble and the costs of the lender add up, or the lender puts their funding on stop for whatever reason. 5/10 businesses in this position say the  factoring lender caused their business to fail.

When it comes to responsibility of bad decisions: Who signed up for the facility, who knew the costs, and who had the previous debt or problem before factoring. The owner did.  Whether the owner was explained the product and its structures fully, we at Trade Debtor Finance Consultants Pty Ltd (TDFC) will never know. Regardless of that, the owner holds all the cards and often an incorrect decision becomes a futile error in this cash flow finance product.

If the Finance facility is operated and maintained properly and is correct for your business,  it works.

TDFC has experienced staff to help you monitor the factoring lender and product to avoid any mishaps. They also have a large network of professionals to assist your business with any scenario. TDFC stand by service and if we don’t know we will use those contacts and endeavor to find a solutions for you, to make the correct decision.

Businesses need cash flow.

Another big statement is: owners say that their cash flow is great, we don’t need to debtor finance.

If you business is in that situation, of course you wouldn’t get a finance product. WRONG. This are the ultimate reasons for Invoice Discounting. Funding your invoices in advance of waiting to be paid, gives you the opportunity to push your business limits. Having the opportunity through Factoring, will give owners the ability to grow faster and strong more rapidly without security. You can place factoring costs in new job quotations . If you have more stock or staff you have the potential of more sales and growth. More growth means more profits and greater buying power.

The main alternative to Invoice Discounting or Factoring is the banks and overdrafts. You can go for that overdraft or line of credit, but in most cases its fixed lending and doesn’t grow when you do. Cheaper yes, but no flexibility can cost you jobs. Also securities of banks, can cost you equipment, and often banks take ownership of your accounts. Anything goes wrong, they put it all on hold. Most businesses are unaware of the security or power a bank has until its too late.

Debtor Finance is often secured by the debtors. It can be disclosed or undisclosed. You can have debtor insurance to help eliminate bad debt. It can be selective, it can be fixed fee, there are so many other versions available.

TDFC explains all the benefits of factoring and Invoice Discounting. TDFC has over 28 lenders and numerous products for you to choose from. With one call TDFC experienced staff members help you find the product and lender to suit your business needs.

For more information please contact TDFC today or visit our website www.tradedebtorfinance.com.au

Trade Debtor Finance Consultants Offers above Service With Debtor Finance

Trade Debtor Finance Consultants Offers above Service With Debtor Finance

Trade Debtor Finance Consultants Offers above Service With Debtor Finance

What Trade Debtor Finance Consultants can do for you?

 

Trade Debtor Finance Consultants have been celebrating some real achievements in the industry. Our firm has 30 plus clients to date. This could only be achieved through word of mouth from happy clients. Above all TDFC continues to support companies. Offering Debtor Finance, Factoring solutions offering up to 28 lenders with products to suit your business. Don’t get the salesperson pitch! Ask TDFC consultants for the complete explanation of the product and get referrals from happy clients.

TDFC consultants support clients with lenders for the life of the loan with no direct charge. Clients really appreciate TDFC Consultants hands on attitude. Lenders are also maintaining happy clients. TDFC consultants are trained to look at all types of industries. As a result every option is considered before advice is given..

TDFC takes service to the next level. Consultants have options for Trade Finance.Debtor Finance. Invoice Discounting and Factoring for commercial businesses. TDFC also have negotiated financial products for smaller new business and start ups. Consequently with smaller turnovers businesses that banks are not interested in.

We go the extra yard with advice.

TDFC consultants always try and get companies thinking of exit strategies after debtor finance. A perfect example: Would be to offer one finance product now. Advising that this is a solution for 12 months only. Furthermore assessing the next faze will a larger bank facility.

Contact TDFC speak to our experienced personal. Consultants now have a range of referrals and solutions for your company. Giving you the best Cash flow Finance solution.
Take a look at our website www.tradedebtorfinance.com.au

Or make contact inquiry to our website or make a direct inquiry at accounts@tdfc.com.au