Business owners in their first years of growth experience cash flow shortages. Young businesses often have many debtors past 14-30 days. This experience looks good in accounting systems. However its not in your bank. Business finance factoring is a possible solution.
Not having the ability to purchase more stock or put on more staff halts growth. Often owners purchase credit cards or even get secured overdrafts with their banks. This does fix a short term issue.
Factoring has Flexibility
Before we obtaining a facility you need outstanding debtors and invoices. Having more outstanding debtors gives you greater security with factoring. Generally you provide an invoice or batch of completed invoices to the financier. After the lender has verify that the invoices are complete. Also been placed into the payment process. The financier will offer up to 80% of those invoices into your account. The final 20% of the invoices will be released to you once your debtors pay for them. Importantly as your business grows so does you facility. With this in mind most banking products become more expensive as they grow. In most cases factoring lenders fees reduce to remain competitive. Another name for Factoring product is Debtor Finance.
They all range depending on the size of your company. They also are determined by the strength of our accounts parables and the time your invoices get paid. Our consultants will guide your firm through this process.
Factoring the flexible business finance
Trade Debtor Finance consultants offers an obligation free written quote. In this quote we explain factoring options and facilities. One call can change it all for your business. Our consultants will guide your business through the set up and running of the facility of choice. Again at no cost to your firm. Our firm strives for success and will help you deal with any situation. For more information please contact our firm or email your inquiry to firstname.lastname@example.org
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 email@example.com
Only weeks is a long time. Consequently in most cases small to medium business debtors are strung out over the Christmas break. Evidently putting a huge strain on their Cash flow early in the new year.
Trade Debtor Finance Consultants Pty Ltd (TDFC) is a business that was set up as the first of its kind in Queensland. As a result offer no nonsense answers about these products. With over 28 lenders in Debtor Finance and 9 factoring products to choose from. TDFC consultants explain, setup, monitor, and service your factoring needs. Furthermore liaising with lenders for the life of the deal with this Invoice Discounting product.
Factoring / Invoice Discounting is a finance facility that advance cash flow on invoices. This service allows up to 80% funding in your businesses cash flow instead of waiting the terms to be paid. Imagine getting 80% of your funds in 48 hours to pay wages. Even more pay for stock in advance, get bills paid on time, or hire those extra workers. More sales means more profit, more staff means more sales, less expenses means greater profits. All these can be achieved by utilising this factoring product.
TDFC consultants explain and show your business the way to achieve this. For a small fee you can get access to your cash and grow your business to the next level. As well have a TDFC consultant guide you through the whole process. TDFC also can explain a trade finance product which will work in conjunction with a Debtor Finance facility.
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? So you need help with Cashflow Finance?
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?
Factoring, Debtor Finance, Invoice Discounting Consultants in Australia.
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.
Trade Debtor Finance consultants Pty Ltd (TDFC) was contacted late last year by a transport companies, In most cases they had 3 trucks with 2-3 debtors. This firm’s owners were quick to explain that a shortage of cash flow has caused a problem. No cash means issues 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. Not our firm. TDFC we understand that Factoring comes off the profit margin of companies. Transport margins are very competitive and often tight. One break down in a truck erodes those margins away totally.
We explain Factoring.
Our consultants explain that they could get a no lock in solution to fix the immediate problem. In some cases 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. Start it working with another debtor spreading risk. With excess to cash flow, wages wouldn’t be a problem. As work increases, you can increase profits as were using the factoring companies money to do so.
It has been proven that within 6 months, companies have landed contracts and if required more 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.
Transport Using Factoring
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. Go to debtor Finance Questions and Answers.
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 →
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 →