Factoring, Debtor Finance, Invoice Discounting Consultants in Australia.

Advertisements

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.

Continue reading

What is a Factoring Company?

Advertisements

What is a Factoring Company?

What is a Factoring Company?

There are a range of different Invoice lending Companies around Australia. These companies fund clients invoices to assist in Cash flow. These firms charge fees for this service. The larger the firms the greater buying power with the banks. Fees are cheaper the larger the firm.

Continue reading

What are the best Business finance products?

Advertisements

What are the best Business finance products?

The most common business finance product is and overdraft. Often secured by the directors and unless the business is in top shape, secured by assets as well. It is the cheapest and most used funding for a business. However, it is a not the most flexible. If a business grows, then the bank overdraft takes time to do the same. Often frustration from clients as it clearly doesn’t grow with them.

Continue reading