
Explore Growth Possibilities with Debtor Finance

Explore Growth Possibilities with Debtor Finance

Small Business: Changing Your Financial Position with Factoring

Types of Factoring. Fully explained by TDFC consultants

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.

How Does Invoice Discounting Work
Hence how does Invoice Discounting work is a common question. Discounting is a term commonly used in Banks, larger Factoring firms for clients with a turnover over 3-4 million a year. Invoice Discounting is funding of your debtor list. It is lending 80-90% of outstanding invoices on a day to day basis.
If you’re a broker, it’s likely that you’re dealing with multiple client issues at once. You’ll notice that the busier you are, the busier you seem to become and your workload needs to be managed effectively. In this article, we’re taking a look at the many advantages for brokers in the world of factoring and invoice discounting.

Guide using Debtor Finance in Australia

Factoring unsecured