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.
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.
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 →
Debtor finance solutions helping us through tough times!
Debtor finance solutions helping us through tough times!
First of all Debtor Finance, Invoice Discounting, or Factoring is the only facility left that doesn’t require security and grows when you grow. Ask Trade Debtor Finance Consultants Pty Ltd (TDFC) what is Debtor Finance Today!!!
Bank loans and overdrafts will always be a better option, if you have security and time to set it up. While this is being completed many Businesses are undergoing a cash flow squeeze, caused by the late payment of invoices. Trade Finance is also a viable options to help ease cash flow.
Should I use factoring, or shouldn’t I. Debtor Finance is a product that was created to help stretch your cash flow in the sticky times.
For example: Slow paying debtors. Creditors who demand payment. Purchasing stock or equipment. Recruiting more staff. Wages paid weekly. Also having to pay any tax arrears, or just piece of mind. Continue reading →
Statics released from DIFA media release showed that Debtor Finance or Factoring is back on track and growing rapidly in Australia. These findings show that business owners are taking advantage of this type of facility to grow their businesses.
In Australia with the change in Government, new businesses are at their highest figures in years. Great thing about Factoring, they finance most Industries.
Most businesses invoice our their products or services on account. Normal terms are 30 days. This has been going on for generations. Most business owners rely heavily on credit in order to supply more product to an ever growing sales ledger. More you spend and pay back the more credit you receive.
Simple business really, until the credit drys up. All it takes is for one or two debtors to delay in paying and suddenly your cash flow starts to stress. Not being able to full fill future orders, pay bills on time is suddenly a big concern.
Cashing Invoices for Money
What if I told you that factoring or debtor finance lenders specialize in growth. Your facility grows with the amount of clients you have. As you become a larger client, lenders reduce their fees and extend finance rapidly. To avoid defaults, lenders conduct searches into credit back grounds of future clients to protect your investment. Also factoring lenders security is the invoices involved.
Ask yourself does overdraft, line of credit, or credit card facility do that? Often with bank facilities. If there is any delay in payment the whole system stops. This can be catastrophic to a business. Not with debtor finance facilities. Factoring staff work in with you to help pressure or pursue payments of slow paying debtors.
Fees, yes it will be more expensive that an overdraft or line of credit. However your ascertaining flexibility. Not only in the amount your drawing, but also flexibility in the facility should you grow. Often bank products take weeks for growth to happen, and it often depends on your equity in assets. Fees charged can be offset in growth or tax credits. Factoring if used correctly can be a weapon for success in business in a number of ways.
Contact Trade Debtor Finance Consultants Pty Ltd.
This is where Trade Debtor Finance Consultants comes in. Our firm offers a complete explanation of products and lenders. Finalizing with an obligation free written quote. If you choose to go with one of recommendations. We will give you support for the life of the loan if required. One call could change your businesses outlook for the future. Call us today 0460 448 955 or email email@example.com.