1300-428-734
Also known as Receivables / Working Capital / Cashflow Funding. This product enables you to access your unpaid invoices to fund your growth or overcome financial hurdles.In simple terms you would receive an advance (up to 100%) on your outstanding invoices- provided they are not past terms. Security is usually to the extent of the invocies.Trade debtor Insurance is sometimes offered as an ad on.
Dean Martin has worked on the inside for various lenders for many years and knows the good the bad and the ugly. He understands each lenders criteria and all the hidden stuff others don’t know.
On board he is accredited with all the main players and also can access private funding for difficult and tricky deals and has the respect of the market – meaning he will negotiate the best deal.
Most invoice factoring transactions are structured so that your company sells its invoices in two installment payments. The first installment covers about 80% of the value of your invoices and is deposited to your account within one business day of requesting the funds. Your company gets the remaining 20%, less the finance fee, once the customer pays the invoice in full.
Invoices are usually verified before funding. Verification allows the factor to determine that the invoice is due and that there are no issues that could prevent its payment (e.g., disputes, chargebacks, etc.). Factoring lines are based on your sales. Therefore, lines can increase as your sales to creditworthy commercial clients grow.
We’re here to help and answer any question you might have. We look forward to hearing from you
Get weekly email updates