Invoice Finance
Manage your company or business cash flow with a simple and flexible finance option. By obtaining invoice finance, you will never have to worry about paying employees, suppliers and other expenses.
Invoice finance (sometimes referred to as debtor finance) can be a useful financial strategy to help with short term cash flow management. For example, if you have strong sales but your payment terms with customers and suppliers means that you have a significant lag time between invoicing and payment, you might be facing a shortage in cash flow.
With the support of Invoice Finance, companies and businesses have access to immediate cash, alleviating cash-flow problems and allowing them to focus on running and growing.
Before applying for invoice finance, it is vital to know what your options are. There are two types of invoice finance, discounting and factoring. While they are similar in that they allow companies and businesses access to immediate cash based on an unpaid invoice, they hold other differences.
Invoice factoring
Invoice factoring allows a business to sell individual invoices to a lender, who is responsible for collecting the debt. In most cases, 70-85% of the invoice values are advanced, and after collection, the lender will transfer the balance to a company (minus their fees).
Invoice Discounting
An Invoice discounting loan or line of credit loan is secured against outstanding invoices rather than being sold to a lender. The lender will remain in the background and is not responsible for collecting the invoices. This allows companies and businesses to be more discreet with their financial situations, as the client will be unaware of the need for funding.
Our Service
With access to over 50 leading lenders, including non-bank lenders and private funding options, our team can offer customers competitive loan solutions and negotiate on your behalf. For more information on invoice finance, contact us today.
If your company or business needs a lifeline to fund a new initiative, grow your company, or keep it running, call us on 1300634634 for a confidential discussion of your business needs and your short term funding options, or complete the form and we will get back to you as soon as possible.
Short Term Funding Group - Helping Australian Companies and Businesses to secure funding.
1300 634 634
Level 25,100 Mount Street North Sydney 2060