Simply put, a Debtor Finance facility will help you improve your cash flow by providing an immediate advance of cash against your outstanding invoices.
When you raise an invoice, up to 80% of the value of the invoice is immediately transferred into your account. Once your customer pays, the remaining 20% is paid to you less the financiers fee.
As the saying goes - "Cash is King" and that's why Debtor Finance can be a very useful finance tool for your business:
Debtor Finance is suited to almost any business that sells to other businesses on credit terms. Most industries are eligible including, transport, manufacturing, wholesale, labour hire and construction. In some instances, sub-contractors within the construction industry can also take advantage of this type of facility. Debtor Finance can be the answer if your business finds itself in any of these situations:
A client was utilising a high interest rate unsecured loan to assist him in growing his business...
He had the opportunity to start supplying a national chain but his credit limits were not sufficient to take on the business. Aussie was able to pay out the original lender and utilise a Credit Line secured against his debtors to enable the client to grow and supply his new client. Since then, the client has taken on 2 more major chains and his business has doubled in size.
Whilst there are a number of funders that provide Debtor Finance, our point of difference is that we aim to match our clients with lenders who have the right attitudes and staff to match our client's business.
