Access Debtor Finance Facilities For Unpaid Invoices
Immediate Cash Flow Relief.
Debtor finance can be a lifeline for business owners who find themselves in a temporary squeeze, but it can also be a permanent strategy that allows you to focus new revenues, rather than chasing old debts. We all experience the problem of unpaid invoices from time to time. The question is – how much negative energy are you putting into it, and is it worth your time?
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How Debtor Finance Companies Work
Debtor finance companies will buy your aged receivables for a percentage of the dollar. They operate by knowing their success rates in collecting the monies owed, and of course they’re not emotionally involved in the transaction, which makes it an easier process. Loanright compares a range of debtor finance companies across Australia and brokers the very best rates, terms and conditions for you.
Invoice Finance Factor For Immediate Cash Flow
Also known as Invoice Finance, Debtor Finance turns your outstanding invoices into immediate cash that you can reinvest into your business. If your business has a long working capital cycle, you may be able to use your accounts receivable ledger as collateral to release the cash owed to you.
Upon approval, this convenient and flexible cash can be accessed as required. Perhaps you need to purchase new equipment, prepare your inventory for the upcoming season or produce and sell more goods? Don’t allow unpaid invoices to interrupt your business – access flexible cash with a Debtor Finance facility.
When it comes to Invoice finance, the cash you have access to is determined by, and grows with, your ledger. By comparison, a bank loan or overdraft, facilities are usually limited by the amount of attached security.
Somewhat curious about Invoice Finance? Reach out via phone, or enquire online to learn more and a confidential discussion.
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The Mortgage Broking Process For Invoice Finance
Getting a home loan isn’t always a walk in the park—it can be a bit of a process, but if you team up with one of our mortgage brokers, we’ll have your back every step of the way, making sure you’re on the right track from the get-go.
- Initial Chat: We’ll start with a detailed chat to find out what makes your business tick. What are your business goals? What does your cash flow look like? And what is your financial position?
- Collect your information: We’ll then send you a small checklist and some links to provide the information we need to analyze your options
- Discuss the options: Next, we’ll show you our findings and discuss the pros and cons of the options available. This may include cash flow modeling and the effects of loan costs on your P&L.
- Apply for the loan: Once you’ve decided exactly what limit, product, and structure you would prefer, we’ll get to work on arranging your approval.
- Draw down: Draw downs for Invoice finance work a little different from most other loan types, as you’ll draw your loan down each time you create an invoice. Once your invoice is paid by the debtor, a portion of your loan is paid back. This cycle continues until such time that you no longer require the facility.
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Invoice Finance Support
So here’s how we keep things simple for you.
- Since Invoice Finance is an un-regulated finance product and security is taken over the invoices themselves, the application process is usually pretty simple. We have plenty of experience in these loan types and will make sure we take your loan to a lender that wants to work with you.
- Invoice Finance is a unique loan product. While it has its benefits, it also comes with very different fee structures. We’ll make sure you have a good understanding of these so that you can factor the costs into your business.
- Once your facility is approved, your accounts team will need some guidance on how to manage the invoices and draw funds down from your facility. We’ll make sure they have all the help they need so that payments aren’t missed, and you can focus on running your business.
- Invoice finance is often seen as a short-term solution. If your business is profitable, then it’s only a matter of time before your working capital catches up with your cash flow requirements. We’ll be here to analyze the numbers with you and make sure your business is comfortable without the facitiy before you finalise the loan.
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How Can Invoice Finance Help Your Business Growth?
Invoice finance can provide an almost immediate working capital injection for your business. This may be used to fund new jobs, clear ATO debt for future loan applications, buying stock, or covering wages. Working capital requirements are often quite high for rapidly growing businesses. If your business is growing fast, it may be worth chatting with us to see if Invoice Finance is a good solution for you.
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Why Team Up With A Broker For Invoice Finance?
Invoice Finance facilities are offered by some of the majors. However, these banks often require full vision on your trading figures and will generally want to hold property as security and take on any external lending facilities. We also have access to non-bank lenders who work specifically in the Invoice Finance space. Their approval process is fast. They won’t want to use your property as security, and their systems and processes are set up specifically to make sure that the ongoing management of your drawdowns and payments is smooth and simple. You don’t necessarily pay more for these lenders, and you don’t have to provide your organs in order to get the loan set.
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Customer Reviews & Comments
Instead of talking our finance brokers up, please read our customer reviews left by customers after using our service. This is a direct feed from our Google business reviews, so you know they are 100% genuine.
Tegan Shingles
12/4/2024
Sam & Shayna have been fantastic throughout my whole processing of purchasing my new home. No question went unanswered and both have always been a pleasure to talk to.
Daniel O’Dea
12/4/2024
Brett and Alicia came highly recommended from a work colleague. I had previously gone through a pre approval process with another broker (which will remain unnamed). The difference was night and day. Being a first home buyer I had no idea what I was doing. Both Brett and Alicia were so accomodating and answered all my silly questions and walked me through EVERYTHING step by step. We had my pre approval through in about a quarter of the time of the last brokers!! Once I found the home I wanted to buy it was literally the easiest thing in the world. They will be getting all my business.
Daniel Tew
6/12/2024
Brett was recommended to us for our business loans and now 2 1/2 years later he has helped us buy our home. They where always available for any questions (even the silly ones) and returned phone calls and emails promptly. They made buying a house so easy and everything ran smoothly and on time. Both Brett and Alicia are very knowledgeable and efficient in what they do. I would highly recommend Brett and Alicia for any of your loan needs.
Adrian Chrisanthou
12/4/2024
Thanks so much Brett for your professionalism and tenacity in regards to getting my deal done with loanright. I look forward doing business with you in the future as I found the experience seemless and timely. Keep up the great work Brett and team
Kaylee Gruettner
6/12/2024
We very recently sought advice from Loanright Financial Services regarding home loan refinancing options. Sam, Luke and the team have been incredible during this process! Their customer service is second to none, consistently outstanding and exceeded my expectations every time. Sam is always inviting and made us feel comfortable but is also highly skilled, professional, efficient and kept us updated and informed in all steps of the process. I highly recommend Sam and the team at Loanright and will continue to tell everyone we know. Thank you all for taking such good care of our family!
Paul Brownsdon
6/12/2024
Our recent experience with Luke and the team was fantastic. Right from the start the communication and customer service was absolutely perfect. We’ll use loanright again, and would recommend them to anyone looking for finance.
Ashley Pearce
12/3/2024
Luke and the team helped us with a refinance and we couldn’t be happier with the result. I would highly recommend the Loanright team to anyone.
Mika
6/12/2024
I was really a beginner to home loan and buying house but Shayna and Sam explained one by one and helped me to buy a house! I had a great experience with them and I highly recommend!
Tim McGary
12/4/2024
OMG!! These guys are next level good. They have just settled our new home loan and we had another guy that took 4 weeks and did nothing. We then called these guys after a friend said they were amazing. They got us a home loan approved from start to finish in 35 days and I have just been released from a personal bankruptcy a few months back. We were unconditional on our purchase contract by the time we met these guys so they had to do everything perfectly and super quick. They did it with ease and the customer service and follow up and friendly attitude was totally incredible. I couldn’t recommend them anymore if I tried.
Felipe Prado
12/4/2024
We trust the Team at Loanright with our financial guidance. Throughout the whole process they make sure you are informed in time, accurately and with all the transparency you could ask for. It really sets you at ease that they have your best interest in mind. Their customer service is prestine and always available for you to ask any questions you may have. Thank you Loanright Team!
Alyshia Judd
12/2/2024
I had a fantastic experience with Alicia. Super friendly, warm and knowledgeable 10/10.
Melissa Fairbrother
6/12/2024
Every experience with have with Brett and Alicia for all our lending needs have been so easy and they deliver every time. Transparency, efficiency and always happy to help. We recommend this duo to everyone for any lending needs. All the team at Loanright are truly amazing!
Get In Touch With A Broker Near You
If you’d like more information about how to use finance to grow your business, then reach out and our commercial finance team will happily assist. Whether you’re in the market for vehicle finance, or specialist equipment, we have 100+ lending partners to choose from. You’ll be tapping into Australia’s largest network of banks and lenders.