Immediate cash flow for your business – release the cash owed to you!
As business owners we all experience the problem of unpaid invoices from time to time. Some more often than others, depending on the industry you’re in and your invoice terms.
So how can you ensure this doesn’t put a strain on your cash flow and prevent your business from growing? A Debtor Finance solution could be the answer you’re looking for.
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 solution.
When it comes to Debtor Finance, the cash you have access to is determined by and grows with your ledger. By comparison, a bank loan or an overdraft are usually limited by the amount of attached security.
Give us a call today or enquire online to tap into funds and keep your business moving!
Choose a Loanright Broker to be your advocate
As Finance Brokers we listen to you to understand YOUR needs, then we compare a variety of Debtor Finance products available from Australia’s leading lending institutions.
We’ll make sure you are matched with a solution that works for you.
Keep Competition Alive
We work with multiple lenders, to keep competition alive.
If Finance Brokers were not in business, competition and choice in the business loans arena would decline. Bank power and the risk of higher interest rates would increase, leaving Australian businesses to pay the price.
Once we’ve established which loan suits your needs, we’ll get to work on your application, complete all the paperwork and submit it to the bank on your behalf. Our aim is to save you time and stress, and to get things moving as quickly as possible so you can focus on running your business.
An extension of your business
We don’t just set you up with a loan and forget about you. Our goal is to get to know you and to become an extension of your business.
We’ll always be here to help you to secure market leading finance solutions. We’re only a phone call away and once we get to know your business, applying for future loans becomes even easier.
Luke was fantastic. He handled my complicated loan structure like and absolute pro, always answered his phone when I called, and in general made the process very smooth for a first time home buyer.
Luke had great attention to detail and was excellent in explaining our choices so that we could easily assess our finance options. Luke’s communication was clear and precise and he kept us informed throughout the whole process. We will absolutely be recommending Luke’s services to family & friends.
Hi Luke, Thank you so much for your patience and expertise. Without your help we weren’t likely to have gained approval to allow us to achieve our property goals. We’ll be sure to recommend you to all of our friends and family.
My husband & I are ecstatic with what Luke was able to achieve for us in a 4 & 1/2 day timeframe. We needed a pre-approval for an Auction on the Saturday. After having the run around around from another Broker for 2 weeks I called Luke on the Monday lunch time. Luke asked that I send everything through and he would have an answer to let us know if it was a ‘deal’ by 5pm that day. Luke called me at 3pm with an indicative response as he saw no issues to proceed with an application for finance. He was at our house 5:30pm that evening. Our circumstances were a “little outside of the box”. He spoke with us in regards to the lender he was looking at, to the detail of the product that would best suit us, repayments and explained the steps going forward. Luke had our application submitted the following day, our pre-approval followed on Thursday afternoon. We were successful at Auction on Saturday!!!
This is my 10th home I have purchased and the first time I have used a Broker and I was very impressed with the knowledge that Luke had. There was not one question he could not answer and he got us a better interest rate than the bank I have dealt with for the past 15 years. My bank would not give us the money to buy our latest home, but with the help of Luke he made this happen for us. I have already recommended him to a friend of mine and I would not hesitate in recommending Luke to anyone who was in the position of buying a home.
We have found Luke to be very accommodating to our needs in finding and setting up the right loan structures for us now and for the future, as well as helping us to understand the whole process. We would highly recommend Luke and loan right to anyone looking at purchasing a house or land.
Luke, just wanted to say thank you for everything you have done for me regarding the refinance of my existing property and purchase of my new property. It has been a pleasure dealing with someone with so much personal experience in property investment. Everything went so smoothly and I am extremely happy. Once again, thank you. I will not hesitate in recommending you to any of my friends when they are seeking finance.
Miracle Worker! When I first approached Luke for his services, I presented him with a pretty unrealistic situation where I had put an offer on land and had a very minimal deposit and limited time to arrange finance. With no hesitation what so ever, Luke immediately began helping us providing us with multiple finance options to work with. Luke was the first broker I had spoken to that I 100% understood when explaining how finance works! Although we did have a few hiccups with the banks during our process, Luke never presented an issue to me without a possible solution, he was willing to go over and above all expectation to help us through it and kept me informed every step of the way! Luke has helped us turn our dream into a reality in building our first home and I couldn’t thank him enough! I would have no hesitation what so ever in recommending him to anyone and look forward to working with him again in future!
Luke was very helpful on explaining all the processes buying a house here, always got back to us straight away with any questions and made buying our first house here in Australia very easy. A very friendly and approachable person.
Kelli worked with me to develop a plan of what I needed to do in order to apply for a mortgage. We stayed in regular contact as I achieved each milestone reviewing things along the way. It was great having a plan to work to, being in regular contact motivated me to reach each milestone. The application process was easy too – Kelli told me what I needed to provide and she did the rest. And best of all the whole process was done online and over the phone. Both Kelli and Luke were always available to answer any questions along the way. I felt really informed.
Debtor Finance FAQ's
Also known as Invoice Finance, Debtor Finance turns your outstanding invoices into immediate cash that you can reinvest into your business.
You could raise an invoice and not receive payment for those goods or services for 30-90 days. With Debtor Finance the cash owed to you is released as soon as the invoice is issued.
When it comes to Debtor Finance the cash you have access to is determined by and grows with your invoice ledger. By comparison, a bank loan or an overdraft are usually limited by the amount of attached security.
We can arrange debtor finance for all types of businesses. Debtor finance is often required by businesses who have long working capital cycles such as those in manufacturing, engineering, transport, mining services, labour hire and more.
New ventures can also benefit from debtor finance as it allows them to grow quickly and pay for start-up costs. Debtor finance may also help businesses who are struggling to bridge the gap between raising invoices and the funds being received.
Talk to us today to see if a debtor finance solution is suitable for your business.
Debtor Finance products are used to run or grow your business.
Just a few ways Debtor Finance can assist your business include:
- Pay bills on time
- Pay employee salaries
- Purchase new equipment
- Upgrade equipment
- Prepare your inventory for peak season
- Produce more goods so you can sell more
- Invoice your customers for goods or services
- Send the lender a copy of the invoice
- Up to 80% of the invoice will be available to you within 24 hours
- The remaining 20% will be paid to you when your customer pays the invoice, minus any fees incurred
Funds are usually paid within 24 hours of submitting the invoice.
No, you decide which invoices you would like funded and submit those to the lender.