DEBTOR FINANCE - THE PLAIN FACTS REVEALED

How Does It Work?

To qualify for debtor finance, the first requirement is that you have a business with business customers you deal with on credit terms.

In other words, debtor finance applies to B2B invoices.

Together with you, we work out which debtor invoices you would like get paid for straight away. We then buy the debtor invoice from you for cash - up to 90% of its value - and arrange for your customer to pay us.

When the customer has paid us, we pay you the remainder (10%) less our fee.

The arrangements are very simple and straight-forward. All your customer needs to know is where to pay the money for selected invoices. We have had many years' involvement in the business management and advisory space, so you can be sure that it's all handled professionally and with maximum discretion.

Is It Expensive?

Depends what you're comparing it to. The cost is typically around 5% to 7% of the invoice value, but it depends on the amount and time frame involved. Often there's choices to be made, and we work out the best timing with you as part of the deal, so you know exactly what you're up for, and the cost to you is minimised.

It helps that we accept early repayment without penalty, and there are no application fees or account charges, and no property security is required.

The minimum debtor finance period we accepts is 14 days, but other than that, there is no locked-in or minimum cost requirement.

Is It "Last Resort" Finance?

Yes, it can be. If bank finance is not currently an option for you, then other possibilities are:

• work on your budgets to free up some cash flow
• credit card
• maybe a caveat loan (if you have equity in real estate)
• purchase order finance (generally property security required)
• some form of debtor finance (that's where we fit in)

Why Would You Consider Debtor Finance As An Option?

The value proposition comes down to this: Would you rather have 94.5% of something substantial, or 100% of nothing? 

Nobody likes paying, that's why you're reading this.

But the thing is, if slow cash flow is stopping your business from moving forward, or if you have an urgent problem such as getting the cash for this week's payroll, then you probably stand to lose more by doing nothing. 

What we offer is a finance option that doesn't tie up any property security, or lock you in. To keep costs down, Debtor Finance is best used as a "stand-by" arrangement. It's there at short notice, and only for as long as you decide you need it.

Contact Us Now For A Free Consultation

For an honest appraisal of your business's cash flow options, with no obligation, contact us now. We'll give you straight answers. No B.S. or sales persuasion. Call Nathan  1300 055 233 or Fast Track a confidential debtor finance application here.