Invoice Factoring
Invoice Finance Factoring, also known as “factoring”, is a quick solution that can help with your business cash flow. A third-party company will buy your invoices from you and provide you with immediate funds. In most circumstances, the factoring company with then manager the collection of the invoices and you will receive the balance, less the factoring companies’ fees, once finalised.
- Increased Cashflow
- No Security
- Low Interest
Invoice Factoring : Eligibility Criteria
Lending criteria may vary lender to lender, so we take the time to understand what your business needs. Generally, when assessing eligibility, a lender will require the following:
- Annual turnover of $200,000
- Business has been trading for at least 12 months
- Operating at a profit and be creditworthy
