Finance your business idea with Factoring flexibility
In the perfect world each owners would be able to finance their business idea into success without finance facilities. Often this is not the case and your valuable assets are tied up quickly by the big banks.
Imagine creating a business model with finance already approved to grow with your success. All you need is flexibility from a finance company. Easier said than done without offering up all your assets in the progress.
Factoring products can be you answer to success
Debtor financing your invoices will give access to your unpaid invoices through your growth phase. Factoring has been given a bad name over the years for costing to much and sending a business broke. The real question is when did some of these businesses decide to use factoring products to save their business. If you use factoring at the start of your business and work its costs into your model then it will be much more successful.
Most factoring lenders are willing to work with each business as they grow. This has benefits to both the factoring lender and client in making money.
Trade Debtor Finance Consultants will guide you through Factoring products
Trade Debtor Finance Consultants is a family owned and operated business. We specialise in the explanation and setup of factoring lenders and products across Australia.
Our firm takes the time to listen your business plan or idea and formulate a factoring plan. With access to over 20 lenders Australia wide and a range of products our consultants will offer the best possible solutions. Factoring invoices is a simple product. However businesses are not always straight forward and have a range of requirements.
Don’t guess talk to a Trade Debtor Finance Consultant today. 1300 00 8332 or email firstname.lastname@example.org
Cashflow Finance supported – Trade Debtor Finance Consultants. Cash flow finance, also known as Debtor Finance. It is a flexible funding option helping manufacturers, wholesalers and business services. As a result it improves cash flow by releasing up to 80% of the cash locked up in outstanding invoices within 48 hours.
For example owners invoice today for completed transactions. Submit that invoice to a factoring lenders and once verified can draw up to 80% of the value immediately. When the debtor pays for their invoice the final 20% less fees will be released to your bank account.
Factoring, Debtor Finance, Invoice Discounting, Cashflow Finance are basically the same product.
As stated there is many names for these facilities. Funding of invoices has been used for hundreds of years. Unfortunately not always used in the best ways. Never the less if these products are used correctly can be the most rewarding finance product in Finance. If you ask your accountant today about these products, you will acknowledge if it suits your business.
Debtor Finance companies use debtor invoices to fund. As this is the most cost effective way. Hence rather than other Finance businesses lending against other assets such as stock, plant and equipment and property.
As a result debtor finance services can help you take full control of your cash flow and move forward again.
Six Reasons why Cashflow Finance Lenders.
Improve cash flow Fund sales growth
Release the family home from the business
Funding limits automatically grow in line with sales
Increase margins by gaining early settlement discounts
Protect the bottom line by reducing early settlement discounts
Increase business by extending terms with confidence
This is Why you call Trade Debtor Finance Consultants.
Therefore Trade Debtor Finance Consultants will give you answers the lenders forget to mention. In conclusion Trade Debtor Finance Consultants will help you setup and monitor the factoring facility. Rather than have trouble, Trade Debtor Finance Consultants will help you to avoid any teething periods. There is also a Trade Finance option as well. For more information please contact Trade Debtor Finance Consultants today!
Most clients want a straight up answer. How much does it cost. How long to I have to use it for. What are the break fees if I leave early. What happens if a debtor doesnt pay.
Simply questions, simple answers. TDFC answers those questions in one call.
Trade Debtor Finance Consultants has Business Cashflow in Sights-Factoring
Trade Debtor Finance Consultants has Business Cashflow in Sights-Factoring. Businesses that are getting told by lenders why there product is better than each others. Unfortunately you are not being informed of benefits of different facilities in the market. Therefore business owners make informed decisions off the quality of a sales person pitch.
What should you concentrate on when in a factoring Interview!
Furthermore its important to remain focused in the interview on your business needs. Its not all about how much you will receive each time you factor invoices. Hence there are so many factors to consider. Pricing, Contracts, collection strategies, and security required. Not to mention how are your clients going to handle dealing with a third party. We at Trade Debtor Finance Consultants state that your only as strong as the foundation you lay.
Trade Debtor Finance Consultants consultants take time to explain each product, insuring your needs are met.
One of the many products TDFC (Trade Debtor Finance Consultants) explain with no nonsense answers. Others include Invoice Discounting, Factoring, Debtor Finance, Trade Debtor Finance, Single Invoice Factoring, and Business Finance.
Factoring unsecured alternative to Overdrafts or Line of Credit facilities.
Get your money flowing with Factoring. No lengthy delays in approval. Another reason is there is no real estate security require in most cases. Debtor Finance facilities are as flexible as you desire and facilities grow when you grow your business.
Do you run a business?(even brand new)
Are you want a finance product that doesn’t involve your house or other assets?
Would you want to maintain collections?
All you want is access some of your outstanding invoices ahead of payment when you need it, and your debtors searched to avoid risk.
Well Partnership Factoring is your ideal product. It is an overdraft secured against your debtors.
Tell me more about Factoring.
Simple criteria. Are you turning over $20 000.00 a month. Do you have 3 or more debtors. Do they pay you more than 14 days. If yes is your answers then you have the ability to to factor your invoices. Increase cashflow to buy more stock, to pay wages or fuel, or just pay bills ahead of time and receive a discount.
Five steps to Cashflow Finance.
Therefore once a facility is approved send in your completed unpaid invoices.
Lenders will verify that these invoices are completed and correct ascertaining a payment date.
You will be given an approval percentage to draw down. Most of all you can draw up to 80% of each invoice almost instantly.
Due to constant invoices, you can draw down funds as many times as you need. All you have to worry about is making sure payments are made on time each month to the lender.
In conclusion once payments for invoices by debtors are made. Full amounts are placed against you loan amount. Hence its just like an overdraft. Fees are invoiced monthly.
This involves you placing all your invoices for factoring. However lenders will approve a set limit to be borrowed. For example if you invoice 50k a month. Your line of credit facility could be 25k. These facilities can be set up in a day or two. Not always the cheapest option. But they can be selective and very flexible in use.
Call TDFC Consultants Today to find out more.
In addition for some no nonsense answers in relation to products and lenders. Please log on to our website www.tradedebtorfinance.com.au. Furthermore you can email email@example.com or phone 1300 00 8332
Most Australian businesses rely on there customers paying up before the christmas break. Having outstanding funds over this period until they return in January causes massive cashflow issues.
Cashflow Running on empty, Top up with Invoice Discounting.
Cashflow Running on empty, Top up with Invoice Discounting. It is very easy for our firm to say this. Often each business has a range of scenarios and issues to address. Invoice Discounting, Factoring, and Debtor Finance are all finance products developed to assist owners improve Cashflow.
Will Invoice Discounting work?
Invoice Discounting is not here to help you collect invoices. Most Australian business’s rely heavily on their customers paying their invoices on time. Having outstanding funds overdue, puts most businesses in some type of financial hardship. In most cases it causes the business to have cash flow issues. Some believe that Debtor Finance or factoring will help with this Cashflow. In most cases its further from the truth. Lenders are only interested in financing invoices. In most cases they are not focused in the collection of invoices.
Debtor Finance Lenders can help if your clients will extend their terms. In these cases they often will extend payment terms and allow a small increase to clients who accommodate them. Factoring lenders will fund those debtors absorbing that increase, but the current business owner can utilise cash from those invoices to grow.
TDFC Explains all about Invoice Discounting!
TDFC (Trade Debtor Finance Consultants) are here to offer you a wide range of lenders and products to suit your business needs. Whether it be a long term agreement or a short funding facility. TDFC consultants explain it all in great detail. TDFC consultants also provide assistance for the life of the loan, having experienced personal whom know the ins and outs of these services.
How do Debtor Finance Lenders work?
Clients submit their ledger for the week or month and the Credit department of the debtor finance lender will verify those invoices. Once they have verified a percentage of invoices, lenders will make available up to 80% of their whole value to the client to utilise. When the debtors pay, each invoice is paid off the ledger. The final 20% of the invoice is released to the client once invoices have been reconciled. Basically its an overdraft on your receivables. You as the client dictate how much you borrow or draw down each month. And only pay interest on that amount you have borrowed.
Invoice Discounting is crucial to a business’s Cashflow. For a fee between 2-5% for 60 days will save you much heart ache. Some great advantages to Invoice Discounting are you can dictate how much interest you are paying by how much you draw down each month from your availability of funds.
Example is you have $100 000.00 worth of invoices. Once verified you can draw with Invoice Discounting up to $90 000.00 within 24 hours. Flexibility is if you only need $20 000.00 your only paying a per annum interest on that amount. Sure you can borrow more if required. Faster paying debtors will pay their invoices and this amount is reduced like a loan. Its funding made easy.
This is how TDFC assist your business and decision regarding Invoice Discounting.
This family owned and operated business has been helping all types of businesses receive a better understanding of these Cash Flow products. Giving owners options and explaining products and lenders, gives your business the opportunity to see if it will assist going forward.
It is the most nerve racking situation. Ascertaining finance for your business, or factoring Small Business, is a scary proposition to most. Handing over your invoices to a lender in order to access cash flow.
Small Business often wonders how to improve Cash Flow. The simple scenario, its all started with owners having a great idea. Therefore owners put up some funds and start their new business.
Often their business goes great for the first few months. As they grow, businesses ensure heaps of sales out the door. As a result end up waiting for clients to pay, strangles their only cash flow.
Suddenly they approach the banks for some finance. You’re too young in business. You don’t have two years financials, no BAS record, your sales are too unpredictable.
Or we will give you a credit card, or a small overdraft. If you have property, they will secure this in order to give you more money. You’re left wondering what to do next.
There is a way to achieve finance without security.
Debtor Finance or Factoring. These lenders are only interested in one thing, YOUR DEBTORS (Account Receivables). They will lend in most cases up to 80% of those invoices upfront, instead of waiting for you to get paid. Giving you the balance when the debtor pays for the invoice.
With over 28 Lenders in the country it’s not hard to find a lender that will suit your needs. That is if you’re with Trade Debtor Finance Consultants.
This is Why you call TDFC.
You could spend hours on the phone, and still not get the right lender. With one call to our office, we will give you a range of options. In this obligation free written quote. You will receive up to four of the most suited lenders to your business to choose from.
Our consultants will explain to the lenders your scenario and it means lenders can focus on price and products. Best of all it’s at no upfront cost to your business. Even when you have your facility, TDFC will also offer support to your firm for the life of the loan. Again at no cost to you.
Trade Debtor Finance Consultants have settled over 300 deals in our operation of 10 years. This has been from a wide range of industries and scenarios. But don’t take our word for it, ask us for our many referrals.
Trade Debtor Finance Consultants (TDFC) has has a very successful 2009 in the factoring world. TDFC is gearing up to double in size in 2010 and become the largest consultancy in Australia with the most lenders and products to offer. TDFC proudly supports Invoice Discounting, Partnership Factoring, Full Service Factoring, and Confidential Factoring.
Welcome Debtor Finance, Factoring into 2018
Trade Debtor Finance Consultants (TDFC) has had a very successful 2017 in the factoring world. TDFC is gearing up to double in size 2018. Therefore become the largest consultancy in Australia with the most lenders and products to offer. TDFC proudly supports Invoice Discounting, Partnership Factoring, Full Service Factoring, and Confidential Factoring. Continue reading “Welcome Debtor Finance, Factoring into 2018”
Often business’s are unhappy with their existing lender for one reason to another. Collections, lack of service, too hard to understand, Client manager keeps changing, or they simply don’t move as your firm changes direction or grows.
Which Debtor Finance Lender Suits Your Business
Often businesses are which lender will suit their needs. TDFC explains products and operations to each client inquiry. Most of all the fees involved with each lender.
I would like a dollar for every client who has a facility or been involved in a facility stresses their disappointment. Debtor Finance lenders offer a range of products. Often the one offered, isn’t helpful nor what you asked for. It may have not always been the best one that suits you.
Debtor finance lenders have bills to pay also, so they will try and get you what you want, but in the end, they also will have costing and securities that suit their needs.
Trade Debtor Finance Consultants offers all this information at no direct cost to your firm, as well as support for the life of the loan, again at no cost. It is our goal to change the stigma around this finance product.
Yes it is more expensive than traditional lending, but it is the least secured, it grows with your firm, also giving your backend procedures strength. This is with work completed, and the collections of invoices. Most lenders have file notes, as well as your own firm. So with this in mind, it will help keep bad debts to a minimum.
TDFC explains Debtor Finance
If you’re in a product and you would like a fine tune, or perhaps it wasn’t explained to your firm fully. Please give us a call, we would be glad to try and assist where we can.
For more information, please email our staff firstname.lastname@example.org
Let our Debtor Finance Consultants help you with a choice of lenders.