Transport – Factoring. I trusted Only One Firm With Factoring Consultancy
My own business transports goods all over the state. Those in the game, know it’s a long haul, but this business is my passion and pride. To see it grow and become successful is why I started in the first place. Continue reading “Transport – Factoring”
Your Business has made the first step in finding out about Factoring / Invoice Discounting and in most circumstances this is at no direct cost to your firm.
Factoring or Debtor Finance?
It’s a very tricky subject. Funding invoices and getting up to 80% of them in 48 hours instead of 30 – 75 days. Using this cash to catch up bills. Grow your business, buy more stock, and or employ more staff. Then getting the balance of the invoice ( The final 20% less fees) once the debtor pays their account.
The simple answer is yes Factoring does effect your collections. However, most of them are hoping that they don’t pay on time, and they can make additional fees.
Factoring, does it help with collections
What Debtor Finance is all about.
Factoring, does it help with collections is a common question. Debtor Finance, Factoring, Invoice Discounting are not all the same product. So how can the collections on these facilities be the same.
The simple answer is “yes”, Factoring does effect your collections. As a result having a as a third party can make debtors pay more regularly. This is most effective if you as the client have explained the process to them. Most Noteworthy is the longer your invoices take to be paid, the more its costing you.
Unlock the way to keeping fees down when Invoice Financing
With nearly 45 factoring lenders in the industry, each has a different collection strategy. This will depend on your size, your exposure, and of course the type of facility you have. If you have a facility where there is a daily interest added to your fee, then it would be reasonable to assume, the level of collection would be lower than a firm with a set fee.
Will Banks Help you with collections.
Bank products often do no collections as they are a confidential product, allowing the client to maintain all those procedures as the bank has access to the trading account to monitor. Smaller lenders don’t have that luxury and whether its disclosed or not, the client has to maintain constant checks to ensure that their accounts are up to date and their not incurring added interest or late fees.
Disclosed lenders, often put out statements, and will verify a percentage of the invoices, this acts as deterrent in most cases for the slack paying clients. Also seeing a financial firm on the bottom of the invoice, often makes clients avoid any nasty stuff come pay day.
However, conflict will often start if the debtor goes beyond terms, and its a large piece of your ledger. Factoring firms, will put other invoices on hold. As a result assist in heavy collection calls to avoid there being a bad debt. So please stay on top of your accounts when factoring.
For more information in regards to the different facilities, please call our office on 1300 00 8332 or email: email@example.com Trade Debtor Finance supports up to 28 lenders in Australia and each facility is different. At no direct cost to your firm, we offer our recommendations in writing. Therefore TDFC support your firm for the life of the loan.
The classic story in the agricultural sector is a tale of how much money is available at any time. Funds are necessary for equipment, stock, crops and much more, so one bad year (or several) can do irreparable damage to cash flow. Anyone who works on the land will tell you to keep debt under strict control at all times. All it takes is one unforeseen expense and you can find yourself with a lack of cash and bills piling up.
Trade Debtor Finance Consultants Pty Ltd Specialists in Debtor Finance
Waiting 30,60 or 90 days to be paid by your debtors? Is this stunting your business growth or straining your Cashflow. Your business may need debtor finance. It is also better known as Factoring, Invoice Discounting, or Cash flow Finance.
Trade Debtor Finance Consultants (TDFC) is a one stop consulting company specialising in only Invoice Discounting and Debtor Finance. TDFC was established to take the guess work out of these factoring facilities offering over 28 lenders with a combination of 9 different products.
Someone suggests to you that Invoice factoring is the way forward. You have done some research, and it seems to be more confusing than your mobile phone contract.
Why can’t debtor finance be made simple? There is pages and pages of information on the internet about this type of finance. They only problem it doesn’t tell you the right or wrong things. In most cases doesn’t tell you the right Factoring Lender to suit your business needs. It wont tell you if you really need it or not. Contacts are never mentioned or do you even qualify for a product.
You have a business and your getting by but you would love to have increased cash flow. Times can be tough and there are so many options. The real question is which option is the right one? You can make many long calls and by the end of the day feel like you just drove your phone bill up. Someone tells you about debtor finance and you think why not see if it may help. You search for people who may have answers but you afraid you may have to pay thousands for advice.
In September Trade Debtor Finance Consultant’s previous director was married in Paddington. Our family business was forced to slow things down for this day so it could be enjoyed. If you are a client, new person on the site or someone who works with us, I would like to fill you in on whats been happening at TDFC.
TDFC is a family business
It was created to help other businesses find the right products that suit their needs. In the beginning, TDFC was thought to be a silly idea. It now has helped many businesses find the right debtor finance products. We are personal and professional. Over the years our clients have became friends. So in turn, we would like to share whats happening in our world.
The day passed by so quickly. It was overall an amazing day. The weather was perfect and at the same time the River Fire was in rehersal. As we traveled to the chapel we had jets flying close to the ground above us. This made the whole experience of traveling to the ceremony less nerve racking and more exciting. I arrived at the chapel and the ceremony was great. The bridal party looked amazing with their purple dresses and cool suits. There was a lot of nerves, few tears, but mostly love. I can say nothing makes you more happy then marrying the love of your life and seeing people really come together to support.
after photos, and a few hiccups on our return. the reception was were we all decided to dance and enjoy what the day is truly about. The friends and family who pitched in to put up lights, set up tables, play the music, decorate the room, and manage the details made the day what it was. Afterwards there was a visit to hospital to see Nan who recently had a fall and was unable to attend. She was over the moon and very proud.
Back on Track
It was a terrific day and now TDFC is back into all things debtor finance again. If you’re in need of advice and a quote then call TDFC. We are here to support you and your goals for your business to grow. We are a free service to you because we care about providing you with solutions that solve your financial problems.
Trade Debtor Finance Consultants was created so that business’s get the right advice about these products at no direct charge to your firm. These products are more expensive than bank products, however the risk is higher. Banks want assets to protect their interest and in doing so tie up the directors assets in the process and well as the business assets. Factoring Debtor Finance Myths are not all bad. Continue reading “Factoring Debtor Finance Myths”