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 firstname.lastname@example.org or phone 1300 00 8332
When businesses start Factoring, often its been given a reputation of disaster. Hence this product was given to businesses who were in diabolical trouble. As a result factoring is blamed for the collapse.
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.
Trade Finance is often not well known. It’s used for importing goods for resale and facilitating growth from foreign markets. As this product allows funding on purchases, there is no need for property security. Accessing funds utilising Trade Finance allows your firm to fund other areas of your business. In effect it can also allow your firm to purchase more stock allowing growth. It is a cost-effective way to increase your cash flow.
Debtor Finance Gives Businesses Owners access to Cash Flow
Today more businesses are finding that their debtors are taking over 45 days to get paid. Without a steady source of cash flow coming into the business, owners have been forced to eat into cash reserves of the company.
The banking industry has the overdraft facility for Businesses to access, however, banking has tightened up their lending guidelines. Banks are starting to add real estate security to overdrafts or assets of the company to the same value. You have options.
Factoring, Debtor Finance, Invoice Discounting normally doesn’t require such security. Your debtors are the strength in a Debtor Finance facility. Some Factoring facilities have debtor insurance attached in a facility, helping eliminate the chance of bad debt.