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 email@example.com
Firstly Trade Debtor Finance Consultants explain Factoring – Free Quote. Small business owners across Australia often place a majority of their own funds in their ventures. As a result in the first year of business. It’s not unusual for new ideas to diminish.
Most of the time business owners haven’t been trading long enough to ascertain a bank finance facility. Expensive short term lending is often considered as the only option going forward. Consequently Factoring also know as Debtor Finance or Invoice Discounting is not mentioned.
Why new millennials are making factoring more successful.
First of all technology has progressed quickly in the last 20 years. With technology comes access to information. Long gone are the days, people just guess. With search engines, owners can seek out solutions to their problems. Factoring is one of those lending solutions. New businesses can rely on promoting sales, invoicing clients. Most Factoring Lenders products will grow with your business. Debtor Finance is another term used with Factoring Invoices. In addition also provides businesses strong back end processes. For example verification of invoices, payment plans, and some collections. Therefore owners can focus again on sales and purchasing.
Why Choose Trade Debtor Finance Consultants to help with finding a Factoring Facility?
First of all this family owned business. Which has been operating around factoring lenders for over ten years. As a result our firm knows debtor financier products and pricing. Trade Debtor Finance Consultants offers an obligation free written quote with up to four of our best options. These options are selected out of a possible 28 Factoring lenders. Detailed in the Quote are the selected lenders with explanations.
In conclusion business owners only have to explain their situation. Provide information about their situation and receive a Debtor Finance Quote. Hence Business owners sit back and await lenders to discuss their facility options. Our future clients ask direct questions that relate to their needs. Factoring lenders already know the possible clients story and get straight to the things that matter. Pricing and products. Due to our service, Trade Debtor Finance has many referrals for clients.
Contact Trade Debtor Finance Consultant today.
Hence the best way of contacting our firm is by phone 1300 00 8332. Our website www.tradedebtorfinance.com.au has a contact page for you deliver your inquiry. Another is send us an email to 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!
What is Debtor Finance, Full Service Factoring, or Invoice Discounting?
These facilities are when a business sells all or part of their debtors’ ledger (Unpaid Invoices) to a financier. Owners raise working capital (Cash) for expenses, wages or fuel.
How does debtor-finance / factoring work?
As a result of business delivering its goods/services to its customers, the invoices (trade debts) raised can be sold to a factoring financier.
Most Factoring Financiers can advance up to 80% of the unpaid invoices value. This occurs within 24-48 hours of verification. Therefore the remaining 20% is advanced after the invoice is paid from the client to the lender. Business owners are returned the final 20% less a small fee of about 1-3%.
So the business simply forwards copies of the invoices to the Factoring financier. Once verification of invoices is complete funds are advanced.
The businesses can retain control over accounting functions and collections. They may also opt for the Factoring financier to control this function. In our experience, its wise for your firm to retain the account functions.
What are the benefits of debtor-finance / factoring to a small business?
Consequently funds are readily available. Credit sales are converted into cash normally within 48 hours.
With cash in the bank, the client can negotiate better trading terms with suppliers. They can also ascertain an early settlement, discounts and the ability to buy in bulk.
Eliminate the need to offer settlement discounts to customers. Invoice-Discounting fees are usually cheaper than settlement discounts. With Invoice-Finance clients knows with certainty when they will receive cash.
What are the costs?
Hence different Factoring lenders charge different fees. Lenders base this upon setup structure, size and risk. The average cost of debtor-finance is 3% per month. This will vary depending on your debtors payment terms. The longer it takes for debtors to pay, as a result, the higher the cost.
Why Choose the Trade Debtor Finance Consultants?
Cost: Our firm has no direct upfront fee for our consultation. Confidential: TDFC will not sell your information to a third party. Choice: Our family owned business has access to over 28 trustworthy debtor-finance lenders. Experienced: TDFC consultants have expert experience in debtor-finance and know what lenders to recommend for your business needs Trust: Our policies dictate that you with be given no nonsense answers and will explain all costs Successful: TDFC can give you recent successful client referrals.
Find a facility for your business in your industry
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
If your a new business start up, the most important thing to maintain is Cashflow. Most businesses try and get COD to 7 day payments to avoid problems. In today’s environment most companies are averaging 35- 45 days in payment terms.
By choosing TDFC you have their support fro the life of the facility with that lender in finding, running and maintaining a finance facility.
Ask for referrals and judge this for yourself.
New Business Start-up.. Need Cashflow Finance?
If your a new business start up, the most important thing to maintain is Cashflow. Most businesses try and get COD to 7 day payments to avoid problems. In today’s environment most companies are averaging 35- 55 days in payment terms. Some business owners endure much longer periods of waiting for payment. Continue reading “New Business Start-up.. Need Cashflow Finance?”
Most business owners would ask? Hence why would you choose Factoring to finance your business. Banks offer over drafts, line of credits, even short term lending at a reasonable prices. Therefore opting to use the main banks. Would mean you will have to wait weeks for these products to be processed. Also banks take control of accounts and assets. Yes you will receive a reasonable price, but at what cost.
Added Bonuses for using a Factoring Lender.
Factoring lenders are only interested in three main questions. Do you have a business? How many debtors to you have? How many invoices do you have outstanding? In most cases there is no need to offer any property assets to obtain a facility. Facilities are set up in less than 14 days.
Financing unpaid invoices will give you instant cash flow instead of waiting 30-60-90 days for payment. Factoring lenders offer some collections, debtor background searches, and verification of invoices. These and a lot more bonuses for using these lenders. Often costing is a major concern for business owners. Therefore it is important to understand that most finance products are priced against risk and administration involved.
Trade Debtor Finance Consultants take the worry out of finding a product.
Trade Debtor Finance Consultants began in 2007 to cover an industry need to help owners better understand factoring lenders and products. As a result our small family owned business has been assisting businesses find facilities for over 10 years.
Firstly in just one call our consultants will listen, develop a strategy, and provide your firm with a range of options. Understanding over 28 lenders throughout Australia, gives our firm extensive knowledge about factoring. Factoring procedures needs to be explained so owners understand all processes.
Consequently pricing is the main issue for most small business owners. Explanation of your circumstances is so vital. this could be the difference in a costly facility or not. In conclusion offsetting these cost is essential throughout this facility.
Don’t guess just call us today for a free quote.
Our consultants will take time to understand your needs. Remembering that if the product doesn’t suit your needs, we wont proceed. Factoring facilities can be a complex exercise. Businesses are all different and so are lenders. In conclusion you can contact Trade Debtor Finance Consultants by 1300 00 8332.
Debtor Finance, Factoring, Invoice Discounting has often been misinterpreted and misused. These finance products were never designed to send a business owner broke.
Most Accountants support Factoring when used correctly.
Debtor Finance, Factoring, Invoice Discounting has often been misinterpreted and misused. These finance products were never designed to send a business owner broke. However, often misused, as they have been in the last 20 years. Often the costs of these products has been taken off the profit line, eating away at any chance of the business succeeding. Clients have also been locked in for 12-24 months with the wrong product. Times have changed. Our consultants take time to ensure the client and their accountant know exactly how it all works. Continue reading “Most Accountants support Factoring when used correctly”
Why would you want to pay more money to finance invoices. Most business owners need cash flow. Unfortunately as more and more sales go out the door. As a result more and more pressure is placed on cash assets to purchase more stock.
Trade Debtor Finance will list some of the main reasons, businesses can use factoring.
This product is used to take pressures of you cash at hand. Most business owners rely heavily in the first year of business fast payments in order to keep stock levels and sales revolving fast. Therefore by funding unpaid invoices you will have access to funds before payment. Having funds to purchase more stock gives your company the abilty to flood the market. The costs can be off setted by paying cash or discount purchasing. Plus the fact your sales will increase and income generated in growth. ____________________________________________
Star up business or sole traders often are owned by families. As these businesses grow, often funds are directed towards sales. The strain on paperwork, admin, is often an extra job. You can if you can afford it hire a person to help out! Hence Factoring companies has advantages by helping your companies back end. They verify invoices, make collection plans and provide paper trails. Also lenders provide you with cash flow, which could give you funds to hire more staff. ____________________________________________
Funding with factoring can turn around your business. Owners can purchase a business, and use its unpaid invoices to fund its operations. While you use your monies for improvements. Funding invoices can give you the ability purchase more staff, vehicles, and better equipment. This products expenses is claimed on Tax. ____________________________________________
This is why you Choose Trade Debtor Finance Consultants.
Our family owned and operated business helps businesses Australia wide. Consultants take the time to time to explain all products and lenders in great detail. Best of all TDFC places this in an obligation free written quote. This quote will have up to four options to choose from. Don’t guess, make that one call. 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.