Financing Your Small Business – Factoring
Most business owners would ask, why would you choose Factoring to finance your business. Banks offer over drafts, line of credits, even short term lending at a reasonable prices. However opting to use the main banks means 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.
TDFC was founded 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.
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. In conclusion you can contact TDFC by 1300 00 8332.
Email: email@example.com or www.tradedebtorfinance.com.au