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Any business owner knows the struggles of maintaining a positive cashflow. Seasonal lags in trade or necessary business expenses can disrupt cashflow and cause problems within your business.
Invoice finance can be a useful tool for businesses who need to unlock capital tied up in their unpaid invoices to maintain cashflow. It can also bridge the gap between slow paying clients, and potentially take advantage of supplier discounts.
BCashflow Positive (previously Lending Express) offers small to medium businesses with a high level of customers and a monthly turnover of $100,000 to $3,000,000 up to 90% of pending invoices paid upfront.
Find out more below.
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BCashflow Positive is an Australian invoice finance provider offering B2B companies up to 90% of their unpaid invoices, ahead of client payment. Once the client has paid, the remaining 10% (minus a fee) is transferred to the borrower.
Using the service is easy, you simply send a copy of your client invoice to BCashflow Positive and it verifies the invoice with your customer. Once an invoice is verified, it funds up to 90% of the invoice value in as little as 4 hours.
BCashflow Positive charges a fee of 1.8% for the first 30 days and 0.06% per day thereafter for up to 90 days. This means that if you finance an invoice of $100,000 for up to 30 days, you will receive $90,000 upfront, and your fee will be $1,800. This means that the remaining $8,200 will be transferred to you upon client payment. If the client does not pay after 30 days, you will be charged an additional $60 per day until your client pays.
To apply for invoice financing with BCashflow Positive, simply click "Go to site" and submit an enquiry. You can also email, call or visit a branch directly.
You will need to provide the following information:
Once you have submitted an enquiry, BCashflow Positive will contact you in 24-48 hours. Once approved, you can receive funding in as little as 4 hours. Please note that BCashflow Positive only provides finance to Australian businesses, so you will have to have an active ABN/ACN in order to qualify.