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Grapple is a peer-to-peer lender providing fast invoice financing. They connect Australian businesses with investors. No assets are required as security as your invoices will secure the loan. They offer three financing solutions catering to small and large financing requirements. Their G1 product is for single invoices from $1,500 up to 5 million or over. With G2, you can fund multiple invoices from $50,000 to 10 million +. Their GS product provides your suppliers with early repayment offers. The cost will be calculated based on your business and customers. Interest rates start from 6% p.a. Costs can include a one-time platform cost and a daily investor cost.
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When you apply for Grapple's invoice financing, you will be required to submit your business data, which it uses to determine your eligibility. The application process takes one to two days and if approved, the funds will be transferred to your account immediately.
Once approved by Grapple, a bank account for your debtor payments will be generated in your name. You will then need to notify your clients of the change in bank details and change your invoices over to the new account in your accounting system. This way, Grapple is tied directly to your invoices. All paid invoices will be transferred to your operating account directly, and Grapple will be able to advance you any unpaid invoices instantaneously should you need the money. You only pay for the money you use.
Grapple offers two tiers of invoice financing: G1 funds single invoices from $2,500 to over $5 million, and G+ funds multiple invoices from $50,000 to over $10,000,000.
Are Grapple's features a fit for your business?
Grapple offers a 6% p.a. rate with a maximum rate of 10% p.a. on their invoice advances, with no hidden fees.
To apply for Grapple Invoice Financing, simply click the "Go to Site" button. In order to submit an application, you must do the following:
Grapple will request certain documentation to determine your eligibility:
Grapple Invoice Financing has many attractive features that could appeal to a multitude of business owners. However, it is always a good idea to weigh up your options and any potential risks involved before submitting an application.