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If you're a business owner, you're likely to know how easy it is for a company's cash flow to be disrupted, which can have disastrous consequences for companies. If a business doesn't have a constant supply of working capital, it makes it difficult for it to grow and thrive.
Invoice finance can be a useful financial tool for businesses looking to free up some of the capital tied up in their pending invoices. It can also work out cheaper than other forms of business finance and because there are no weekly or monthly repayments, it's kinder in the long term to your company's cash flow.
$50,000,000
Max. Loan Amount
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Product Name | Invoice Financing Australia |
---|---|
Min. Loan Amount | $50,000 |
Max. Loan Amount | $50,000,000 |
Loan Security | Unsecured |
Invoice Financing Australia is an invoice financing platform which funds up to 80% of your pending invoices ahead of client payment. Invoice Financing Australia's loans are backed against your invoices, so there's no need for asset security. It also says its rates are lower than other unsecured business loans.
Once approved, simply send a copy of your invoice(s) to Invoice Financing Australia and it will forward the money to your nominated account, minus 20% of the invoice's value. Your client then pays Invoice Financing Australia directly. Once the invoice has been paid in full, Invoice Financing Australia will transfer the remaining percentage of the invoice value to you, minus its administration fee. It only takes a few minutes to make an enquiry and once approved Invoice Financing Australia can start funding your invoices in just 24 hours.
It offers several services in regard to invoice financing: Single or Spot Invoice Finance, Partial Ledger Invoice Finance and All of Turnover Invoice Finance. If you're looking for a single cash injection, a continuous line of credit or a full debt collection service, Invoice Financing Australia could potentially help your business.
Invoice Financing Australia boasts a number of features with its invoice finance services, such as:
Invoice Financing Australia takes its fee, known as a "discount fee", "discount rate" or "administration fee" from the 20% of your invoice value that's withheld until client payment. The cost of this fee will vary from borrower to borrower depending on the value of the invoice and the individual business's invoice payment terms, as well as factors such as your business's annual turnover and in some cases, your credit rating.
Invoice Financing Australia says its fees are lower than other forms of short-term unsecured business finance.
To apply for Invoice Financing Australia's services, simply click "Go to site" and submit an enquiry. It only takes a few minutes and won't affect your credit score. You will need to provide the following information:
Be aware that Invoice Financing Australia is a business lender only, so you will need to have an active ABN/ACN in order to qualify for finance.