Factoring Invoices Poem

 For more information in regards to factoring for business, please call our office on 1300 00 8332 or email: sales@tdfc.com.au. Trade Debtor Finance supports up to 28 lenders in Australia and each facility is different. At no direct cost to your firm, we offer our recommendations in writing, and we support your firm for the life of the loan.

Factoring - Does It Help With Collections? Yes or No

For more information in regards to factoring services, please call our office on 1300 00 8332 or email: sales@tdfc.com.au. Trade Debtor Finance supports up to 28 lenders in Australia and each facility is different. At no direct cost to your firm, we offer our recommendations in writing, and we support your firm for the life of the loan.

Factoring - Free Quote & Consulation

In the finance world ‘factoring’ is often perceived as a dirty word. Factoring or Debtor finance, as it is also known, is financing invoices and getting paid for them in a couple of days instead of waiting 30, 60, or 90 days.

Factoring has been around for a long time. Often used as a method of last resort and therefore copping the blame for sending business owners broke. This product will highlight deficiencies in company procedures and if left unchecked will become a nightmare.

In some circumstances it can be a very costly exercise because they think factoring companies will give them cash flow and collect debts for them, often forgetting that they are finance companies and make their money from the interest borrowed.

Trade Debtor Finance Consultants was set up to offer businesses a free quote and consultation about these products. TDFC is here to answer those more difficult questions and if any of our lenders are chosen, we offer support for the life of the factoring facility at no direct cost to your firm.

Factoring is a very positive finance product if it is used to grow your business. It may not be as cheaply priced as a Line of Credit, or overdraft (which are normally set and secured by directors’ assets).

Factoring or Debtor Finance is often secured by one business asset, your debtors! borrowing against your debtors depends on the size of your receivables not your assets.

Factoring firms do credit checks, set limits, set exposures, and is the safety net for businesses looking for new clients. If you give a Factoring firm the new clients’ ABN number before you commence sales or work, they will conduct a credit search and set a limit assisting businesses with the application process.

As previously stated you don’t want factoring firms collecting invoices. They make their money of the length of time it takes them to be paid, so it’s always a conflict of interest. Keep the collections in-house, make sure you know the length of time it takes to be paid, and factor accordingly.

Trade Debtor Finance Consultants help you understand all the ins and outs of these products. We find the lender or lenders to suit your factoring requirements with just one call.

For a free quote or consultation on Factoring email us at: mail@tdfc.com.au or visit our website tradedebtorfinance.com.au

INCREASED CASH FLOW THROUGH INVOICE FINANCE

Among the great number of challenges facing companies today is not having sufficient capital to keep the daily running of the business, such as paying salaries on time, getting more stock, purchasing new equipment etc, etc. If cash flow is impacting your company there is a solution and it's called Invoice Finance. There are a number of Invoice Finance products such as Single Invoice Factoring, Full Service Factoring, Partnership Factoring, Invoice Discounting and Confidential Factoring. To ascertain which Invoice Finance product is best suited to your business, speak to one of our finance consultants at TDFC.

Invoice Finance – What is it?

Invoice Finance was coined by lending institutions in the Factoring\Invoice Discounting market; this is when banks and lending institutions offer businesses with a short term loan based upon the total of their outstanding invoices therefore enhancing their working capital by increasing their cash flow. Simply put, it's like a short term bridging loan however for companies instead of houses, usually with approximately 30, 60 or 90 day terms, where you can obtain up to 80% on face value of your outstanding invoices.

Let's say your business has outstanding invoices totalling $100,000; instead of waiting 30, 60 or 90 days to get paid, you can have access to up to 80% of the total amount owed, which in this case would be $80,000 normally within 24 to 48 hours of establishing the Invoice Finance facility. Once the client has actually paid the outstanding invoice then the Invoice Finance facility pays you the balance.

It is very simple to setup the Invoice Finance facility, the cash is usually available within 48 hours and there are no lock-in long term contracts and in most cases this can be done at no direct cost to your company depending on which service you decide to use but rates range between 2-4% per Invoice plus interest till paid.

At TDFC our mission statement is to make individuals acquainted with the loan providers and the products available. TDFC provides business owners choices and even more importantly we inform you about all the truths that lenders frequently forget to pass on. TDFC supports its clients for the life of the Invoice Finance facility.

To find out more about the range of products available to your business call TDFC and speak to one of our finance consultants on 1300 008 332 or visit our website at tradedebtorfinance.com.au.