Debtor Finance has been around for a long time. People are coming to Debtor Finance because the banks won’t lend them any monies, for a number of reasons:
1. I have no assets
2. I have no trading history
3. I have credit problems
4. My business is too small.
2. I have no trading history
3. I have credit problems
4. My business is too small.
Banks were never interested in young businesses, they want large well established ones. Banks really don’t micromanage well and often causes smaller businesses, heartaches and pain.
Debtor Finance is funded against invoices. The security in the whole loan is primarily the debtors and their strength. Lenders keep exposures and limits in check, helping avoid any situations which will leave you, the client, vulnerable.
The most important things owners should ask are:
1. What will I do with the funding once I get up to 80% of the invoices in 24-48 hours?
2. Do I want to be in a contract or not?
3. How long do I want to be in a product for?
4. What is my long term solution once I get to my growth phase?
5. How do I get out when the time comes?
2. Do I want to be in a contract or not?
3. How long do I want to be in a product for?
4. What is my long term solution once I get to my growth phase?
5. How do I get out when the time comes?
CONTACT TDFC Today!
Phone: 1300 00 8332
Fax: 07 5547 8731
Fax: 07 5547 8731
Email accounts@tdfc.com.au
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