Invoice finance or accounts receivable
Looking for an effective way of unlocking cash that’s already been invoiced to your clients?
Sometimes called Invoice Finance, Debtor Finance or Accounts Receivable Finance, this is like a cash advance based on the sales you’ve already made to your customers, without having to wait for the traditional 30, 60 or even 90 day payment periods.
In simple terms, a lender considers the invoices or monies you have owing as an asset. They’ll lend you a percentage of the money that’s owed to you, then pay you the remaining balance once they’ve collected the invoice, less a small percentage.
This type of financing is a relatively quick and flexible way for your business to maintain cash flow, and can have many benefits when compared to other bank loans or lines of credit.
OUR LOCATIONS
Brokerhouse – Shepparton
54A Wyndham Street
SHEPPARTON VIC 3630
Tel: 03 5831 6699
Brokerhouse – Echuca
2/210-212 Pakenham Street
ECHUCA VIC 3564
Tel: 03 4400 9110
Brokerhouse – Bendigo
112-114 High Street
BENDIGO VIC 3550
Tel: 03 5443 8437