Small Business Factoring
Improve Your Cash Flow And Save Management Time
Factoring - What Is It?
Factoring can help improve your cash flow and fund business growth by providing an immediate injection of cash against the value of your outstanding invoices.
Then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we receive payment from your customers.
In addition to the cash we provide, we can also save you valuable management time to spend growing your business. We manage your sales ledger by chasing and collecting outstanding invoice payments on your behalf. We will prepare and send out statements, undertake cash reconciliations and maintain professional and detailed accounts of your transactions. All this information can be accessed 24 hours via the internet, as well.
The Benefits
Your business has access to a reliable, ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you, to meet cash flow challenges and capitalise on new business opportunities. Your funding is always matched to the needs of your business, allowing you to grow, free from cash flow constraints.
-
Improve control over cash flow to fund new sales without delay, purchase vital equipment and relieve the pressure of meeting payroll, supplier and tax liabilities
-
Save management time and resources to focus on growing the business
-
Increase margins by taking advantage of bulk and early-settlement discounts on purchases
-
Win new business and increase competitiveness by extending terms of trade with confidence
-
Manage personal risk by removing real estate security from the business
-
Free real estate from the business to secure additional finance for reinvestment
Features
- Funding limit of up to $100,000
- Simplified application process for quick turnaround
Who We Can Help?
If your business is a startup which has commenced trading or an established small business and trades on credit terms with other businesses, we can help.Factoring - How Much Does It Cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
What Next?
If you would like to speak with one of our small business cash flow specialists simply complete our enquiry form. Alternatively you can call us on 1300 850 322, email us at marketing@bibby.com.au or request a call back.
