Why should I use debtor finance

Benefits of debtor finance, also called invoice finance include the following:

• Ensures cash flow is maintained
• Allows you to reuse the money to generate profit
• As your business grows, so does your funding
• Orders can be filled while you're waiting for your debtors to pay
• Your overdraft no longer handles the volume of work or growth you are experiencing
• You want to avoid introducing new equity partners (thus losing control/sharing profits)
• You want to fund the business based on business assets, not personal property
• You require funding for a merger or acquisition opportunity
• You want to restore cash flow after a period of trading losses, business relocation or heavy expenditure (e.g. R&D)
• You want to restructure and clear taxation arrears, to pay creditors or negotiate new terms with creditors
• Saves management time
• Experienced credit staff will be liaising with your accounts staff
• Credit checks to verify credit worthiness of those you are giving credit to
• Offering debtor's payment discounts can be expensive and inefficient

To find out more about debt finance/invoice financing, speak to the mortgage brokers at Intellichoice on 1300 55 10 45.