What is debtor finance |
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| FAQ - ABOUT BUSINESS LOANS |
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Debtor finance, also called invoice finance is one way for businesses to raise working capital. If your business sells on credit terms to your customers, you can leverage against these customers to obtain working capital. Debtor finance – also known as invoice discounting, or invoice financing, provides the business (the borrower) with finance based on the value of its outstanding debts. A revolving credit facility is set up which provides funding at up to 90% of the value of invoices being issued by the business. The rest is made available to the business, less any interest or fees, when their customer (or debtor) pays. Instead of of having to wait 30, 60 or 90 days for payment, you can access up to 90% of the value of debtor invoices/accounts receivable usually on the same day that the invoice was issued. To find out whether debtor finance is ideal for your business, speak to a mortgage broker on 1300 55 10 45. |
| Last Updated ( Monday, 12 April 2010 11:43 ) |
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