Debtor Finance has many different variants. All have one basic feature - funds are advanced to a certain percentage (usually 80-90%) against debts owed to a firm for goods/services supplied on credit.
The biggest benefit of Debtor Finance is that it accelerates cashflow. Normally the money it costs to produce a good/service is tied up in debtors and is not available for the business to use until payment has been received.
Through Debtor Finance, cash becomes available well before the debtor actually pays.
The extra cash has traditionally been used to purchase more stock, labour or advertising to grow the business. It can be used for other purposes such as:
To find out more about Debtor Finance and how it can benefit your business, please complete an online enquiry or call us on 1300 STRATTON (1300 787 288).
For more information about any of our products or services, please make an online enquiry.
Or, you can call us on:
1300 STRATTON (1300 787 288)