Archive for 'Invoice Factoring'
The costs behind invoice finance – why it’s fair value for clients
There’s a perception that invoice financiers are the hyenas of the money world. Preying on the weak and looking for an easy kill. The truth of the matter is that while banks are getting fatter, dumber and happier, non traditional financiers are working harder than ever to keep their own and their clients heads above water.
How To Grow Your Business Without Strings Attached
Don’t get tempted to give up your equity just yet…
Since the GFC, banks have hit the reset button on lending to small business, especially to start-ups. So, unless you have assets, like real estate, you’re going to find it tough to get funding from a traditional lender.
More to the point, after you’ve exhausted traditional loan [...]
Invoice Factoring And Discounting – The Australian History
Ok so we have covered the history of invoice factoring in our last blog post, so now it’s time to focus on how it all began in Australia. Factoring saw its beginnings in Australia in the early 1970s initiated by the non bank financial institutions and organizations…
Invoice Factoring And Invoice Discounting – A Brief History
Never heard of invoice factoring before? Thought it was something new? You will be surprised to know it’s almost as old as sliced bread! Get the history and learn if you might benefit from using it. The concept of invoice factoring revolves around buying a business’s unpaid invoices…
Effect Of Invoice Factoring On The Cash Flow Cycle
The plug again for Invoice Factoring. Let’s take a quick look at Invoice Factoring again, after all it is our main service offered to small businesses so we are allowed to plug it once and a while. The typical business cash flow cycle involves delivery of goods or services, along with the invoice to the customer…
What Is Invoice Factoring All About?
The answer to your cash flow is locked up in your invoices!
Okay – it’s about time we got a good understanding of what invoice factoring is and how it works. One of the most appealing definitions of factoring is “a non-debt solution to cash flow needs”. It is literally money at your fingertips. Factoring [...]
Is a factor really a debt collector?
A common question a potential client will often ask me is: Will you hassle my customers? The simple answer to this is no. Yes we do collect your money for you and yes we do chase payments for you. However, factors only really do what you do, or what you should be doing. This means we simply [...]
Cash flow & factoring are like peas in a pod
I have been reading an article in the Wealth Creator magazine (wealthcreator.com.au) and the trend in the majority of the articles is the economic climate and the toll it is and going to take on small businesses.
One particular article I noticed was the “to do” list for SME’s this year written by Sue Prestney (MGI [...]
Basics for small business factoring
I thought I would go through the basics again as it’s been a while and some people reading this blog would just like to find out how it works quickly.
Most business to business sales carry 30 to 60 day payment terms. This means that as a supplier, you must deliver your products or services now. [...]
Finance for small transport and trucking businesses
Recently we have noticed a surge in the number of small trucking businesses approaching us for assistance with their cash flows. The main cause of pain for these companies is the fact that the truckies need to purchase their fuel upfront nad cannot get credit to obtain it.
Fortunately, the recent falls in fuel prices will [...]
