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Invoice Financing – A Flexible Alternative

September 13, 2016

  • Problem: Competition & Growth
  • Solution:  Key Factors Invoice Financing
  • Annual Turnover:  $5,000,000
  • Facility Limit: $800,000

ABC Pty Ltd was a privately owned surveyor operating Australia wide for the past 15 years. With its longevity within the industry it had built a formidable presence competing with some of the largest surveyors in the civil sector. Unfortunately, like a lot of privately owned SME’s, they struggled with lengthy trading terms offered by their much larger principal contractors. Combined with the organic growth of the business and perennial pipeline of work, they found it difficult to contend with larger competitors.

Unwilling to compromise on their quality of work, and reluctant to forego the growth they were experiencing, ABC Pty Ltd engaged Key Factors. We implemented an invoice financing facility tailored to their expanding revenue stream. The facility releases the cash tied up in their unpaid invoices, allowing them to pursue new contracts while knowing the availability of funds can increase as their turnover grew. Also, unlike traditional restrictive business funding offered by banks, Key Factors invoice finance service does not rely on bricks and mortar security but more so on the quality of our clients’ debtors.

Having partnered with Key Factors for 12 months, the business was acquired by a global company who saw the invaluable foot print they had on the domestic market. Key Factors was able to work swiftly to extinguish the facility without penalties or lengthy cancelation periods. So if you are after an alternative funding solution, Key Factors invoice financing service might just be the answer. Our flexible invoice financing facilities have no long-term contracts, no early exit penalties, and no ongoing monthly admin fees.

Call us today, on 1300 884 100 to partner up with a flexible invoice financing company.

*The scenarios above are taken from real client situations. Actual business names and details are withheld for privacy reasons.

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What our customers are saying

  • Key Factors flexible debtor finance have been very valuable to our business and so simple to use. To have the money the same day we need it is very useful. Their service is fantastic and the staff is always friendly and professional. We would highly recommend Key Factors to anyone looking into improving their business cash flow.

    - Director, Earthmoving Company, QLD
  • With the constant challenge of rising fuel costs and operating expenses, we would struggle to maintain our growth without Key Factors Factoring Facility. A more predictable cash flow allows us to get back on the road and pay our drivers on time.

    - Director, Transport Company, QLD
  • We used Key Factors when our bankers didn’t want to know us in October 2011, as we operate in an industry that was going to be affected by the introduction of the carbon tax.

    Traditional lenders were unable to deal with the uncertainty and risks.

    Key Factors understood the risk and assisted us with our cash flow for 5 months, which was great.

    We are still keeping the facility in place just in case knowing that it’s costing us nothing to do so.

    - Unlisted Public Company

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How does it work?

  • Invoice your clients for goods and services
  • Send a copy of your invoices to Key Factors
  • 80% of the invoice face value is made available to you within 24 hours, less a discount rate
  • The remaining 20% is provided when your customer pays, less any accrued charges
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FAQs

FAQs

How much does it cost?

We only charge a discount rate on what you use. There are no ongoing monthly charges or annual charges.

Do I need to factor all my invoices?

No, Key Factors flexibility means you are not required to submit all your invoices for funding.

What invoices can be considered for funding?

Invoices relating to business-to-business transactions can be considered, not consumer receivables. Invoices which are still within normal trading terms not... More info

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