- Director, Metal Fabrication & Manufacturing, WA
We had been with Key Factors for 3 years & 8 months when a broker convinced us to switch to another company. We didn’t read the fine print and were hit with annual fees, and constant audits which wasted a lot of our staff’s time. When we wanted to leave go back to Key Factors, we had to serve 12 months and another 3 months notice period, or were going to be hit with exit penalties. We had none of this at Key Factors, just simple factoring.
- Clean and Simple Factoring
Running a cleaning business and being very hands on, I don’t keep normal business hours. But with Key Factors I find I can always get a quick reply and they seem to always be there.
- No call centres
- No voice mail
- No need to constantly explain myself to a new employee or account manager
I always get an answer from those that answer the phones.
- Unlisted Public Company
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.
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We only charge a discount rate on what you use. There are no ongoing monthly charges or annual charges.
No, Key Factors flexibility means you are not required to submit all your invoices 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 infoMore FAQs