Key Factors is a invoice factoring and debtor finance company which helps SMEs from a wide range of industries improve their cash flow by converting their invoices into immediate cash. Key Factors is one of the largest independently owned invoice factoring companies in Australia and have been in business for over 27 years, specialising in cash flow finance, invoice finance, invoice discounting, and factor finance services.

Companies benefiting from Key Factors flexible invoice factoring facility generally have a high level of customers on accounts for the provision of goods or services, and have an annual sales turnover ranging from $500,000 to $30 Million.

Invoice factoring costs vary depending on the factoring company. Usually a flat factoring rate is applied which will determine the factoring fee.

See below for an example of how a flat factoring rate is applied based on an invoice of $1,000, which is paid in 30 days after it was factored.

Invoice value: $1,000

Flat factoring rate: 3% for 30 days

Factoring fee: $30

Additional factoring costs in conjunction to the flat factoring rate may apply depending on the provider. Some examples are below:

Base rate: Usually in line with Bank Bill swap rate.

Administration fees: A percentage charged on the face value of invoices factored e.g 1%

Service fees: Monthly flat fee e.g. $1,500   

At Key Factors we only charge a flat daily rate on what you use. There are no ongoing monthly admin fees or annual charges associated with Key Factors’ invoice factoring service. Call 1300 884 100 to get a quote today!

No, Key Factors’ flexible invoice factoring facility does not require you to submit all your invoices for funding.  You can factor as much or as little as you like and only pay for what you’ve used.

Invoices relating to business-to-business transactions can be considered, not consumer receivables.

Invoices which are still within normal trading terms not bad and doubtful debts.

Invoices for goods delivered and work fully completed, not progress claims.

Apply online, call  us 1300 884 100 to find out more, or fill out an enquiry form and we will be in touch within 1 hour.

A response is provided with 24 to 48 hours of receiving your application.

Invoices are processed on the same day and funds are credited to your account in as quick as 24 hours.

Invoice factoring works for businesses by allowing them to send or upload invoices to the factor company. The business then receives access to funds owed to them before they are paid by their customers. The business sells its accounts receivables to a third party (called a Factor) at a discount, in order to get access to immediate cash. Businesses usually receive 80% of the invoice value within 24 hours. The remaining 20% is made available once the invoice is paid. It works by allowing businesses to maintain cash flow, cover the gap between slow payments, and take advantage of early payment discounts.

Collections of the invoice is sometimes managed by the factor depending on the arrangement.