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If you are looking for a flexible factoring business in Australia, you might have come to the right place.

Although small business makes up a vital part of the economy, even the most successful Small and Medium Enterprises can struggle to be approved for the loans and get the funding they require to thrive and succeed.

Flexible factoring business

Factoring For Small BusinessWhether you’re an experienced lender or it’s your first time looking into financial help, factoring could be the answer for your business. Half of the battle for a growing business is their ability to keep up with demands without consistent cash flow. Factoring provides exactly that, it allows you to release cash tied up in unpaid invoices. Therefore, you are only accessing money that is owed to you. There is also a high level of flexibility when it comes to factoring. Key Factors as a factoring business doesn’t require a minimum volume, there are no lock-in or long-term contracts and no ongoing monthly or annual charges.

Are you avoiding the lending process?

Is there something putting you off the lending process? If you’re worried about risk-based interest that could take a turn at any time or you’re nervous about linking your property to your business, it’s time to take a look at a factoring business like Key Factors. There are no surprises and no hidden fees, plus you can use us as much or as little as you like! Find out more about how we work here.

We’re focused on what’s best for your business – take a look at this recent case study:

No matter what your current situation is as a business. We work with you to provide the best solution.

*ABC Pty Ltd is a family owned business with over 80 years of experience in the manufacturing industry. Their ability to service a wide range of clients with an array of products has allowed them to maintain a comprehensive customer base for three generations. As the new generation re-shapes the company’s focus, their ability to satisfy a continual stream of work is inhibited by lengthy trading terms which has restricted their increasing customer base.

With an existing over draft from one of the big four banks already accounting for a portion of their lending portfolio. They were looking for an alternative source of funds without having to increase their exposure to the bank, which required additional security over the director’s homes. Key Factors was able to assist in conjunction with the bank and enable the organic growth of their business to continue.

With no lock in contracts or minimum spends, ABC Pty Ltd had the freedom to use Key Factors as the need for additional capital increased. Key Factors has made available new opportunities for growth that didn’t exist under conventional lending agreements. While maintaining a close relationship with Key Factors they were able to satisfy their existing obligations with the bank and more importantly excel in providing the best service to their customers.

Background

Industry: Manufacturing

Annual Turnover: $5,000,000.00

Facility Limit: $200,000.00

In Summary:

Whether you don’t have time to wait for a loan approval, your bank has offered you a loan but it is too low, or you simply have a low credit rating, we have an option to suit you. With fast approval and a strong customer focus, a factoring business like Key Factors’ could be the bank alternative you’re looking for.

At Key Factors we care about your business. Take a look at who we have helped in the past with more case studies and find out if we’ve worked with businesses in your sector.

With over 30 years of experience and offices in Sydney, Melbourne, and Perth, your business is in safe hands.

Call 1300 884 100 today to find out more.