Invoice Finance a more flexible alternative for SMEs
By Key Factors - Nov 01 2014
Post the GFC, more and more SMEs are finding it difficult to secure finance due to Banks tightening their credit policies and preferring more asset based lending. The extended waiting period to get access to finance have also prompted some SMEs to seek alternative source of funding like Invoice Finance to provide them with immediate cash flow injection, as they really needed the funds yesterday.
Below are some key benefits associated with Key Factors flexible Invoice Finance Service:
No need for real estate security
At Key Factors our Invoice Finance Facility relies on the quality of the client’s ledger. This helps companies attain the much needed finance support, where they would otherwise struggle to secure funding by not being able to provide property security.
As your business grows, your facility grows with you
Key Factors Invoice Finance facility is designed to support growing businesses, where the cash you access is directly proportionate to your sales. So the more sales you make, the more cash you can get, without the need of additional security.
Key Factors Invoice Finance Facility allows you to draw funds from as much from your invoices as you like, or as little as you like, and there is no requirement to finance your whole ledger.
No on-going monthly admin charges or annual charges
Our Invoice Finance Facility has no monthly admin charges or annual charges. A flat daily discount charge is applied on usage, so you will only pay for what you use.
A quick response is provided within 48 hours of receiving an application.
As the need for funding arises, you can draw up to 80% on the face value of your invoices in as quick as 24 hours.
For more information on how our Flexible Invoice Finance can help your business call 1300 884 100 and speak to us today.