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Get your invoices paid in 24 hours

Factoring can help your business grow

July 24, 2017

Invoice Factoring

Have you considered factoring to improve your business cash flow? It might be a faster and easier option than obtaining a business loan through your bank.

Here is how factoring works:

  1. You invoice your customers for goods or services.
  2. You send a copy of your invoice to a factor (like Key Factors).
  3. The factor then gives you up to 80% of the value of the invoice.
  4. The remaining 20% of the invoice is credited to you as soon as the customer pays, less any accrued fees.

How Can Factoring Help Your Business?

Many businesses have benefitted from using factoring to improve their cash flow. Some benefits include:

  • Improve business cash flow
  • Get on top of ATO obligations
  • Pay wages on time and meet operating expenses
  • Working capital for start ups
  • Cover the gap of slow payments

Why Choose Key Factors for Factoring

  1. Fast 48 hours approval

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

  1. Flexible terms

Key Factors factoring has no lock-in contracts and no minimum usage level. You can also choose what invoices you want factored.

  1. Only pay for what you use

Our flat daily fee is only charged on the invoices you factor and there is no monthly admin fee. If you don’t factor any invoices, then it doesn’t cost you any thing.

  1. Grow your business faster

Factoring can cover the gap of slow payments. Convert your invoices in to cash in as quick as 24 hours and don’t let slow payments hold your business back.

5. 27 Years factoring experience

Key Factors have been helping Australian businesses improve cash flow since 1989 and is one of the largest independently owned factoring companies in Australia.

Speak with a factoring expert at Key Factors on 1300 884 100 today and start converting your invoices into cash!

Enquire now

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What our customers are saying

  • 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.

    - Director, Manufacturing Company, Mining, WA
  • 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 run a charter business and our business is very seasonal.

    Key Factors smooths out the bumps in cash flow without the need of property security or minimum annual fees paid monthly.

     

    - Owner, Charter Flights Company, NT

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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
Apply now

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

More FAQs