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Factoring Finance market continues to grow

March 2, 2015

The latest statistics for debtor finance, discounting, and factoring finance in the December 2014 quarter released by the Debtor & Invoice Finance Association (DIFA) was $17.2 billion, which is an increase of 10.7% in comparison to the September 2014 quarter.

NSW & ACT, followed by VIC, QLD, & WA were states with the highest invoice factoring turnover, in the December 2014 quarter.

Industries with the highest percentage of factoring turnover includes Labour Hire making up 29%, Wholesale Trade 22%, Manufacturing 13% and Transport & Storage 13%.

As SMEs continue to experience challenging business environments, factoring finance to free up working capital provides an alternative and immediate source of business cash flow to meet sales demand and operating expenses.

By adopting invoice factoring companies can get cash for their unpaid invoices, in as quick as 24 hours.

The full DIFA Statistical Update- December Quarter 2014 is available at:

http://difa.asn.au/wp-content/uploads/2015/03/DIFA-Statistical-Update-Dec14.pdf

Key Factors fast and flexible factoring requires with no lock-in or long-term contracts, no minimum volume or usage and no quarterly audits.

Getting your invoices paid is as easy as 1 2 3

1) Simply invoice your clients and send us a copy.

2) Up to 80% on the invoice face value is made available in as quick as 24 hours.

3) The remainder 20% is provided when your customer pays.

Call us now on 1300 884 100 to find out more

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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
  • Having Key Factors operating in the centre of Perth WA allows us to forward invoices any time before 2pm, knowing that they will be processed that day.

     

    - Company Accountant, Recruitment Company, QLD
  • 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

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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

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