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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

Enquire now

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What our customers are saying

  • Our business was going through a tough patch and our existing factoring company weren’t going to see us through it. We engaged Key Factors just in time to clear all our ATO debts and sell off some of our non-performing subsidiaries. The decision to move across to Key Factors was vital to ensure the on-going concern of our company.  We also find the flexibility of no long-term contracts & the ability to use our facility on a selective basis quite appealing.

    - Company Secretary, Publicly Listed IT Software Company, NSW
  • Key Factors flexible debtor finance have been very valuable to our business and so simple to use. To have the money the same day we need it is very useful. Their service is fantastic and the staff is always friendly and professional. We would highly recommend Key Factors to anyone looking into improving their business cash flow.

    - Director, Earthmoving 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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