It is one of those classic problems that plagues SMEs – Business Cash Flow. A business can be technically doing well, receiving lots of orders and keeping their costs low, but if the cash isn’t flowing in at the right rate and at the right time that’s when the problem arise.
For example many services and wholesale products are sold on a credit basis with terms between 14-30 days, however payments can take up to 60 or even 90 days. Depending on the nature of the business, slow payments can have a major impact on cash flow.
Debtor Finance can help alleviate cash flow issues arising from slow payments, limited working capital and rapid expansion by providing a business with constant cash flow. To put simply, accounts receivables is an asset that can be brought forward with the help of a debtor finance company like Key Factors.
Improve your business cash flow with 3 easy steps:
- Send Key Factors a copy of your invoices as the need for cash flow arise
- 80% of the invoice face value is made available to you in as quick as 24 hours, less our fee.
- Remainder 20% is provided to you when your customer pays, less any accrued fees.
How Key Factors can help improve your business cash flow
Key Factors have been helping Australian improve their business cash flow since 1989. We also help businesses follow up on accounts at no extra charge, allowing business owners to focus on what they do best which is growing their business. Key Factors has helped various industries including Manufacturing, Wholesale, Labour-Hire, Recruitment, IT services, Commercial Cleaning, Mining, Business Services, Transport and Logistics improve their business cash flow.
Call 1300 884 100 now to speak to a friendly cash flow expert and improve your business cash flow today!