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What You Need to Know About Debt Factoring

September 13, 2017

Debt Factoring

Debt Factoring allows businesses access funds owed to them before it is paid by the debtor. It’s a way for businesses to access most of the money owed to them in their outstanding invoices and receive the rest when the customer pays. How does debt factoring work? Invoices are forwarded to the factor like Key Factors who then provides up to 80 per cent on the face value of the invoice within 24 hours to the business to access as necessary. When the invoice is paid in full to the factor, the business receives the remaining 20 per cent less any accrued fees. Businesses that are eligible for debt factoring... Read more

Everything You Need to Know About Factoring Finance

July 25, 2017

factoring

When a business sells its accounts receivable – or invoices – to a third-party (a ‘factor’) it’s called ‘factoring’. The transaction results in immediate access to cash for the business from the factor, who then collects the payments owed to the business from their customers. Factoring is an option that increases cash flow for businesses of all sizes and from all kinds of industries. Factoring is used to purchase inventory, new equipment, pay employees, get on top of ATO obligations, or expand organisational operations. It has many benefits for businesses that are looking to grow and make faster decisions when it comes to their expansion. Advantages of factoring Apart from... Read more

How Invoice Factoring Can Help Your Business Grow

July 24, 2017

Invoice Factoring

Have you considered invoice factoring? It might be a faster and easier option than obtaining a business loan through your bank. Here is how invoice factoring works: You invoice your customers for goods or services. You send a copy of your invoice to a factor (like Key Factors). The factor then gives you up to 80% of the value of the invoice. The remaining 20% of the invoice is credited to you as soon as the customer pays, less any accrued fees. How Can Invoice Factoring Help Your Business? Many businesses have benefitted from using invoice factoring to improve their cash flow. Some benefits include: Improve business cash flow Get... Read more

How To Manage Rapid Growth

February 9, 2017

A sudden growth spurt of your business is a wonderful thing, but it’s important to be prepared, particularly if your business is experiencing rapid growth. You’ll need to reshuffle a lot of things around to succeed, from people’s roles to potentially all of your processes. Read on to find out the three areas you’ll need to assess in order to successfully ride the growing wave of your business. Processes And Systems During a time of rapid growth, your existing systems and processes simply don’t cut the mustard. Chances are they just weren’t designed to cope with high levels of activity. You need to come up with a new order that will... Read more

Factoring vs. FinTech Factoring

October 26, 2016

factoring

As technology evolve so does the world of finance. Financial Technology, also known as FinTech, relies on software to provide financial services. Factoring, one of the world’s oldest method of finance is also going online with lots of new FinTech factoring companies entering the market. Businesses looking for ways to raise working capital can find it quite daunting navigating through this new market. By understanding the difference between a traditional factoring company and a FinTech factoring company, you will be able to make a more informed choice. FinTech factoring company FinTech Factoring is the new kid on the block and has also been called ‘peer to peer funding’ or even... Read more

Invoice Financing – A Flexible Alternative

September 13, 2016

Problem: Competition & Growth Solution:  Key Factors Invoice Financing Annual Turnover:  $5,000,000 Facility Limit: $800,000 ABC Pty Ltd was a privately owned surveyor operating Australia wide for the past 15 years. With its longevity within the industry it had built a formidable presence competing with some of the largest surveyors in the civil sector. Unfortunately, like a lot of privately owned SME’s, they struggled with lengthy trading terms offered by their much larger principal contractors. Combined with the organic growth of the business and perennial pipeline of work, they found it difficult to contend with larger competitors. Unwilling to compromise on their quality of work, and reluctant to forego the growth... Read more

5 Simple Steps To Improve Your Cash Flow

August 23, 2016

cash flow finance, cash flow management,

Cash flow management is critical for small and medium businesses. It’s the lifeblood of your company, it keeps business ticking over, and it needs to be managed carefully. Cash flow problems generally come down to one thing – cash coming in too slowly, and going out too quickly! Encouraging customers to pay quickly, while delaying outlays of cash, will provide a more constant cash flow. But as we know is not always that easy to achieve. There are several ways to do this, and it’s important to get it right from the start. 1. Plan your cash flow – ins and outs It’s impossible to project your cash flow exactly... Read more

Enjoy a stress free EOFY

July 28, 2016

At Key Factors, we understand the EOFY can be a stressful and busy time for any business. It is all about making sure you’re on top of your financial responsibilities while meeting legal requirements. If cash flow is tight, or your working capital needs a boost, Key Factors invoice factoring facility can help by advancing cash against your receivables. Small businesses tend to take on a lot for themselves, from administration, to marketing and bookkeeping, so don’t let the EOFY creep up on you, be aware of time-frames and set reminders. In order to run a successful business, not only should you be ahead of the EOFY, but think of... Read more

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What our customers are saying

  • In today’s economy, many businesses are struggling to manage their cash flow and trying to avoid getting into the cycle of you’ll get paid when we get paid. As a small business owner, the best thing has to be getting the cash into our account as we issue invoices, without having to wait 30, 45, or sometimes 60 days to get paid. We have been long standing clients and are very happy with Key Factors service. Their facility is simple to use, and the staff are always helpful.

    - Director, Timber Recycling Company, SA
  • 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
  • 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

Latest News

Latest News

What You Need to Know About Debt Factoring

Debt Factoring allows businesses access funds owed to them before it is paid by the... Read more

Everything You Need to Know About Factoring Finance

When a business sells its accounts receivable – or invoices – to a third-party (a... Read more

How Invoice Factoring Can Help Your Business Grow

Have you considered invoice factoring? It might be a faster and easier option than obtaining... Read more

More news

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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