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

Key Factors for FactoringHow 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. 30 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!

Many industries are turning to Invoice Discounting to build their business – we’ve summarised the Debtor & Invoice Finance Association (DIFA) Industry Data, June 2015 Quarter, so you’ve got everything you need in a quick and easy-to-understand format!

On the up

Recent findings from the DIFA show that the June 2015 quarter was $15.8 billion – an increase of 6.4% on the June 2014 quarter.

Invoice DiscountingAccording to State

NSW & ACT were the states with the highest factoring and discounting turnover in the June 2015 quarter, at 35%, with Victoria at 31%, then Queensland at 17%, closely followed by WA at 12%.

Could your industry benefit?

During the June 2015 quarter, the Wholesale Trade industry had the highest percentage of discounting turnover, at 36%. Manufacturing and Labour Hire companies also made up a large percentage.

The Transport & Storage industry formed 12% of the June Quarter 2015 factoring turnover, as well as the Manufacturing Industry. Labour Hire companies led with 27%, followed by Wholesale Trade companies 24%.

What Key Factors have to offer

At Key Factors we help SMEs from a wide range of industries improve their cash flow with flexible disclosed invoice discounting. With offices all over Australia, our local state managers are able to provide a tailored cash flow solution to suit your business.

Key Factors key benefits

Keeping simple, flexible alternative

  • No lock-in or long-term contracts
  • No minimum volume
  • No ongoing monthly charges or annual charges
  • No quarterly audits

All the facts and figures

To read the full DIFA Industry Data document for June 2015 visit the DIFA website.

Speak to a member of our team

Want to learn more about how Key Factors could help your business? Call us now on 1300 884 100, or enquire online today.