One of the biggest challenges for a business is maintaining a smooth cash flow. Debtor Finance enables your company to finance slow paying invoices which can provide immediate funding that can be utilised to smooth cashflow.
How does Debtor Finance work?
Your company’s debtors will be used by the lender as the primary source of security. Advances on outstanding invoices can be made payable within 24 hours of receiving the invoices and can be structured to remain undisclosed to your company’s customers.
Benefits of Debtor Finance
Ongoing line of credit for immediate funding.
Provides additional working capital.
May enable you to provide extended credit terms to your customers.
Qualifying for Debtor Finance is easier than getting a bank loan.
Normally no additional security is required other than debtor outstanding invoices.