Debtor Finance is a finance facility that uses a business’s accounts receivable ledger as collateral. The financier purchases unpaid invoices from business owners and pays up to 90 per cent of the balance on each invoice in advance, usually within 24 hours. When the invoices are paid & settled the remainder of the balance is forwarded, less fees.
With Debtor Finance you use money you are owed to free up working capital. There’s no need to worry about extra debt or ongoing bank commitments. If your business has customers on payment terms of 30 to 90 days, and they often pay late, Debtor Finance is a worthwhile option.
For More info call us on 1300 334 843