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No responsibility to collect Invoices

Receive up to 90% of your invoices.

Funding possible within 24 hours of approval

No bad debts risk

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What is Invoice Factoring?

Invoice factoring also is a form of invoice financing. In invoice factoring a business gives control of a part or their entire accounts receivables ledger to the lender, wherein the responsibility to collect the debt is passed on to them. Businesses commonly use it to replenish the cash reserves that are suffering from depletion due to too many pending invoices. You can receive an advance of up to 90% in funds against the receivable ledger.

Broc Finance helps you by facilitating invoice factoring, connecting you with a credible lender. We enable you to secure a line of credit against the accounts receivable, by connecting you with credible finance companies.

What you should know about Invoice Factoring

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Salient Features of Invoice Factoring

Invoice factoring carries the following traits that make it easy for businesses to secure funding.

  • Offers flexible business financing options to enterprises or companies of all sizes and stature.
  • Easy to get approval even with ATO debt, poor credit history, and short span of trading.
  • Does not require a real estate security or collateral against the financing.
  • Invoice factoring funds scale along with the business.
  • Funding is possible within 24 hours of approval, especially when collaborating with Broc Finance.

Difference between Invoice Discounting & Invoice Factoring

Invoice Discounting

The business uses its outstanding accounts receivable as security or collateral to secure funding.

The control and responsibility to collect debtors lies with the business.

You can receive up to 95% of the invoice value.

Collection risk remains within the business.

You cannot opt for non-recourse factoring.

Invoice Factoring

The business sells its accounts receivable to a finance company. Instead of the in-house debt management team, it’s the invoice financing company that chases the pending invoices.

The control and responsibility to collect debtors lies with the factoring company.

You can receive up to 90% of the invoice value.

Collection risk is passed on to the factoring company.

What Businesses can benefit from Invoice Factoring?

Invoice factoring is suitable for SMEs, which are seeking growth or already scaling their development but need urgent funding to stay on the growth track. The following types of businesses can reap the benefits of sourcing invoice factoring.

  • Limited Companies
  • Single traders
  • Start-ups
  • Joint ventures

If we have to point out industries that mostly opt for invoice factoring, then those will be:

  • Wholesalers
  • Traders
  • Manufacturing
  • Transport and Distribution
  • Staffing/Labour Hire
  • Engineering

Most SMEs do not have the infrastructure support to chase the pending invoice collections. A significant percentage of accounts receivable can create a financial deficit, thus disrupting the regular business and long-term growth. These hurdles can either stunt the growth or make it sluggish, which every business owner wants to avoid.

That’s where an invoice factoring comes to their rescue. With the outstanding invoice collections being taken care of, the business owner can focus on the core processes of the organization. It enhances performance and productivity.

Broc Finance offers you complete support in facilitating invoice factoring for you from reliable and credible financial players in Australia.

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Why should you choose Broc Finance?

Tailor made options

Being a small business owner, many of our clients are not sure of right loan product for their businesses. Our lending specialists understand their needs and recommend tailor made options.

Personal Consultation

Unlike business loan marketplace websites which use AI based algorithms to match your requirements, we provide obligation free personal consultation as every business is different and an AI based algorithm may not provide them the optimum solution.

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Competitive Pricing

We endeavour to achieve the optimum business loan solution for our clients at the most competitive pricing possible.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Real results with real people.

104+ customer reviews

5.0

Chi Morris

Chi Morris

Dear Sas, I want to express my heartfelt gratitude for your efficiency and the exceptional support that you have provided in helping me meet my business needs. It was always easy to deal with you and you were always available to answers every question. I was also quite impressed by your professionalism and efficiency which were quite exceptional. Thanks for going above and beyond to deliver an outstanding service. I look forward to working with you again in the future.
Toni Speakman

Toni Speakman

I don’t usually post reviews on the internet, but I feel compelled to write one about our recent experience with Broc Finance. In particular, we’d just like to thank and recommend Neeraj, who has been extremely professional, quick to get back to us regarding information and has exceptional easy-going language so we could understand what was happening and what we needed to do. He endeavoured to get the help we needed in a very short amount of time and the funds were in our account within 2 weeks of applying. Neeraj managed to secure our loan at a much lower interest than the big banks and we would recommend Broc Finance - especially Neeraj, to anyone who is seeking financial assistance away from the big greedy banks. This is the 2nd time we’ve used this service, and it won’t be the last. Thank you.
Ibrahim Alpay

Ibrahim Alpay

I highly recommend Saroj to anyone needing business funding. He’s helped me multiple times with fast and efficient service, securing higher than-expected loan amounts each time. Excellent experience!
Min Wilson

Min Wilson

The team delivered a well structured and highly supportive service that made the financial process feel streamlined and well governed. Each step was clearly defined, proactively explained. The overall outcome felt both efficient and value-aligned.
shephali jain

shephali jain

very professional and knew what we wanted and gave us the best services. we happy with Saroj service and he knew what he was providing and alway on the phone when we need him . thanks for a smooth professional deal.
Deepesh Parikh

Deepesh Parikh

Saroj knows his business. To the point guidance, everything from start to finish was as expected and confirmed by him. Always recommend him for sorting it your personal or business finances. Thanks a lot for all your help Saroj.
Don Hett

Don Hett

⭐️⭐️⭐️⭐️⭐️ Highly Recommend Saroj from Broc Finance! Saroj was incredibly helpful from start to finish. He listened to all my requirements, understood my situation, and got me the funding I needed super fast. I really appreciate how efficient and responsive he was throughout the whole process. If you’re looking for someone who actually cares and gets the job done without delays, Saroj is your guy. I highly recommend him for anyone needing funding support. A big thanks to Saroj and the team at Broc Finance for their great work. Wishing you all the best!
Mugdha Chandekar

Mugdha Chandekar

A Trusted Partner in Commercial Finance I had the pleasure to discuss with Broc Finance on a complex commercial mortgage transaction, and I can confidently say they are the experts and professinals in this space. If you're looking for a commercial mortgage broker who brings clarity, integrity, and genuine commitment to the table, Broc Finance is the one to call. Highly recommended for any business owner seeking tailored financial solutions.

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Frequently asked questions

Debt factoring is more like a business transaction than a traditional form of financing. You are selling your invoices to another company that will handle the chasing and the collection. It does not follow the usual rules of a business loan. It helps businesses to secure funding and liquidate its receivables ledger.

You need the following documents to prove your eligibility for debt factoring.

  • An active ACN or ABN.
  • Pending invoices with other businesses in Australia.
  • Invoice proof of the delivered services or goods. 

Unlike invoice financing, where there is a choice between confidentiality and disclosure, in factoring, your customers will know about the transaction. It’s because you are selling your invoices to a third-party factoring company.

Generally, the approval process may take between 3-7 days, and you can have get funded within 24 hours of approval.

Invoice discounting is all about the beneficial aspects of business financing. The only con that it has is that this is not suitable for all businesses specially B2C businesses.

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