INVOICE FACTORING

Quick Apply

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.

Reviews on Google

Alexander Pacitto
Alexander Pacitto
2022-05-27
Saroj was fantastic in getting finance organised for my business. Efficient, responsive and concise. Recommend.
Arjuna Gunasekara
Arjuna Gunasekara
2022-05-19
Callum Baxter
Callum Baxter
2022-05-17
Vicky Angelucci
Vicky Angelucci
2022-05-17
Quick, efficient and easily understood our needs as a small business. Thank you Saroj.
Raphael Mamudi
Raphael Mamudi
2022-05-16
Saroj is a life saver. I’ve never met such a genuine and more passionate person about their job. He has absolutely gone above and beyond for me and my business and am so grateful our paths crossed. Thank you brother!
Shey Bhatti
Shey Bhatti
2022-04-20
They are the best, I was having defaulted credit application and they sorted me with quick funds to resolve my issues, Also the best part they removed my Default flag on credit file. Many thanks SAROJ
Josh Zhang
Josh Zhang
2022-04-08
Dealing with Saroj is nice and easy. He is really professional and diligent ☺ The process is so smooth, I just need to provide all the details then it's done.
Kate Tiller
Kate Tiller
2022-04-04
Saroj was incredibly efficient and made this whole process so simpleand easy., I was thrilled to have my approval so quickly and managed so well. I highly recommend Saroj and this team any day of the week! Kate
ALDEN ARRIGHI
ALDEN ARRIGHI
2022-03-24
As a Small Business owner of AA DOOR SERVICES, i would like to thank Sanroj for his help for my financial need with regards to Cash Flow so i can scale up and grow my business. Sanroj was very helpful from the minute i spoke to him over the phone. He walked me through it every step of the way to help me out and speed things up. Overall, a friendly guy and i did not feel pressured while i was on the phone with him. Everything went so smooth and within the duration of 48 hours maximum, the money was in my Business Account. Definitely recommend Broc Finance. Thanks again Sanroj Kind Regards, Alden Arrighi AA DOOR SERVICES
Ng Family Enquiry
Ng Family Enquiry
2022-02-24

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.
Top Business Loans - Broc Finance

What Businesses can benefit from Invoice Factoring?

Top Small Business Loan - Broc Finance

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.

Difference between Invoice Discounting & Invoice Factoring

Borrowers often confuse invoice factoring with invoice discounting. Although both fall under invoice financing, they are slightly different. Let’s compare both to clear your confusion. 

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.

How Broc Finance Can Help You?

In a short tenure, Broc Finance has helped Australian businesses, especially the SMEs to secure diverse financing options and facilitate the same via credible lenders. We have a robust network that comprises the top lenders in the country. Our accessibility to varied business loans makes it easy for businesses to get the kind of financing that’s best suited for them. The following approach makes us stand out from our competitors:

  • 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.

  • 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.
  • Clear Communication: We keep our clients well informed about the stepwise progress of their loan application through clear communication in a timely manner.
  • Competitive Pricing: We endeavour to achieve the optimum business loan solution for our clients at the most competitive pricing possible.
Top Compare Business Loans - Broc Finance

Client Testimonials

We pride in giving exemplary service to our customers