INVOICE FACTORING

  • 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.

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Based on 41 reviews
Tajinder Kumar
Tajinder Kumar
2023-05-04
For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.
Darren Woodward
Darren Woodward
2023-04-28
Saroj and his team are excellent in helping , nothing is to hard and communications at the highest level .
Scott Filby
Scott Filby
2023-04-28
Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.
Jeshua De leon
Jeshua De leon
2023-04-17
The Broc Finance really helped make our financing needs quick and easy, would 100% recommend them!
Anju Gupta
Anju Gupta
2023-03-02
Excellent service, smooth and fast! Saroj is very efficient, got better rates than market. Thanks Broc Finance.
Brendan Diamond
Brendan Diamond
2023-02-16
Saroj was great to deal! He knew which lender was best for our situation and delivered when we needed it most. Would recommend him sure. Thanks!
Nick Jackson
Nick Jackson
2023-02-09
Saroj and his team were great. Always there to answer any questions. Definitely recommend. 👍
Jacky Zhang
Jacky Zhang
2023-01-17
the irish shop
the irish shop
2023-01-17
Sarog, We would like to thank you for your support when we required additional funding to move our business forward. Although it was not an enormous amount , you showed a willingness to listen and support our needs where others didn't think it was worth their while. We thank you for your support and professional advice that got us to the result that we wanted. I thoroughly recommend you to anyone that is looking for real professional help when looking to fund their business further. Thank you.
Carolyn Kalomiris
Carolyn Kalomiris
2023-01-16
Thank you Saroj,, Very helpful, you have helped make my dream come true ,, I now have an amazing Cafe opening soon, great communication, efficient, and professional all the way ….. Much appreciate your help with my fiancé Happy Customer

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.
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What Businesses can benefit from Invoice Factoring?

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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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