Is your business struggling with a steady cash flow due to mounting accounts receivables? Is the financial gap disrupting your business-as-usual? Why not use your unpaid accounts receivables to secure business financing to replenish the cash pot? Here’s invoice discounting to bridge the financial gap of your business.
What is Invoice Discounting?
Invoice discounting is a form of invoice financing, which allows businesses to secure a line of credit by putting the unpaid invoices as security or collateral. Typically, you can get funds up to 95% of your pending invoices. Once the payment is collected from the concerned debtors, the lender releases the remaining balance net of its interest/fees. You can redraw funding against new invoices, which are due.
Invoice discounting is a revolving business line of credit that aligns itself to the expected income of the business. It minimizes the cash flow struggle, giving you the necessary funds in advance to invest towards the growth and expansion of your business while covering daily expenses.
Think it is just the aid you need to keep your business on its uphill climb? Then Broc Finance can help by facilitating the invoice discounting facility by connecting you with credible lenders.
Borrowing Limits | |
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Loan Amount | $5k- $150M |
Term | Ongoing |
Can be used for |
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Repayments | Gets settled against payment of invoices within 60-90 days |
Security | Secured against current assets of the business No real estate security required |
Pre-Approval Time | 24 hours – 72 hours |
Unconditional Approval and Settlement Time | 7-10 days |
Documents required |
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Interest Rates | Starts from 9.99% p.a. |
Benefits |
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Broc Finance facilitates invoice discounting for businesses of all shapes and statures. Our approach towards making the funding accessible to businesses is all about ideating solutions that fit specific requirements.
Invoice discounting has the following traits:
Invoice discounting empowers you and your business to be less dependent on the accounts receivables ledger and leverage the deficit to mitigate the same.
While at Broc Finance, we cater to the financing needs of all kinds of businesses some are more suited from invoice discounting, such as businesses that:
Few of the industries where invoice discounting can be suitable:
Do not hesitate to reach out to our team if you dint fit into the above-mentioned traits. Surely, we can make things work for you, facilitating the needed funds for your business.
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:
Broc Finance facilitates invoice discounting under the broader umbrella of invoice finance to all kinds of businesses. You are eligible for the loan if you have:
It depends on your perspective of doing business and customer relations. However, confidential invoice discounting is popular with our clients. If you need further assistance in the decision-making, our experts can help you with guidance and insight.
You can apply for up to 95% of the pending accounts receivables by submitting the details of your invoice ledger.
Unlike other forms of business financing, you can apply and get approval for invoice discounting even with an existing ATO tax debt. So, rest easy and let the experts facilitate the loan for you.
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.
Contact us today and discover how our expertise can help your small business thrive.
CALL US
1300 253 041
EMAIL US
enquiries@brocfinance.com.au
Broc Financial Services Pvt Ltd.
ACN 648 088 304
Credit Representative number 540795 is Authorised under Australian Credit Licence Number 389328