Debtor Finance
Debtor finance is an alternative to the traditional overdraft that does not require bricks and mortar security. It is an easy way of providing cash for a fast growing business as it releases funds tied up in trade debtors, providing a flexible source of working capital for SMEs.
Debtor finance allows businesses to recoup up to 80% of the approved value of invoices, less fees, within 24 hours of processing. All collections from debtors are offset against any initial payments, leaving the balance of 20% available to the borrower.
Details of the sales are forwarded to the financier on an ongoing basis whether it is daily, weekly or monthly.
It is a great way to do away with expensive settlement discounts and release fixed assets.
Please go to our Contact Us page and get in touch with your nearest Centrepoint Finance Broker to discuss how we can tailor the ideal finance package for your business.
