Debtors Fund – Firm Finance Pty Ltd.

Overview

• Companies experiencing strong sales growth and those with seasonal sales regularly experience periods of tight liquidity. Addressing this issue can be very challenging and traditional banking facilities such as overdrafts often do not represent an appropriate solution.
• We look beyond the director’s personal asset position in order to deliver the most appropriate working capital solution. Debtor Finance also known as Cash Flow Finance, Invoice Finance, Invoice Discounting, and Factoring uses the company’s accounts receivable / debtors to deliver a more flexible source of working capital. We offers both disclosed and undisclosed debtor finance facilities (Partnership Debtor Finance or Invoice Discounting.

Target	Any well established and clear credit history business whom sells to other businesses with excellent management capability being of corporate structure, example: sole trader; partnership; trust; private or public company
Loan Purpose	• Full Service Debtor Finance is a financial solution to both your working capital and debtor administration needs. • Firstly it provides a flexible line of credit linked to your accounts receivable Secondly enables you to outsource your receivables administration.
Loan Features	• Where you wish to reduce your time and costs on collecting invoices • Cash tied up in debtors, and you seek a funding line secured by the assets of your business. • A short terms, or long terms working capital requirement. • Recently established and with no proven track record. • Progress claims will be funded providing the contract with the debtor meets our criteria. • Where one or more debtors represent greater than 30% of the accounts receivable ledger. • Where your funding requirements are such that you need to have money advanced on one or two large debtors rather than every debtor • Improved cash flow obtains funding on your invoices immediately. Credit Protection – provides protection against your customer’s inability to pay. • Allows you to concentrate on running your business. • You are able to avoid putting on collection staff. • Better collection of accounts through utilizing Firm Finance expert credit staff & systems. • Better credit control and minimisation of bad debts through Our Lender’s state of the art credit checking and monitoring facilities and expertise in setting credit limits. • Minimizing administration, eg payment reconciliations, banking time, paperwork, sending accounts to debtors etc.
Loan Products	• No need to wait until the goods has been physically delivered.
Minimum Loan Size	$500,000 per annum (Subject to the loan scenario )
Maximum Loan size	$10M per annum (Subject to the loan scenario )
Loan to Value Ratio	80-90%
Minimum Loan Terms	1 year
Maximum Loan Terms	10 years
Security Type	Required
Additional Repayment	Not required
Loan statements	Issued Half Yearly (But you can ask us when required we will mail them to you charges apply).
Documentation Required	Subject to the loan purpose, please call 1300 790 909 for more details
Financial Information	Subject to the financial statements covering the last 12 months
Qualifying Interest Rate	Please call our consultant on 1300 790 909 for more details
Other Conditions	Any well established and clear credit history business whom sells to other businesses with excellent management capability with 2yrs in business

MORE ARTICLES…