Panel Shop Facility

Overview
• Panel Shop Factoring is a financial solution to both your working capital and debtor administration needs Firm Finance provides a notification factoring service i.e. debtors will send payments on invoices factored direct to Firm Finance
• Your company can factor approved insurance companies & corporate fleet clients through our service.

Target
Panel beater work shop

Loan Purpose	Well established and clear credit history business
Loan Features	• You forward invoices to Firm Finance together with supporting documents as required in pre-paid envelopes supplied by Firm Finances • Our lender accepts invoices and pays an agreed percentage of funds by Electronic Funds Transfer to your bank account usually within 24 hours of initial receipt. For a small fee you can receive funds within 2 hours.
Loan Products	No need to wait until the goods have been physically delivered.
Minimum Loan Size	$100,000 per annum (Subject to the loan scenario )
Maximum Loan size	$5M per annum (Subject to the loan scenario )
Loan to Value Ratio	100%
Minimum Loan Terms	1 year
Maximum Loan Terms	10 years
Security Type	Must be provided
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