Lenders look closely at the quality and spread of customers you sell to (debtors) which can determine the level of funding. They also like to see that you invoice correctly and either obtain purchase orders or proof that the goods have been delivered or service provided.
Invoice Financing provides very large credit limits above most other loan options and is not tied to your personal or business asset values. Assessments are purely on your customers/debtors credit creditworthiness. A great example of invoice finance is one without lock-on contracts or on-going fees.Even if your credit is less than perfect, established business or just starting out, we can match you with an invoice financing options from non-bank lenders that are eager to lend you money.
You must have a registered company (PTY LTD)
Startup businesses are considered
Previous paid defaults are ok
You can be funded through restructures or ATO payments
Funds can be used for any purpose within your business
You must deal with creditworthy customers on payment terms
No property security is required
To confirm all qualification, you'll need to complete your profile
Amount you can borrow based on:
Funding is based purely on new or outstanding invoice values. For example, $100,000 outstanding will be granted $90,000 immediately.
$15,000 – $15,000,000
6-12 months – (once off arrangements are also available)
0.8% – 1.5% cost per invoice fee (depending on facility type & risk)
+ Interest rate charge of 8%-12% per annum.
As little as 2 days.
Single invoices can be financed
No real estate is required
Very flexible funding limits
You can finance some or all of your invoices
Loan increases are very common
Lack of trading history or poor financials can still be approved
Loandesk makes financing your invoices quick & easy.
We work with a select group of carefully hand-picked lenders who are chosen based on their sound lending practices and superior customer service. Complete your profile & get matched loan options from 55+ lenders.