FUNDING EXAMPLE
You select one or two invoices you wish to receive immediate payment for. You sell the invoices to us and we immediately give you up to 90% of the invoice value, in cash. When full payment is collected from the customer, we give you the remaining 10% of the payment less our fees.
| Fully Disclosed | ||
| $35,000 | Invoice value | |
| $31,000 | 90% payment to you | |
| Customer Makes Payment | ||
| $1,750 | Cashfactor fees | |
| $1,750 | Residual payment to you | |
| $33,250 | Total payment to you |
For new clients the process usually takes 24 hours. For existing clients, it takes a couple of hours.
Our invoice discounting service is ideally suited to businesses that:
- Sell to other businesses.
- Have a short term need to improve cash flow.
- Wish to have flexibility of when to sell invoices.
- Have long term growth prospects.
- Have an average invoice value of $5,000 or more.
The Benefits to your business are:
- Provides immediate cash flow.
- Improves purchasing power.
- Enables cash flow to grow with turnover.
- Provides cash for expansion and plant.
- Reduces highs and lows of seasonal income.
- Reduces need for bank overdrafts.
- Replaces the need for property as security.
- Reduces office administration costs.
- Eliminates time spent chasing slow payers.
