Factoring- Debtor Finance the perfect growth finance.
Within the ranks of Trade Debtor Finance Consultants, we have seen a steady change in the business environment. Construction companies starting again, Transport companies getting better deals, Manufactures competing against the Chinese Juggernaut.
Most of these industries are contacting us at a daily rate. Factoring, Debtor Finance is the fastest growing facility in Australia. In fact more and more lenders are popping up everywhere. If your business has been through tough times, or looking to start up, Factoring is the only finance product that will assist you grow to the next level.
As TDFC has been trading over 3 years now, we have references from Factoring clients that have been with us for two years and moved on as they have grown their business. TDFC only uses reputable Factoring or Debtor Finance Lenders.
For more information with a free quote about Debtor Finance, contact Trade Debtor Finance Consultants today or email accounts@tdfc.com.au www.tradedebtorfinance.com.au
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Factoring helped business turn their financial postions Around.
Factoring or Debtor Finance.
Its a very trick subject. Funding invoices and getting up to 80% of them in 48 hours instead of 30 – 75 days. Using this cash to catch up bills, grow your business, buy more stock, and or employ more staff. Then getting the balance of the invoice ( The final 20% less fees) once the debtor pays their account.
That is the Factoring product in the nutshell, but its obvious that each business is different, and has different circumstances. So with that in mind, every lender has different advantages and disadvantages.
TDFC ( Trade Debtor Finance Consultants) help clients not only to understand the product, but help them get choice in which lenders will suit their needs. Best of all, it is at no direct cost to your firm. Also if any of our lenders are chosen, then TDFC consultants will help you with support for the life of the factoring loan, again as no cost. TDFC was set up to help business use these products and get on with growing your business.
The best example of this. A business with around 1.8 million turnover approached our firm about factoring. They had spoken to their bank, but because they had a tax arrears, the financier shunted. them. They spoke to other lenders with a similar result. One call to TDFC and our firm offered them 4 alternatives. This firm has now payed back their arrears and have steps in place to not only stop this from happening again, but is now moving forward in growing. Now that this is happening, they will be able to get their orginal product of choice, no problems.
For more information about Factoring or Debtor Finance, log onto our website: www.tradedebtorfinance.com.au or email accounts@tdfc.com.au today.
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, General, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Improve Cashflow with Factoring
Business Owners are often not quite such if Factoring Invoices is a good thing or not.
So let TDFC help you to decided. Your business already has a sales, and a range of debtors. The only problem is that you have to give them terms in most cases, becoming the bank for their purchases. Often as a business owner you shielding call from your creditors and cant pay for stock until such time as your debtors pay their bills. It is a vicious cycle.
Factoring or Debtor Finance can be the answer. Getting up to 80% of your outstanding invoices in 48 hours instead of 30 or 60 days can assist your growth, get discounts from your suppliers, or even help you pay wages for more staff.
In most cases, the better Factoring or Debtor Finance products are used exactly like an overdraft. Drawing down what you need, when you need it, and only paying interest on those amounts. Of course finding the right products which suit your business is a tricky scenario. Factoring salesman tell you what you what to hear, not whats best for you.
This is where Trade Debtor Finance Consultants come to fruition. TDFC interviews your firm, gets all the information it requires to give you a written quote and more importantly in most cases options with one call. There is no direct upfront costs, and TDFC gives support for the life of the loan chosen.
TDFC helps you through the tricky take on or teething period, advising your firm of the optimal way of using these factoring facilities. Best of all if our consultants don’t think this product will assist your firm, we will tell you. For a free quote email accounts@tdfc.com.au or visit our website www.tradedebtorfinance.com.au
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, General, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Factoring – Free Quote & Consultation
Factoring.
This word is often looked upon as a dirty word in finance. Factoring or Debtor finance is the name given when financing invoices and getting paid for them in 48 hours instead of waiting 30, 60, or 90 days.
Factoring has been present for thousands of years. Often it has been used as a method of last resort and therefor coping the blame for sending business’s owners broke. In most cases this product will highlight deficancies in company procedures and if left unchecked will become a nightmare.
In some circumstances it can be a very costly exercise because they think factoring companies will give them cash flow and collect debts for them. Often forgetting that they are finance companies and make monies of interest borrowed.
Trade Debtor Finance Consultants was set up to offer business’s a free quote and consultation about these products. Our firm is here to answer those more difficult questions and if any of our lenders are chosen, we offer support for the life of the factoring loan at no direct cost to your firm.
Factoring is a very positive finance product if it is used to grow your business. It may not be as cheaply priced as a Line of Credit, or overdraft (which are normally set and secured by directors assets). However Factoring or Debtor Finance is often secured by one business asset. Your debtors! Borrowing against your debtors depends on the size of your receivables not your assets.
Factoring firms do credit checks, set limits, set exposures, and is the safety net for business’s looking for new clients. If you give a Factoring firm the new clients ABN number before you comence sales or work, they will conduct a credit search and set a limit assisting business with the application process.
As stated you don’t want factoring firms collecting invoices. They make their monies of the length of time it takes them to be paid, so its always a conflict of interest. Keep the collections in house, make sure your know the length of time it takes to be paid, and factor accordingly.
TDFC consultants help understand all the ins and outs of these products. We find the lender or lenders to suit your factoring requirements with just one call.
For a free quote or consultation on Factoring, please email: mail@tdfc.com.au or visit our website www.tradedebtorfinance.com.au
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, General, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Factoring and Debtor Finance Myths
Trade Debtor Finance Consultants was created so that business’s get the right advice about these products at no direct charge to your firm. These products are more expensive than bank products, however the risk is higher. Banks want assets to protect their interest and in doing so tie up the directors assets in the process and well as the business assets.
Debtor Finance only takes the business asset. (Your debtors as security). This is partly the reason why costs are higher. Also most private lenders borrow their funds from a bank, so they have to pass on costs. Its not proven but a bank can regulate the lenders costs, making their own products look like a better deal.
Factoring or Debtor Finance is best used to grow your business. If your growing your business then the cost are less concerning as your using cash advanced from your business assets. Without this your business would be in a position to grow.
Basic concept is if you have a range of debtor paying 30 – 60 days and instead of waiting get paid 80% of those invoices in 48 hours with the final 20% less a fee when the debtor pays, your business would be accessing your cash to grow your business. You not borrowing moneys, your not loaning more amounts against your asset. You simply getting paid faster. If your sales ledger grows, so will your debtor finance limit and often as you get bigger it gets cheaper.
Some common statements TDFC consultants have heard are the following:
My Accountant said that is expensive and a bad idea! ( Okay, so how does your accountant what to grow your business, get more stock or staff. Remembering this product is to grow your business not pay overdue bills.)
My debtors will think I am going broke and stop buying form us!
Maybe 20 years ago when not much was know about the product, but today if directors let debtors know that your positively growing your business and this will help your business get a better buying price, which will flow back to them, you will find they will be receptive. Debtor often are only worried about the fact that a finance may chase them if they don’t pay their bills. Well that is a great, but often not the case, as the invoice will be sold back to you in 90 days if not collected. In our experience, upfront explanations often stop the mind from wandering its own conclusions.
TDFC has experienced staff that can explain all the ins and outs of these products. Our firm is here to offer choice and fit the lenders to the clients needs. Often going direct you get a salesman that tells you what you want to hear. TDFC gives support for the life of the loan as no direct cost and can answer any questions you may have.
For more information please send an email to mail@tdfc.com.au or visit our website at www.tradedebtorfinance.com.au
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, General, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Qld Flooding effecting Business Cashflow
Has Qld Flooding caused Cashflow Issues?
Trade Debtor Finance Consultants gives out its warmest condolences to those people and business’s who have suffered due to this terrible ordeal.
If you have a business who, is now in desperate need of funding, you can use Factoring or Debtor Finance to finance invoices until such time your business gets back on its feet. TDFC has no upfront fees and will negotiate and support your firm for the life of the loan.
No matter what industry or size of the firm, TDFC consultants will do all it can to assist your business in and out of the finance products.
For more information please call Trade Debtor Finance Consultants today.
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Using TDFC Has Some Real Rewards
Trying to increase your stock levels, pay creditors on time, obtain supplier discounts and accelerate business growth?
TDFC (Trade Debtor Finance Consultants) is one free call away that takes away the guess work out of which facility is right for you. TDFC does the leg work for you which saves your valuable time and energy only to be told the same thing. We know the financiers and more importantly we know how their products work. With 15 lenders and many products to choose from, we can give full customer service support for the life of the facility chosen.
TDFC offers no obligations, free consultations and we tell all the truths that lenders often forget.
Call TDFC Today
07 5547 8731
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, General, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
Christmas is nearly here! Increase Cashflow by Factoring.
Once again Christmas is nearly here and the busy festive season commences. Stock is often the key issue. By utilising Factoring you can access funds within 24 hours and get more goods on the way.
Factoring or Debtor Finance is a very powerful financial product. Banks often ask for more security and their lending has dried up. Invoice Discounting or Factoring is the remaining unsecured product in the finance industry.
Trade Debtor Finance Consultants (TDFC) is the only Factoring specialist consulting company in Australia. With over 15 lenders and 9 different products, TDFC helps find the right product and lender to suit your needs at no direct cost to your firm. TDFC also offers complete support for the life of the Debtor Finance Facility.
So beat your opposition and contact TDFC today for a obligation free quote on these products.
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
How to Grow your business in todays enviroment!
Business’s today are finding banks have tightened their criteria in regards to lending. The recent NAB add shows a 45 billion reduction to lending.
Invoice Discounting, Debtor Finance, and or Factoring has never been at its strongest.
So now more than ever Debtor Finance is at its highest position in lending, showing business’s a way of getting hold of cashflow to increase turnover and get your budgets going in the right direction.
Of course you have to way up costs, how long debtors take to pay, will this benefit our business goals. TDFC encourages accountants to get involved and show that this product used well can do such actions.
TDFC offers a no obligation quote, showing owners and accountants the ins and outs of these products. With over 15 lenders in support and over 9 different products to choose from, business owners can sit back be better informed about this decision.
If you would like to know more about Factoring or Debtor Finance, please give our consultants a call and take the first step in being better informed about Cashflow Finance.
Trade Debtor Finance Consultants
0408 058 827.
www.tradedebtorfinance.com.au
Topics: Business Finance, Cashflow Finance, Debtor Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
What is Factoring? Can it help me or send my business broke?
ONE CALL COULD SAVE YOU THOUSANDS OF DOLLARS.
For the last 20 years Factoring in Australia has been sold by people of knowledge as the finance of last resort. Expensive, cumbersome, and not user friendly. Trade Debtor Finance Consultants have started to change the way business operators use this product. TDFC has an expert team to help you understand the DO’s and DONT’s.
I am sure the inventors of such products would be disgusted with that concept. Most financial products were never intended to send a company broke and factoring or debtor funding has been finger pointed as the cause more often than not.
Business owners are often the ones who need to fund invoices to pay out already overdue accounts. Robbing your assets to pay liabilities is a recipe for disaster. Business owners then have a factoring fee slowly eating away the bottom line. (TDFC advises clients of this regularly and more often or not tells their prospects to change business ways.) This is the situation that will send a business broke and often the factoring financier is held to blame, when clearly the owners choose the wrong options.
Debtor Finance or Factoring is a strong weapon in Finance and if used correctly with the costs being offset by growth can build your business to the next level with so many benefits. Here are just some examples:
1. Its unsecured line of credit.
2. Each debtor must qualify with a credit search to the proposed limit.
3. The financier sets exposures against debtors ensuring all your eggs are not in one basket.
4. Debtor Finance helps tighten up your back end procedures, obtaining sign off for work completion, keeping track of payment dates and overdue accounts.
5. Makes business owners take notice of profit margins and job quoting. Understanding the funding costs means you can quote with confidence the jobs can or can not do.
6. Most Debtors don’t want to tangle with a financial lender and often get jumpy should one ring on an overdue account.
7. At the end of your contract with a factoring company, reports can be presented to a bank as a credit history to obtain and overdraft and other bank products. Running these facilities, showes strength in management & procedures of a company.
At TDFC we explain all facets of the financial products ensuring each client knows all the pros and cons of a facility. TDFC consultants strive to have a clients leave factoring and move on to bigger and better things. TDFC explains all 9 products with support of over 25 lenders to the industry.
For more information please call a consultant today 07 5547 8731 or 0408 058 827
Topics: Business Finance, Cashflow Finance, Debtor Finance, Factoring, Invoice Disconting, Factoring, Factoring finance, Factoring invoices, General, Invoice Discounting, Invoice Finance, Invoice Funding, Receivable Finance, Single Invoice Factoring, Single Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | No Comments »
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