Factoring, Debtor Finance, and Invoice Discounting a big Star at Truck show.
‘’WHY WAIT 30, 60, 90 DAYS TO BE PAID”
Get paid in 48 hours instead of 48 days
For more information contact TDFC today!
TDFC launched itself with the support of lenders for the first time at the 2009 Truck and Machinery Show R&A showgrounds 14-17th May.
TDFC consultants were proudly supported by Bibby, Cash Resources, Liberty Financial and Tyre Protector.
Factoring and Invoice Discounting was our main agenda. TDFC consultants had a wide range of inquiry. We wish to thank all companies that supported our launch and to the trucking Industry for coming up and making themselves aware of our company.
Debtor Finance is widely used in the Transport Industry. Placing invoices into the lenders and getting up to 80% funding within 48 hours, not 48 days, makes companies breathe easier when fuel and wages are due. Finally when the debtors you work for pay, they pay direct to the lender whom takes out the amount borrowed plus their fee and give the remainder to you within 48 hours. Very simple online product for the Transport Industry.
TDFC take the guess work out of facilities. We provide explanations of the facilities, fees, and provide support with the running of the facility for the first few months.
TDFC has all the information you require at our website and some questions to ask should you feel confident of finding a facility yourself.
For the right advice with lenders and fees please contact TDFC today!!!
Topics: Business Finance, Cashflow Finance, Debtor Finance, Factoring, General, Invoice Discounting, Invoice Funding, Trade Debtor Finance, confidential Invoice Discounting | 5 Comments »
June 5th, 2009 at 1:34 am
Hi, cool post. I have been wondering about this topic,so thanks for writing.
June 7th, 2009 at 1:22 pm
Thank you for your comment.
Sid Goodwin
TDFC Consultant
June 9th, 2009 at 6:35 am
Hi Sid,good to see alls going good.just a quick question,its mentioned above that when our debtors pay then the balance funds after fee’s are removed from the finance providers,are released in 48 hours? is this correct.As you know other providers withhold the amount until a nominated release date most likely 1 week after the new month starts.48 hours suggests balance payments could/would be available earlier than your competitors.
June 18th, 2009 at 11:04 am
Dear Joel,
Sorry for the delay in commenting as our firm has been flat out, and it has taken myself a while to get used to this system. Your product is factoring. The correct facility for your company would be partnership factoring. There is a unique difference. Currently you submit all invoices and you get advancement up to 80% with 24- 48 hours. When your business pays the financier, you get the balance at the end of the month less fees.
With partnership factoring its not against individual invoices. You draw down how much you need, when you need it. It is an overdraft against your receivable ledger. For example (100k) worth of invoices sent in. You have the availability to draw up to 75k when you need it. You pay interest like an overdraft on that money (11.5%) per annum or .033% per day. Any amount paid into the account reduces down the main amount, reducing interest. This is were facilties differs most. Once remittance is received they receipts invoice and release the final 20% the next business day. Joel please give our firm a call as I think you need a service check up on your facility and it won’t cost you anything to get a quote. I do believe you can get a much better rate and with our support we can guide you through to a good product. Thanks for your comments.
June 18th, 2009 at 11:04 am
Thank you for taking the time in reading this post.
kind regards
Sid