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Invoice Finance

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Applying is free and it won’t impact your credit

An Invoice Finance is sometimes referred as “factoring”. Invoice Financing basically means your business sells your invoices to a lender. In factoring, your business can borrow up to 80% of the invoiced amount immediately, the lender then becomes the collector of those
invoices.

Loan Amount

$5 – $100k

Time To Funds

1 – 3 Days

Loan Term

30 – 180 Days

Interest Rate

3% – 5%

✔ Advantages:

  • Injection of cash instantly – no need for long periods of time to receive payment of invoices.
  • Takes away risks of late or non payment of invoices.
  • Short term finance issues can be covered with Invoice Finance.

❌ Disadvantages:

  • Less than the face value of the invoice received.
  • Most of the times it is more expensive than a loan finance.
  • You will need a minimum turnover requirements – not available to new businesses without proven history in sales.
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Company

  • Easy Park Australia ABN: 55 213 040 116
  • Made with ❤️ in Australia

Advance funds is owned by Easy Park Australia ABN: 55 213 040 116 acts under a fund facilitator / commercial aggregator. This content does not constitute legal, tax or financial advice. Please contact your advisor for more information.Products, features and info shown are general in nature and may vary depending on individual situations, please refer to loan contract/offer for terms relevant to you.