Cash Flow, Debtor, and Invoice Financing in Sydney

If you run a small or medium-sized business, it’s important that you find ways to keep your assets liquid. Having unpaid invoices isn’t always a bad thing—in fact, it often means you have money on the way. However, as most of you probably know already, it can take a while to get paid sometimes. If your business can’t afford to wait for a client to complete your invoices on time, what can you do? You don’t want to burn a bridge with a paying customer, but you also want to get the money that’s coming to you in time for you to use it.

Before you start worrying too much about the unpaid invoices on your desk, consider the following: you may be able to make money from them in another way. If you’re not already familiar with the concept of invoice financing, your Sydney business may stand to gain from learning a thing or two about it. Basically, it works like this: you sell the unpaid invoices from your clients to a third party, in exchange for a pre-arranged fee. The debtor then owes any outstanding balance to the company who purchased the invoice, typically known as a factoring company. Also called debtor financing or cash flow financing, this helps Sydney businesses earn money faster than they would by waiting for payment of their invoices in full. Think of it as a way to turn your invoices into cash.

Debtor financing in Sydney is quickly becoming one of the most popular ways for businesses to stay afloat during periods where they are affected by time sensitive expenses or do not have extra resources to spare. The major advantage to pursuing debtor financing is that it allows the parties who sell their receivables to reap payments in comparatively short periods of time. If you use the right factoring companies, you could be approved within days and settle in a matter of weeks. The trick is to find a company who can get you the results you need in a short enough amount of time to make the process worthwhile.

Who to Approach for Invoice Financing in Sydney

One of the most reliable companies for cash flow financing in the Sydney area is Nova Business Finance, which has been operating for over ten years. Nova has head offices in Brisbane but offers service to clients all over the country. We provide trade finance and working capital solutions for small to medium sized businesses, including invoice financing with remarkably short turnaround times. You can be approved within 24 hours and settle within a week when you choose to factor your invoice with us.

Move at Your Own Pace

If you can’t afford to wait for your clients any longer, take control of the situation and sell your invoices to Nova Business Finance. Working with us is the best way to accelerate your cash flow and put the money you need in your bank account fast.