Invoice Discounting

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Update: The Australian and New Zealand operations of Bibby Financial Services were acquired by Scottish Pacific Business Finance in late 2015 to create Australia’s largest non-bank invoice finance specialist. Welcome to our website.

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INVOICE DISCOUNTING & INVOICE FINANCE - WHAT IS IT?

Invoice discounting is an ideal funding solution for profitable businesses that supply goods or services to business customers on standard trade credit terms. It is a form of invoice finance that is a line of credit secured by outstanding accounts receivable. With a typical invoice discounting solution, the sales, accounting and collection activities continue to be carried out by the client.

 

HOW IT WORKS

 

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UPLOAD INVOICE

You invoice your client directly, and upload whole sales ledger to us.
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24 HOUR APPROVAL

We will pay up to 80% of the value of approved invoices, less our fees.
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CASH ADVANCEMENT

The remaining 20% becomes available to you when the invoice is paid in full.

WHAT ARE THE BENEFITS?

It is a powerful standalone business finance facility, which helps because:

  • No requirement for real estate security
  • Like all invoice finance facilities, limits grow in line with business revenues, so there is no requirement for regular re-negotiation during period of expansion
  • Usually a confidential agreement, accounts receivable department remains in-house 

 

WHO IS IT FOR?

Invoice discounting is a form of invoice finance that is generally suited to SMEs that already have an in-house accounts receivables team. Businesses which qualify for invoice discounting will have a dedicated internal accounts department and a demonstrated ability to perform the full range of collections activities including calls, reminder letters and issuing monthly statements.

 

NEXT STEPS

 

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CALL: 1300 332 867

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Get your pre-approval today!

 

 

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