Factoring and Debtor Finance: Factoring helped business turn their financial pos...

Factoring and Debtor Finance: Factoring helped business turn their financial pos...: 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 da...

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.

Factoring and Debtor Finance: Improve Cashflow with Factoring

Factoring and Debtor Finance: 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 al...

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

Factoring-free quote: Factoring - Free Quote & Consultation

Factoring-free quote: 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 invoice...

Factoring and Debtor Finance: Factoring and Debtor Finance Myths

Factoring and Debtor Finance: 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...

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