Home > Cashflow Finance to promote factoring services at NMW

Cashflow Finance to promote factoring services at NMW

Supplier News

Finance company Cashflow Finance Australia will be promoting its factoring services on stand Stand 2912 during National Manufacturing Week 2007 at Melbourne Convention & Exhibition Centre, from May 22 to 25.

For many small to medium sized businesses, financing growth can be a costly and sometimes risky undertaking.

The usual options are bank finance, which normally means real estate security is required; selling equity in the business which entails partial loss of control; or a direct injection of capital by the owners (assuming they have access to sufficient funds).

There is an alternative. Trade debtor finance through Cashflow Finance Australia gives companies immediate access to 75% of the value of their weekly sales invoices.

In other words, instead of the usual six to eight week wait for $100,000 worth of sales to turn into money in the bank, $75,000 is in the client’s bank account within 24 hours of the invoices being delivered to Cashflow Finance. The balance (less fees) is paid when the customers pay their accounts.

The impact on a company’s finances is immediate. Negotiating the purchase of materials and services is made much easier (and cheaper) when a cash payment can be offered. Similarly, expansion of business premises is more easily financed when cash is readily available.

Cashflow Finance Australia is Queensland owned and Brisbane based, with 20 years experience in factoring finance for all industries Australia wide. With highly-trained staff, the company has a growing client base and manages the accounts to more than 10,000 debtors.

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