Up to 95% of the value of your unpaid invoices (your entire sales ledger)
Depends on the product and on your payment terms (e.g. 30, 60, 90 or 120 days)
A percentage of the invoice value (rate will vary according to your business profile, the lender and the length of the loan) plus set-up fee
Usually within 48 hours
To ease cash flow and to minimise late payment and debt
Smaller businesses with a minimum turnover (e.g. from $50,000) who want to keep their factoring arrangement confidential – some providers will work with new businesses
As you’d expect from the name, confidential invoice finance refers to all invoice discounting and invoice factoring facilities that remain confidential – your customers are not made aware that you’re using invoice finance.
If confidentiality is important to you, you might consider the three main types of confidential invoice financing:
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Disclaimer: Swoop Finance Pty Ltd (ABN 52 644 513 333) helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance Pty Ltd can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Swoop Finance Pty Ltd does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.
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