Video Transcript
Invoice finance carries many advantages over a business loan. As a revolving facility based on the value of the sales, with no fixed repayment period, you have the flexibility to draw down and use the facility only as required by your cash flow demands. There are no fixed fees, such as upfront principal and interest rate charges or repayments that you would usually expect with a traditional type of loan. With invoice finance, you get your cash straightaway with no upfront costs. Fees are only charged as and when an invoice is paid by your customer and that it’s a relatively small value of the invoice face value commensurate with an early settlement discount that you may otherwise offer your customer. Compared to an unsecured business loan, invoice finance is generally a cheaper option that leverages the security of your receivables ledger to shorten your working capital cycle.
Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
