Need help with your cash flow but are fed up with the painful finance negotiations? Hate going cap in hand to the bank? Or can’t stand being locked into unfair finance contracts?
Then you’ll love OptiPay Australia’s leading ‘NextGen’ business funding provider. Get immediate cash from $100,000 to $5,000,000.
A cash flow loan is a type of borrowing that is used for day-to-day operations of a small to medium size business. Such a loan is used to finance working capital — payments for inventory, payroll, rent, etc and is paid back with incoming cash flows of the business.
A cash flow loan typically comes with a fixed term (6 to 12+ months) with fixed weekly or monthly interest charges that need to be paid, and often also comes with an upfront application fee.
OptiPay offers a flexible funding solution called Invoice Finance which is like a cash flow loan, but without the high fixed interest charges and the usual minimum term.
Invoice finance offers a great alternative to business overdrafts and unsecured loans by leveraging the thousands of dollars which businesses have tied up in unpaid invoices. By unlocking the cash in its accounts receivable ledger and getting that money today, a business can often meet all its finance requirements without having to sign up to a loan or give away equity.
No need to resort to high-interest traditional loans or wait for 45 or 90+ days for your clients to pay your invoices. Turn your outstanding invoices into cash within 24 hours and meet your cash flow requirements with ease.
Typically, you receive up to 90% of your invoice/s value up front, in cash. You then receive the balance of the invoices, less the OptiPay agreed discount fee when your debtors pay your invoices.
OptiPay has no application fees to establish your Funding Account. So, there are no upfront fees before you receive funds from OptiPay. You can secure your funding in 5 simple steps.
This is Paul, he is one of the directors of UVS, a labour-hire provider to the construction industry. Here’s what he has to say about how OptiPay was able to help his business grow and succeed. Contact an OptiPay expert today to see how we can help you.