Debtor Finance
Need working capital quickly for your business but don’t want to create further debt? Then you’ll love OptiPay Australia’s leading business funding provider. Don’t wait for 45 or 90 days for your clients to pay your invoices. Turn your outstanding invoices into cash within 24 hours with Debtor Finance.
What is Debtor Finance?
Debtor finance is a smart way of getting your business the cash it needs to operate, invest and grow. All businesses have a series of regular outgoings and payment obligations, from wages and supplier bills to rent, energy costs and taxes. On top of that, they sometimes need to find money in order to invest, for example in new equipment.
No business can afford to be late on its payments, so when the bank account runs dry, many resort to borrowing the cash they need but business overdrafts and unsecured loans are expensive – especially given that your business is most likely already owed the money it needs, so why take on debt? Most businesses have tens if not hundreds of thousands of dollars tied up in unpaid invoices at any one time. Debtor Finance unlocks that money by receiving the cash from those invoices as soon as they are issued. So much money is tied up in invoices nowadays, that a trading business can often meet major finance requirements in this cost-effective way.
Debtor Finance
Quick Facts
As soon as you’re approved, you can upload some of your invoices or your entire Accounts Receivables ledger and you will receive the funds on the same day or within 24 hours of invoice verification. To get started, simply complete the online application form provided on our website. It will only take a few seconds and won’t affect your credit rating.
Quick Online Enquiry
Note: OptiPay funding solutions are only suitable for businesses with annual revenues of $1m+ per annum.
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Debtor Finance is a Smart Use of Money for
- Small and medium size businesses that need working capital to keep growing
- Businesses with annual revenue of at least $1.0 million and who have at least 4 regular paying customers
- Businesses that are coming out of a tough trading environment that need cash today to bridge the gap between invoicing customers and getting paid
- Seasonal cash flow fluctuations
Why Use OptiPay's
Debtor Finance?
Solve your business cash flow needs with flexible, fair funding.
There are all kinds of reasons why businesses are seeking to avoid loans and bank overdrafts (assuming you get approved for a business loan) – which are restrictive, often linked to property security, and commit a borrower to long months of regular repayments. That’s why Australian businesses are now securing debtor finance of over $60 billion each year using their accounts receivable. Debtor finance is the smart option for Australian SMEs.
- Release of working capital — OptiPay replaces the capital you normally have to outlay for import transactions allowing you to deploy your cash elsewhere in growing your business.
- One point of contact — A dedicated account manager oversees the entire transaction, keeping you updated. It completely removes the administration complexities and cash flows usually required in managing exports.
- No below the line costs — Eliminate the need to use standard or averages in determining the cost and sale-price by having to deal with exchange rates and changing logistics costs. The price quoted by TIM is the all-inclusive Australian dollar price per shipment delivered to your customer, with nothing more to pay.
Here's Why Our Clients Choose OptiPay
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.
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