Business Finance Solutions

When your business delivers goods or services to your customers and you raise invoices for these goods – this allows a funder like OptiPay to advance you up to 90% of the invoice(s) value in as little as 24 hours, instead of waiting 30 to 90+ days for your invoices to be paid. It’s similar to offering a discount on your invoice to a customer if they paid you cash-on-delivery, but as we know, offering customers discounts to speed up payment rarely works.

With OptiPay’s Invoice Financing solution, you are able to raise funds for your business without the need to give any property security. It’s simple, fast and the amount you can access will grow as your business grows and you invoice more.

The total amount of your facility will depend on the specific circumstances of your business. We consider a variety of factors to determine the health of your business, suffice to say that we are in many cases able to advance up to 90% of your revenue (being your invoice value) at any given time. We look to advance amounts of between $100,000 and $3.0 million to businesses, at any given time.

When you apply, we will assess the risk profile of your business and provide you with a customised offer including the facility amount, facility term, and discount rates. The charges will vary based on things like your industry, how long you’ve been in business, the profile of your clients and the health of your business.

 We do not charge any upfront origination or application fees. There are no hidden fees for our funding solutions, and you’ll know exactly how much you need to pay and when. Unlike a business loan there is no principal and interest payments as we are not providing you with a loan, we are simply advancing you your money based on the value of the invoices you have issued to your customers, which we charge a small discount fee on. This fee can range from as little as 0.75% to 3.5% of the value of your invoice. Think of it as giving an early settlement discount to a customer for them paying you in 24 hours – same concept.

If you wish to receive your individualised rate from OptiPay, please call us on 1300 694 686 or complete our easy online application.

The short answer is ‘no’!

OptiPay considers the health of your business to determine creditworthiness, more specifically your debtors ledger.

This is probably one of the biggest misnomers in Australia and cannot be further from the truth. If anything, your customers would have comfort knowing that you have a financial backer, providing you with the funds required to purchase your stock, pay your wages, etc. in order to deliver your goods on time and as expected. In fact, it should provide them comfort that you are getting financial stability.

This notion is the old perception of factoring – which many years ago was provided to businesses going backwards. OptiPay does not provide factoring solutions.

Most large business have loans from their banks and overdrafts, if you knew they had such debts would you feel uncomfortable? Probably not as it means they are optimising their balance sheets (like you) by utilising 3rd party funds to continue growing. In the UK and USA, invoice financing is the go-to funding solution for small and medium and even large businesses, due to its flexibility, cheap funding costs, and simplicity.