How Australian Small Businesses are Seeking Alternatives to Fund Growth

A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cash flow.

“Around 75% of businesses who come to us looking for invoice financing need the extra cash flow because they’re in a period of high growth,” says Angus Sedgwick, CEO of OptiPay.

“Traditionally business owners were limited with their options for business finance and a bank loan was the go-to solution but Australian SME owners are wiser in 2022 and they’re realising there are other options,” adds Mr Sedgwick.

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OptiPay offers several different funding solutions and services, one or more of which charges no interest and has no long lock in contract period, called the Fully Flexible funding option. Conditions, fees and charges apply to some of the Services provided, which may change, or we may introduce new ones in the future. Full details for all funding options (Services) including any fees and charges which may apply, is available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the funding agreements provided, for your selected funding solution (product/service), including all the Terms and Conditions contained in agreements provided, before proceeding. *T&Cs: Minimum 12-month invoice funding contract with OptiPay. Direct clients only, offer doesn’t apply to broker introduced clients. All standard credit terms and conditions apply including credit assessment. Not applicable to existing clients.

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