Access cash from the stock held in your inventory.
Balancing the competing priorities of holding just enough inventory to avoid production outages, while maintaining a healthy cash flow is a challenge many businesses know all too well. Unlock the working capital tied up in your inventory stock with OptiPay’s inventory finance funding solution.
Depending on the type of inventory (eg: perishable products are not suitable, nor is capital equipment); The Stock Turn Days; The stock management system that you utilise, and general accounting procedures of the business, OptiPay will be able to assess if your business is suitable (which may require an independent valuation of the stock depending on its age).
Based on the valuation a credit limit will be determined by OptiPay and you can draw down funds to purchase new stock. As the stock is sold and debtor payments collected, the Inventory Finance Line of Credit is paid down. You can then draw again and the cycle repeats.
Inventory Finance is provided to established businesses having at least 3 years of trading history and must be profitable.
Inventory Finance works in conjunction with our Invoice Finance (Line of Credit) product so as you raise invoices, you then repay this revolving facility from your available funds.
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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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.
