discussion about unsecured loans

Is Invoice Finance an Unsecured Loan?

Video Transcript

No. Unlike a traditional loan, which requires P&I repayments on a weekly or fortnightly basis, Invoice Finance has no repayments, as it’s simply bringing forward the cash that’s owed to you from your Customers and we the financier are unlocking that cash for you. The financier (OptiPay) gets repaid when your Customer makes payment of the invoice or invoices on the agreed credit terms, 30, 60 or 90 days later. For this and for many other reasons, Invoice Finance is a very common and widely used form of business finance in the United States, Europe and the United Kingdom, and it’s becoming more sought throughout Australia.

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