Boosting Business Growth with Invoice Finance: A Solution for Cash Flow Struggles
Cash flow either makes, or breaks, a business. When growth opportunities arise, or unexpected expenses pop up, having access to
Need working capital for your business but don’t want to take on debt or create further debt? Then you’ll love OptiPay Australia’s leading ‘NextGen’ business funding provider. Don’t wait for 30, 45 or even 90+ days for your clients to pay your invoices. Turn your outstanding invoices into cash within 24 hours with Invoice Finance!
“Cash is King” and never more so than in business. Businesses need cash to operate. They need to purchase supply inputs, pay staff, as well as cover bills such as rent, equipment leases, telco and energy costs, and they also need money to invest and grow.
All too often this cash is borrowed in the form of high interest unsecured loans or an overdraft. Whereas most businesses actually already have the money – there are usually thousands of dollars tied up in unpaid invoices sitting in your Accounts Receivables (“AR”) ledger at any one time. Invoice finance unlocks that money by getting you cash upfront, instead of waiting 30 to 90+ days for an invoice to be paid, businesses can meet many of their funding needs including major investments with invoice finance.
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.
OptiPay charges no upfront application fees to set up an account, nor does OptiPay charge weekly or monthly interest and principal repayment fees like a traditional unsecured business loan. All you pay is a small percentage of the invoice value funded (called a discount fee) and only when your debtors pay their invoices. What this means is that you make no ongoing interest repayments at all. The actual discount fee charged can be less than 2% of your invoice value, suffice to say that it usually works out cheaper than taking out an unsecured business loan or even an unsecured overdraft facility. Yes, that’s correct – simple and fair.
OptiPay’s cash flow funding solutions DO NOT require property security as collateral. We use your Accounts Receivables ledger as collateral. The larger your ledger, the more funds we will advance you with no other physical security.
To get access to cash from their Account Receivables Ledger rather than waiting for their debtors to pay them, these funds can then be used to run and grow the business. It is the same concept as offering your customer (aka debtor) an upfront discount if they pay your invoice early, and it allows businesses to obtain an advance of up to 90% of the invoice value with the 10% balance (less a small fee) received when the debtor pays.
Solve your business cash flow needs with flexible, fair funding.
Well over $60 billion is funded to Australian businesses each year using their Account Receivables ledger. The days of bank overdrafts linked to property security being the only option for funding are over, and invoice finance is becoming the preferred option for smart Australian SMEs.
No upfront Application fees, no property security required and no hidden fees.
We’ll provide the flexibility you require in order to manage your cash flows. No long lock-in contracts either.
Don’t wait weeks or months for your money.
We’ve arranged funding for clients against multiple debtors and on more than 22,000 invoices, now approaching three quarters of a billion dollars to Australian businesses.
The benefits of working with OptiPay include:
If you issue invoices and your client (the debtor) fails to pay, and your business has not committed a fraudulent transaction, then OptiPaySecure™ steps in and protects you and covers up to 90% of the funding provided as well as the legal costs to chase your client (debtor). This is unlike business loans where you run the risk of losing your business as well as personal assets in the event of default by your client.
With OptiPay you are not locked into repayments on a daily, weekly, or monthly schedule. In fact, there are no repayments at all because OptiPay is not a bank or like other ‘unsecured’ cash flow lenders and does not force businesses into ongoing loan facilities with fixed repayment terms. All you pay is a low pre-agreed fee and only at the time when your client pays their invoice/s.
Extra fees are so common in business lending that SMEs have got used to them – but they shouldn’t accept them! It’s worth looking at a short, non-exhaustive list of fees OptiPay does NOT charge compared to other lenders.
OptiPay's invoice finance facility is available to every Australian business that invoices other businesses (B2B). We offer flexible funding facilities ranging from $100,000 to $5.0 million. Even if you can’t get a business loan or overdraft, you can qualify for invoice financing as it is based on your current sales, not your past.
Flexible and tailored funding solution for your business. Your business is not burdened with long ongoing contracts and repayment schedules. You can raise the cash flow against your debtors ledger whenever it suits you and your requirements.
Apply online from the comfort of your home or business, no unnecessary paper-work. Get up to 90% of your invoices paid within 24-hours of approval. Our simple online system gives you full control over your financing.
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.
Cash flow either makes, or breaks, a business. When growth opportunities arise, or unexpected expenses pop up, having access to
Cash flow is the lifeblood of any business – maintaining a steady stream of working capital is critical for covering
For many Australian businesses, particularly small and medium-sized enterprises (SMEs), late payments from clients are a persistent and costly challenge.
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.