How to raise capital without a trip to the bank
Small businesses might be getting the cold shoulder from traditional lenders, but there are other options worth considering. With many small to medium sized Australian businesses after growth capital, but many banks reducing borrowing capacities and limiting eligibility, founders and CEOs are turning their attention to alternate capital raising avenues. Here are seven options to […]
Creative ways to raise capital in your business without going to the bank
It’s a question business owners often ask. Business owners who are perhaps experiencing growth or are looking to expand their business, but in this economic climate, it’s never been more difficult for SME’s to access funding from traditional banks. And so, many business owners are having to think outside the box and look at alternative […]
Invoice Payment Times Double as Manufacturing Undergoes Cash Flow Crunch
New data collated by OptiPay reveals a sharp increase in the number of days outstanding for invoices issued, particularly to businesses in the manufacturing industry, from 42 to 58 days in the last six months. This situation is putting extra strain on Australian manufacturing on top of the ongoing inflation and global supply issues it […]
Inflation and Global Supply Issues: Late Payments Nearly Double
Inflation and global supply issues are being felt by Australia’s manufacturing industry with new data showing a sharp increase in the number of days outstanding for invoices issued. “Over the last 6 months the number of days it’s taking debtors to pay their invoices has jumped nearly 40%, stretching from an average of 42 days […]
Sharp Rise in Late Manufacturing Invoices
Inflation and global supply issues are being felt by Australia’s manufacturing industry with new data showing a sharp increase in the number of days outstanding for invoices issued. “Over the last 6 months the number of days it’s taking debtors to pay their invoices has jumped nearly 40%, stretching from an average of 42 days […]
Alternative Lending Options – Invoice Financing
Rising interest rates, the cost of living and a growing number of businesses finding themselves in default of their bank loans is leading to a spike in alternative lending options. Leading Australian financing company OptiPay has issued over $25M in new facilities since the start of this year – a near ten fold increase in […]
Invoice Financing Increases
Rising interest rates, the cost of living and a growing number of businesses finding themselves in default of their bank loans is leading to a spike in alternative lending options. Leading Australian financing company OptiPay has issued over $25M in new facilities since the start of this year – a near ten fold increase in […]
Invoice Financing on the Rise as an Alternative Lending Option for Smes
There has been a spike among businesses availing of invoice financing, a financing option with a revolving line of credit against unpaid invoices, as a way to improve business cashflow. One invoice financing provider, OptiPay, has reported that it provided over $25 million in financing since the start of this year, a near ten-fold increase […]
Alternative Lender Reports Spike in New Client Take-ons
Australian financing company OptiPay has reported issuing more than $25 million in new facilities since the start of this year – nearly a tenfold increase – as rising rates and surging cost of living make access to traditional funds tougher for many businesses. “We’ve had a huge spike in broker-driven enquiries as access to capital […]
Christmas Cash Flow Crush for Australian Businesses
Australian businesses are being warned to prepare for cash flow challenges this Christmas with an increase in unpaid invoices, rising inflation and staffing shortages. Internal data from funding solutions provider OptiPay shows the average SME is waiting on average 38 days to be paid and this is likely to be compounded by staff shortages, holidays […]