Ann: Trading Halt-XTV.AX, page-212

Debtor Finance




• As your business grows the facility grows with it
• Unlike a traditional bank overdraft, there is generally no need for security
• It is a standalone facility
• It helps you grow your business and increase purchasing power through improved cash flow
• There are no capital repayment requirements
• You invoice your client directly, and upload the invoice to a debtor finance at the same time. Within 24 hours they will pay 80% of the value of approved invoices, less fees. The remaining 20% becomes available when the invoice is paid in full
• Cost % of invoice eg 0.5%