Debtor Finance
Invoice Finance
Invoice Finance (also known as Debtor Finance) lets you unlock cash flow from unpaid invoices to support your business' growth. With facilities from $50k to $15m, Earlypay has the flexibility to find the best solution for you.
Call us at 1300 760 205Debtor Finance
What is invoice finance?
Invoice finance, also known as debtor finance and accounts receivable finance, is a business financing solution that helps businesses to grow. This type of financing is very flexible and uses a company’s unpaid invoices as loan security, rather than real estate collateral.
Debtor finance typically acts as a line of credit and businesses can draw up to 80% or 90% of their accounts receivable ledger and the balance is repaid when customers pay the invoices.
There are broadly two main types of invoice finance:
Pros and Cons of Invoice Finance
Pros
Cons
Helping Australian businesses grow.
Earlypay's business line-of credit supported by unpaid invoices can be tailored to businesses of all shapes and sizes. Facilities from $50k to $15m and with or without on-line accounting - we can find the funding solution that works for you.
Flexible finance
Have an ACN or ABN and outstanding invoices due from other businesses for completed work? We'd love to hear from you.
Easy loan applications
Earlypay links with Xero, MYOB and Quickbooks to fast track loan applications. Don't use one of these? No problem, we can still help.
High approval rates
Short trading history, ATO debt or less than perfect credit history? It doesn’t need to stand between you and the finance you need.
No real estate
Rather not use your home as security? Our business line of credit only uses your outstanding customer invoices.
Cash flow that grows
The business line of credit is linked to your outstanding invoices so your finance can grow in line with your sales.
Simple and intuitive
Had enough of endless admin? Our modern platform links to your accounting software, freeing up cash flow in a single click.
What types of businesses use Invoice Finance?
Our business line of credit can support the cash flow of businesses of all sizes
Start-up
Your business is starting to take-off but cash flow is stalling. Bring forward the cash tied up in your outstanding invoices with Earlypay.
Growth
You have opportunities to scale but tight cash flow is holding you back. Turn your outstanding invoices into growth opportunities with Earlypay.
Established
You’ve been around for a while now and you’re looking for flexible business finance that works for you. Earlypay can help.
Restructure
It's been tough and your business needs a cash injection to get back on track. Unlock the value of your unpaid invoices with Earlypay.
What businesses qualify for Invoice Finance?
Earlypay’s flexible approach to business finance means we can support businesses of all shapes and sizes and we know that all businesses are different so we have learnt to be flexible.
As the Earlypay business line of credit is supported by outstanding invoices, quality invoices are the main thing that we look for. This means that we need invoices to be:
- Issued after goods or services have been delivered
- With other Australian businesses that have an ABN
Typically, we are not able to provide business finance against purchase orders or progress payments in the construction industry.
Earlypay’s business line of credit supports businesses across all industries including those below:
- Wholesale trade
- Manufacturing
- Recruitment
- Transport
- Business services
- Other industries
And because the Earlypay business line of credit is backed by your outstanding invoices, we have more flexibility than other lenders and can provide finance to businesses with
- Short trading history
- Less than perfect credit history
- ATO debts
The bottom line is that if your business has an ABN or ACN and outstanding invoices that satisfy the above criteria, we’d love the opportunity to support your business.
How do you apply for Invoice Finance?
Applying for invoice finance with Earlypay is a quick and easy online process. Simply click the Sign-up button above and complete the brief form and you will have access to Earlypay’s market leading on-line lending platform.
Xero, MYOB and Quickbooks users can streamline the application process by connecting their cloud accounting platform to securely provide accounts receivable and financial information. Once we have this information we can often approve funding within 24 hours.
If you have questions and would like to speak to the Earlypay team, please call 1300-760-205 or email us on [email protected].
Frequently Asked Questions
Is Invoice Finance a type of business loan?
Invoice financing is a flexible alternative to business loans that brings forward cash flow from invoices that the business is already owed. Business loans typically have fixed repayment amounts that are payable at regular intervals whereas invoice financing is repaid when customer invoices are repaid. Invoice financing also let's the borrower access funds as required not solely as a lump sum at the beginning of the loan.