Earlypay can offer Invoice Factoring to businesses of all sizes with facility limits from 50k to $15m. Call us today for a tailored funding solution that works for you.Call us at 1300 760 205
What is invoice factoring?
Invoice factoring is a type of invoice finance that lets businesses access cash that’s tied up in unpaid invoices. Rather than having to wait for those invoices to be paid, invoice factoring can release those funds upfront and they can be used to fund business growth.
Invoice factoring involves a business selling its accounts receivable to a third party at a discount to the full invoice value. Typically, factoring companies advance up to 80% of the invoice value upfront and when the invoice is paid, the extra 20% is paid back to the business less a fee.
Pros and Cons of Invoice Factoring
How Earlypay can help with Invoice Factoring
At Earlypay, we're all about being flexible and finding the best solution for you. We can offer Invoice Factoring facilities from $50k to $15m and work with you to make it as convenient as possible.
Many of our clients find that uploading ledgers works well for them but for those that use cloud accounting platforms, our easy-to-use Earlypay seamlessly integrates with Xero, MYOB and Quickbooks to make things simple.
Get in touch with us today for a tailored solution and see how we are making business finance simple for Aussie businesses.