Debtors Factoring

Why are we different?

• Because EasyBizFinance has firstly been developed by people with a chartered accounting background, and secondly with a finance background.
• We’ve all been in business, and have firsthand experience as to how difficult it is to get good, solid and practical business finance to turn into a profit.

How does it work?

• We look at your list of debtors and every new invoice you issue.
• Instead of you waiting to collect this money, we’ll pay you in two lots; say 80% in 24 hours and the balance (say 20%) when your customer pays.

How is it good for you?

• Imagine what you can do with your debtors ledger paid in 24 hours rather than wait for the next 30, 60 or 90 days.
• Pay off your creditors early and get an early payment discount from them.
• Stop all those creditors’ phone calls, all in one go.
• Use the money to buy more stock and increase your sales overnight.
• If you hate collecting debtors we can even do that for you.
• Have experienced accountants review your business for free.
• Unlike banks, NO property security is required.

How much does it cost?

• For every $100 we lend you, it will cost you 90 cents*.

How easy is it to be approved?

• It’s easy to get approved when you work with a group who understands the needs of small and medium-sized businesses.
• Over 96% of businesses who we have accepted an application from have been approved – the chances are on your side.

*Cost will depend upon the interest rate and the period it takes for your customer to pay the invoice. The above price is calculated on a 30-day customer account.