Entries by Paul

Invoice Finance Rates & Fees

“What’s your interest rate?” It’s one of the first questions asked and the answer often surprises. We don’t charge interest because we are not a bank and we don’t offer ongoing loan facilities. We simply buy an invoice, or group of invoices, from you at slightly less than their face value. So, let’s say you offer to […]

Invoice Finance For Construction – Engineering Success

Our client provides specialized engineering services for large infrastructure projects. In this instance, it had subcontracted to provide its services to a building company in the construction of a major facility for a well known multinational. It was a great contract worth a lot of money. The problem was that our client received payment only […]

Debtor And Invoice Finance – More Euphemisms Than Sex

The concept of  a business using money owed by its customers to secure a loan has apparently been with us since the time of Cleopatra. That shouldn’t be a surprise.  It’s a simple and straightforward idea that most semi-literate business owners in the year 20 BC would grasp. Unfortunately, two thousand or so years later, […]

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Invoice Finance For Plant Hire Companies

Plant hire companies operate in industries notorious for slow and unreliable payment. They are often last on the list to get paid and on many occasions we’ve been asked to help an owner through difficult times. Our most recent example involved an earth moving company which had signed a long contract to work on a major road […]

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Invoice Finance Example – Resurfacing Firm Super Sized

This is an example of how a small resurfacing company doubled its business in 12 months. The business owner came to us because he had been offered a number of large contracts which he could not accept because of the impact they would have on his cash flow. The problem was that the big companies […]

What Do Debt Factoring And Duct Tape Have in Common?

It was a couple of days before Christmas and I was stuck under the kitchen sink wrapping duct tape around a leaking pipe (most plumbers are skiing at Whistler this time of year) when it occurred to me that the sticky tape and my debt factoring business have a lot of similarities. Yes, it’s possible […]

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How To Grow Your Business By Factoring Invoices

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_text] Factoring invoices can lift profits, improve productivity and save time. In this video, you’ll see how a small manufacturing company was able to triple its returns by factoring invoices. While this […]

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Invoice Finance Video – Cash For Australian Businesses

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”] This invoice finance video details the considerable considerable benefits such a facility offers to your business. Personal gains 1. Money in your pocket Invoice finance can put money in your pocket […]

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How To Protect Yourself From Deadbeat Debtors

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”]   The most important thing you should do to protect your business from deadbeat debtors is to ask questions of all your customers. Get an idea of how their business is […]

Single Invoice Finance – How It Works

  Is there anything more frustrating or annoying than waiting weeks or months for a customer to pay a bill? You supplied your services immediately, but they won’t pay until they’re good and ready. It happens so often and, it really sets you back. How can you grasp an opportunity to build your business when […]

4 Tips to Get Business Loan

It has become progressively harder for business owners to borrow money from the banks. Reserve Bank Data tells the story. In 1990, almost 63% of all bank loans went to businesses. Today, that figure is closer to 34%. A business loan is not as safe a home mortgage, so that’s where the banks have been […]

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How To Turn A Tyre Kicker Into A Paying Customer

The amount of cash available to you from invoice finance is linked directly to your sales.  More sales, more cash.  It’s as simple is that. Of course, the challenge is how to increase sales. Business expert,  Tim Stokes, has a cupboard full of strategies and has helped many small business owners become successful by implementing […]

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How Success Can Kill Your Business

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”]   By Susan Milicevic, Aspire Consulting As strange as it sounds,  more sales, greater revenue and faster growth can pose real dangers to a business. The reason is that business growth […]

Get It Right Or Pay The Price

By Graham Doessel, CEO, MyCRA Credit Rating Repairs. Business owners should take care when lodging a negative listing on an individual’s credit file. Get it wrong and it could be costly. If the Privacy Commissioner decides your listing is unfair or unwarranted you could end up paying damages to the consumer. This follows a shake-up […]

Why Your Customers Arn’t Paying And What To Do About It

It’s small consolation, but if your customers are taking far too long to pay their bills you’re not Robinson Crusoe. Many other businesses are in the same boat and, as a consequence, have slowed their own payments creating a vicious cycle in which everybody suffers. According to Dun & Bradstreet’s, Adam Siddique, an increasing number […]

Delinquent Payment Figures Rise 28%

Forget the Minties. At a time like this you need single invoice finance! The reason? According to Business watchdog, Dun and Bradstreet, Australian businesses are increasingly neglecting to pay their bills. The number of severely delinquent payments has jumped 28% over the Christmas period. D & B’s definition of severely delinquent is 90 days plus […]

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Telecoms Rigger – Great Result After Shaky Start

Our new client found it impossible to control his cash flow and had become dependent on invoice finance to survive.  Here’s how we helped him break the dependency and lift his profits. PROBLEM Ron Rudd* was referred to us by a traditional factoring company.  After four years,  it no longer wanted him on its books. […]

Big Business Burns Small Fry

Small businesses are being forced to the brink of collapse because their larger and more powerful customers in the B2B  sector take too long to pay their bills. Some large companies take up to 90 days to pay. It’s  outrageous. It puts enormous pressure on small business operators struggling to meet their own overheads and […]

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Construction Company – Business Is Booming

Here’s how  short-term invoice finance helped an industry legend avoid embarrassment and rebuild his business. PROBLEM: Harry Kennett* should have been very happy.  He had won a lucrative contract to supply construction equipment to a company building a new residential tower. He planned to buy the equipment overseas and rent it to the builder for the duration of the […]

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Fencing Contractor – He Finally Saw The Light

We’ll call him the Feisty Fencer. He was looking for the deal of the Century. He came to us after securing a huge contract to build a score of  enclosures for the government. He boasted about the money he would make in the coming year. “My profit margin is 30% on each fence,” he said full of […]

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8 Secrets of Success

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”] Richard St John has been spreading the success gospel for well over a decade. He has interviewed over 500 extraordinarily successful people in many fields to discover what helped them succeed.    […]

Factoring Gets A Fantastic Face Lift

Factoring has had a fresh new coat of paint. Until now,  this powerful financing tool has mostly been the  exclusive  preserve of large companies in cosy relationships with conservative  bankers and financiers. Now,  thanks to the advent of single invoice finance  just about any business can  enjoy the benefits of selling invoices. It has never been easier to […]

Invoice Finance Tops $14 Billion in March Quarter

As small and medium sized businesses continue to grapple with a challenging cash flow environment they are increasingly turning to  invoice finance as a solution. According to the Institute for Factors and Discounters, industry turnover in the three months to March 2011 increased by 6.6% compared with the same period the year before. Total receivables […]

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Invoice Finance – Your Safety Net

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”] Many Australian businesses use invoice finance as a safety net. It’s protection for when cash reserves run low. The industry’s annual turnover is $60b a year which indicates this tried and […]