Many people are experiencing a drop in their cash flow during February this year and anticipate it will continue through March as well.
The latest analysis from Dunn and Bradstreet Trade Payments indicated that debtors are taking over a month longer than usual to settle their accounts.
In the September quarter, it was observed that Festive holiday payments and lower earnings for December and January would result in a 22% increase in late payments of 61-90 days. Businesses who pay more than 90+ days late have jumped by 15% and it’s the bigger companies who are the worst offenders.
And that means that it’s the small to medium sized business owner who suffers. Many made it through the tough period by chasing those late payments of September through November but payments due from that point could be hard to collect promptly when money is tight all round.
But there is something you can do now to help ease the pain.
At Finlease, we’re recommending you act now. Boost your cash flow by debtor discounting the more robust sales of Feb, March and beyond.
Get paid 80% of the invoice value within 48 hours.
Finlease has access to a broad range of Undisclosed Debtor Discounting options which:
- pay up to 80% of invoice
- money is received within 24-48 hours
- solutions which don’t require residential property as security
- flexibility to switch between dormant and active funding, saving you money for when things improve
We also provide solutions which come at reduced rates, very comparable to traditional overdrafts and can grow as your debtor base expands. Secured against real estate, this option is ALWAYS the cheapest and most flexible option.
Debtor Discounting should only be considered once any peak debt levels against real estate is at maximum economic levels (ie 80% against residential and 65% against commercial properties).
Talk to us now so that you can sleep soundly at night once more. And put your company in a position to reap the benefits of additional cash flow right when you need it most.
Unlike the big banks, at Finlease we take the time to visit you, understand your situation and assist you in selecting the right financing solution. If you are not satisfied with our solution, simply walk away with no cost. We are delighted to seek approvals as over 85% of them are taken up by clients!
Don’t just take our word for it though, visit product review at http://www.productreview.com.au/p/finlease.html and see what our clients have to say about us!
To speak to one of our Debtor Finance experts call 1800 358 658 now!