Why Would You Use A Debtor Finance Facility Over Traditional Lending?

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Visit us at: http://tradedebtorfinance.com.au

Why Would You Use A Debtor Finance Facility

Over Traditional Lending?By: Trade Debtor Finance Consultants (TDFC)

Sid Goodwin

http://tradedebtorfinance.com.au/



Debtor Finance has been around for a long time




People often tell me, that the reason they are coming to Debtor Finance

is because the banks won’t lend them any monies




‘Why is that?’, I ask, They proceed to tell me

a number of reasons:




1. I have no assets




2. I have no trading history




3. I have credit problems




4. My business is too small




With these answers in mind, from a bank’s point of view, why

would they take a risk?




They were never interested in young businesses, they want large

well established ones




Banks really don’t micromanage well and often causes smaller businesses,

heartaches and pain




Which brings me back to my question




Debtor Finance Facility, Factoring, Invoice Discounting products are all

funded against invoices




The security in the whole loan is primarily the debtors

and their strength




Lenders keep exposures and limits in check, helping avoid any

situations which will leave you,the client, vulnerable




Debtor Finance firms will do checks on debtors, maintain alerts to try and

avoid any bad debt decisions




Most Debtor Finance firms only care about the Invoice Finance, and

let owners get on with business lending




Lastly Debtor Finance lenders try to assist you in the growth

of the business




It’s in their interest for you to grow, so they make more money




The most important things owners should ask are:




1. What will I do with the funding once I get up to 80% of the

invoices in 24-48 hours?




2. Do I want to be in a contract or not?




3. How long do I want to be in a product for?




4. What is my long term solution once I get to my growth phase?




5. How do I get out when the time comes?




Trade Debtor Finance Consultants( TDFC ) offers a written, obligation free quote which puts you in touch with up to 4 appropriate lenders

for you to choose from




TDFC also offers support for the life of the loan, offering help and or feedback

on the do’s and don’t’s




TDFC has a large range of references now for your firm to choose form




So if you would like to get it first hand, with up to 22 lenders and 9 different

products to choose from




contact TDFC and help a small family owned business today




A Debtor Finance facility may just be what you’re looking for to maintain your cash flow at a reasonable state




Main Office:

1300 00 8332

Fax Number:

07 5540 3727




TDFC Mobiles Any Time:0408 058 827 or 0408 711 932

After Hours Consultants: 0416 142 907




Postal AddressPO Box 300,

Waterford WestQLD 4133

Email: [email protected]


mailto:[email protected]

Why Would You Use A Debtor Finance Facility Over Traditional Lending?

Business

Why Would You Use A Debtor Finance Facility Over Traditional Lending?