SUITABLE BUSINESS LOANS & COMMERCIAL FINANCE
Debtor and Invoice Finance
Turn Invoices into cash
Improve your cash flow by unlocking money owed to you by your customers. Our Debtor and Invoice finance solutions can help your business grow by converting invoices into cash.
Deep Industry Expertise
We have deep industry expertise and knowledge gained through actual hands on experience in industry. We build long standing relationships with customers and can understand your business and industry sector.
Broad Industry Experience
Unique to Suitable Loans we have actually worked in industries such as Building and Construction, Materials, Manufacturing, Telecommunications, Music, Arts & Entertainment, Retail, Government, Automotive, Education, Information Technology, Healthcare, Financial Services
We are your
Trusted Advisor
You have our Business & Commercial Finance team behind you to support you through the financing process and beyond. We negotiate with lenders and look after your best interests.
Invoice Finance Solutions
- Unlock cash from unpaid invoices - also called invoice discounting, lets you access money tied up in invoices.
- How can it help? - businesses with debtors who are slow to pay, have long payment terms, or late payments, causing a gap in cash flow or businesses with seasonal cash flow cycles.
- Get access to your money - don't wait for 30 - 90+ days to get paid.
- Maintain control - maintain control over the collection of money for the outstanding invoices with the finance remaining strictly confidential.
- How does it work? - Funding is provided based on outstanding invoices and the lender usually makes up to 80% of the invoice value available. You access those funds as you need to for operational costs or business growth. As customers pay into the account your loan amount reduces by repaying the outstanding finance and any excess also becomes available to you. The lender gives you more funding when you submit new invoices. You maintain your relationships with your debtors and the whole process looks like business as usual to them.
- Invoices act as Security - the invoices themselves act as the security instead of real estate backed security, and there are no regular fixed loan repayments.
- Flexible solutions - funding and finance limits grow in-line with your sales so you don’t have to re-negotiate limit increases. Debtor and Invoice financing has high approval rates from lenders.
- Confidentiality - the invoice finance is not disclosed to your customers. You do your own collections and send out your own monthly statements as usual.
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Invoice Factoring - where a business sells its invoices to the invoice factoring company for an upfront payment of 80%. For businesses who don't have a dedicated accounts department it is an end to end accounts receivable and collection service and is disclosed to your customers.