Grow smarterGet up to 85% of your invoices paid now
Power to grow
Debtor Finance, often called Invoice Finance or Receivables Finance, gives you quick, painless access to funds tied up in your unpaid invoices.
Some debtors can take 60 days to pay, so converting up to 85% of your company’s invoices can deliver a much-needed cash injection. Those extra funds then empower you to capitalise on opportunities and keep your business growing.
Power to operate
Consistent cash flow is the biggest challenge for any business, large or small. The challenge only intensifies when debtors are slow to pay invoices, or when your sales are highly seasonal. Debtor Finance relieves cash flow strain and gives you access to cash when your business needs it.
Power to be flexible
Looking for an alternative to traditional real estate-secured funding, term loans or credit lines? Debtor Finance gives you the flexibility to supplement existing bank and finance lines with a facility that grows in line with your receivables.
That means your business can secure its own funding, independent of your Director(s)’ personal assets.
Power to leverage
Debtor Finance enables you to leverage the assets you already have at your fingertips – your unpaid invoices. You’ll no longer have to use your own personal real estate holdings as security for a bank overdraft to pay suppliers and expenses.
Debtor Finance How it works
Make the deal
You sell something to another business – a debtor
Raise the invoice
You send your invoices to your debtor and upload onto the Octet Platform at your selected frequency
We advance funds within 24 hours
We make up to 85% of the invoice value available on the platform. You can then choose to draw down a little, or any amount up to your available limit
Your debtor pays
Your debtor pays the invoice into a nominated bank account that we manage
You receive remaining invoice balance
We pay you the remaining invoice balance, less our fees
with Debtor Finance
Your upfront cash availability could be up to*
With funds advanced within
Get in touch with one of our Debtor Finance experts to discuss your tailored working capital solution.
Unfortunately, you don't meet the criteria for our Debtor Finance facility.
Why chooseDebtor Finance?
- Get access to your cash much faster than a bank can offer.
- Access your money without security.
- Improve cash flow and power business growth.
- As your receivables grow, so does your availability.
- Diversify funding while relying less on banks.
- Make your business self-replenishing.
See how Debtor Finance powers business
“Octet provides my business with an opportunity to grow – something the banks don’t do.”
Your Debtor Finance questions answered
Does my business qualify for Debtor Finance?
Our Debtor Finance facility suits a broad range of businesses from early stage, to established organisations, to businesses in difficulty. It’s also a flexible option for businesses that are experiencing losses and might be in tax arrears.
To qualify, you’ll need to:
- be in an industry that provides proof of debt (unfortunately the Construction industry is problematic here due to progress claims)
- have more than one business-to-business client on your receivables ledger, with a total ledger value of $100K or greater
- have an appropriate spread of customers
- have at least 2 years trading history
- have an annual turnover of at least $1 million.
We’ll then use your credit rating to determine whether confidential or disclosed Debtor Finance suits your business best.
How does this compare to a bank overdraft?
A bank overdraft requires you to secure the funds – often with personal assets. With Debtor Finance, you don’t need to provide any personal security. Instead, your facility is secured against your business and the receivables themselves. That means every sale contributes immediately to your business success – the more sales you make, the more your working capital facility grows too.
How quickly will I be paid?
Once you’ve uploaded your invoices, we’ll provide access to up to 85% of the invoice funds within 24 hours.
How much funding can I access?
You can convert up to 85% of your company’s invoices into an immediate cash injection.