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    Single Invoice Finance Brisbane

    Business CashFlow Solutions

    “At My Working Capital, we understand the heartbeat of your business. ”
    From our home base in Brisbane, we’ve been a driving force behind many local success stories, fueling growth with our dependable funding solutions. Need working capital? We can help you. Call us now on Ph 1300 430 076 or you can email us.

    Three game-changing finance opportunities

    Invoice Finance

    Unlock the value of a single invoice or finance your entire book for consistent cash flow.

    Supply Chain Finance

    Optimize your supply chain by streamlining payments to suppliers.

    Trade Finance

    Forge domestic and international trade with confidence.

    Talk To Someone Who Understands You

    Because we are locals, focusing on Brisbane and South East Queensland, it’s easy for us to meet with you, to get to know you and understand how your business works. That enables us to implement funding solutions to meet your specific requirements.

    Our greatest satisfaction comes from helping you to transform your business and place it on the road to success.

    Reach Out By Email or Ph 1300 430 076

    This is what our customers say

    Funding tailored to your business needs

    “Maximise your business potential with up to $2M.”

    —   With a revolving credit line you can confidently chase your goals and seize opportunities when they come along. Unlock the full potential of your business today!

    Our Cash Flow Solutions

    Below are the benefits:

    • Funds on tap
    • Competitive rates
    • Tailored options
    • Off-balance sheet
    • Short-term or Long-term
    • Reduced risk of non-payment
    • Quick set up
    • Secured or unsecured
    • Credit Insured
    • Stronger Financials
    • Increased negotiating power
    • Less Stress

    Our Experience

    Invoice Finance 95%
    Supply Chain Finance 89%
    Trade Finance 90%
    Expertise 100%

    Latest Updates

    • Supply Chain Finance for SME’s

      Supply chain finance (SCF) is a valuable tool for small and medium-sized businesses that are growing or struggling to grow because of unstable cash flow.   In this article, we’ll explore what supply chain finance is, how it works, and why it’s become increasingly popular among businesses of all sizes. First, a success story: Sheltering from the storm – a case study Robert was no stranger to success in the manufacturing world. His company had become a market leader through hard work, savvy business moves, and a dedicated team. However, Robert also had the foresight to realize that economic winds can shift rapidly.   As predictions of an economic storm on the horizon increased, he knew being proactive was key to protecting his business. That’s when Robert came to us, intrigued by this concept of supply chain finance. Despite his business’s strength, he understood the need to secure more flexible cash flow options to reinforce his company’s financial fortifications. The Solution We showed Robert how supply chain finance offered a solution that would benefit his company regardless of what the economy threw his way.   We would pay Robert’s suppliers upfront on Robert’s behalf. But crucially, Robert wouldn’t need to repay us until after he had delivered products to his own customers and booked the profits. Robert immediately saw the strategic value in this approach. It would decouple his payables from their receivables cycle, providing a cushion of flexibility. If an economic downturn did arrive, Robert would have a built-in solution for keeping his  supply chain humming along smoothly. However, supply chain finance wasn’t just a defensive manoeuvre. Robert was equally excited about the opportunity to offer his own suppliers’ early payment in exchange for a discount. This would improve his margins while strengthening loyalty across his supply chain during both good times and bad. Success Implementing supply chain finance allowed a proactive business leader like Robert to control his own destiny. Instead of being reactive to potential headwinds, he could batten down the financial hatches early and keep his firm’s sales engines running full steam ahead. In the months and years that followed, supply chain finance proved to be a wise investment. Robert deftly leveraged it to support growth, nurture key supplier relationships, and safely navigate any temporary choppiness in the waters. His foresight and strategic use of this financial facility allowed his company’s success story to play out unencumbered. Huge global market The global supply chain finance market is significant and growing rapidly. According to a report by Allied Market Research in September 2023, it is projected to reach $13.4 billion by 2023, growing at a compound annual growth rate of 8.8% during 2022-2031. Until recently, large SCF platforms catered primarily for blue chip companies.  Now, supply chain finance is available to businesses of all sizes. What is the purpose of supply chain finance? The primary purpose of supply chain finance is to improve cash flow and working capital for both buyers and suppliers. It typically involves three parties: the buyer, the supplier, and a finance provider. Why Do businesses Use supply chain finance? A company (the buyer) that wants to preserve its working capital might take as long as possible to pay for goods. That’s generally an unpopular move, so, it arranges for a finance company to pay suppliers on its behalf. The finance company gets its money back after the buyer has on-sold the goods or engineered them into a product that is later sold. It means that the company is able to generate a profit without using its own money.  Typically, it will repay the finance company within 60 days to 90 days although it can be even longer. The supplier of the goods also wins because instead of waiting weeks or months for the buyer to pay, it gets paid on the due date. If the supplier offers a discount the bill can be paid even earlier ensuring it has working capital available to meet its daily needs. How does supply chain finance work? In this example, Company B gets paid early, improving its cash flow. Company A can hold onto its cash for an additional 60 days, improving its working capital. What is dynamic discounting? Dynamic discounting (also known as early payment discounting) is a strategy that complements supply chain finance and can provide additional benefits to both buyers and suppliers. With dynamic discounting, suppliers offer a sliding scale of discounts based on the number of days the buyer pays early. The earlier buyers pay, the larger the discounts they receive. Dynamic discounting can be integrated into SCF platforms, allowing buyers to take advantage of early payment discounts while still benefiting from extended payment terms. This approach can further optimize working capital and cash flow for both parties. How much does supply chain finance cost? The cost of supply chain finance varies depending on the finance provider, the creditworthiness of the buyer, and the specific terms of the arrangement. Typically, the finance provider charges a fee based on the invoice value and how long it takes for the funds to repaid.  What are the benefits of supply chain finance? Buyers Sellers What are the downsides of Supply Chain Finance? What is the difference between supply chain and trade finance? While supply chain finance and trade finance share some similarities, they are distinct financing solutions: Trade Finance: This is a financing solution designed to facilitate specific purchases from domestic and international suppliers. Supply Chain Finance: SCF is more holistic to the extent that it focuses on optimising working capital and cash flow within a buyer-supplier relationship mostly within a domestic or regional supply chain. What is the difference between supply chain and invoice finance? Supply chain finance and invoice finance are both working capital solutions, but they differ in their approach and target audience: Invoice Finance: (also known as factoring or invoice discounting). It involves a finance provider purchasing a company’s outstanding sales invoices at a discount and advancing a percentage of the invoice

      March 15, 2024
    • Business Loans For SME’s- The Complete Guide

      Introduction SME business loans come in an array of options, but the challenge is making the right choice for your business, so in the following short chapters, we’ll show you how to find a lender and a loan that meets your needs and explain how to ensure that your loan application is approved. 1. The Grim Reality Business survival statistics are sobering. As many as 5000 businesses, give or take, stumble into financial strife and close their doors each year in Australia. New businesses face the toughest battle. Flipping a coin The odds of a start-up going under within 4 years are about the same as you could expect from flipping a coin. That means only half of the companies which opened their doors in 2019 will still be open for business today. Clearly, for many people, the dream of owning your own business will sour. A primary reason is poor cash flow. It’s true that more business go broke from poor cash flow than from poor profits. Cash flow New business owners, in particular, underestimate the funds needed to sustain their operations so they poorly prepare for the requirements imposed by lenders. Rejected No surprise then that Lenders reject 37 per cent of new applications for business loans from rural Australia. Nearly as bad, if you live in a city you are not much better off. Lenders reject 25% of loan applications from urban based firms. Of those SME’s lucky enough to get a loan, one-third told the Australian Bureau of Statistics that they needed the money to survive. To ensure your company enjoys easy access to business loans and doesn’t become another unhappy statistic it is vital you understand how to present a powerful and persuasive argument to the lender of your choice. We’ll start with what not to do first. 2. Six Mistakes To Avoid Sketchy credit One of the first things a credit analyst will do when you ask for money is obtain a credit report on your company and each of its directors. You’ll probably get away with a few minor blemishes here and there – perhaps a phone or power bill you forgot to pay. Most lenders will ignore these as long as the debts have been remedied. More significant blemishes are not so easy to sweep under the carpet. If you have too many, your loan application will be dead before it lands in the credit analyst’s inbox. Statistics At the back of every lender’s mind are the following statistics from the credit agency, Creditor Watch. If you fall into any of these categories, you must provide convincing reasons a lender should ignore your credit history. There are lenders who will deal with “credit impaired” borrowers but you can expect to pay more for your loan and provide the lender some kind of tangible security – usually residential or commercial real estate. Late creditor payments Lenders like to see their business loans repaid promptly. Any hint that you may not is going to endanger your application. The credit analyst will examine the repayment history of all your credit accounts. You are on a slippery slide to nowhere if the documents show payments to suppliers are always late. It’s a sign of a struggling business. Unless you love rejection, don’t submit documents showing consistently late payments to your creditors. Postpone your application to bring them up to date if you can. Dishonoured payments Someone will scour your business and personal bank accounts before an application for a business loan is approved. Among other things they are looking for dishonoured payments. You might get away with one or two, but a bank statement littered with them is a convincing sign that business isn’t going well. It’s not going to be good for your loan application either. In some instances, lenders want to see 12 months’ worth of business bank statements and, yes, someone will go through them line by line. To get that application approved make sure you keep dishonoured payments to a minimum and have a good reason to explain the ones that are there. It’s surprising what an analyst can learn from your bank account. It’s not a good look when the account shows daily visits to the bottle shop, the TAB or the pokies. These alone might not endanger your application, but they raise red flags. Tax Many business owners use the tax office as a substitute bank. It’s understandable. You need cash to run your business, so instead of making a tax payment you spend the money on stock or to pay staff hoping things will turn around. Lenders understand this can happen, but if you have a significant tax debt and have not entered an arrangement with the Australian Tax Office to pay this money back you can forget about a loan. Lenders don’t want an ugly fight with the ATO over your who gets first dibs on your assets in a forced wind up. In short, make sure your tax affairs are in order before applying for finance. Last minute According to a report by the Australian Bureau of Statistics, too many business owners leave their applications for business loans until the last minute. It shows a lack of planning and a poor understanding of what your business needs.  You’re inviting rejection. No one wants to risk money on a business owner who waits until the last minute to solve a problem. Your business can tell you when you are running short of funds long before you do. Listen to what it’s saying (or your accountant) and do the spade work for the day you will knock on a lender’s door. 3. What Lenders Want Every lender wants to see a capable and experienced management team running a company. In other words, you need to inspire confidence. This first step is straightforward. Switched on Get clear in your head how you are going to use the money you want to borrow. Is it for new equipment or a

      March 4, 2024
    • The Complete Guide To Invoice Finance

      In this complete guide to invoice finance, we’ll show you the way to business success by explaining how invoice finance can help you to stabilise your cash flow and unlock working capital to support growth. We will explain the different types of invoice finance; how to choose what best suits your business; how to qualify for funding and some of the tips and tricks you’ll need to successfully navigate your path. Introduction If you sell goods or services to other businesses there is a strong chance that you give your customers payment terms and wait 30, 60 or even 90 days for payment. In this competitive world, long payment terms are more than just an expectation they are a necessity, but, they can devastate your cash flow particularly when you need a steady supply of funds to support your company’s growth. We’ve been helping SME’s meet this challenge for over a decade by showing them how to unlock the cash hidden in their receivable’s ledgers. The key is invoice finance. It is a very effective strategy for improving a company’s cash flow, but it comes in many guises. Choosing the wrong option can be expensive. What’s in a name? Sometimes, companies advertise invoice finance as invoice factoring, debtor finance, invoice discounting, and receivables finance At the end of the day, they are all basically the same: a business uses all or a portion of its receivable’s ledger as security for short-term loans. Any differences lie in the nuts and bolts of each facility and what each lender requires to set one up How does invoice finance work? Businesses can only use invoice finance for transactions with other businesses. In its simplest terms, it works like this example: Jerry’s company makes bicycle chains. Linda is his best customer. She installs the chains on her bicycles which she sells to the public. The pair agree that Linda does not have to pay for the chains for 30 days. It is a great deal. Linda benefits because she has a month to sell her bicycles, take a profit and pay Jerry ‘s invoice. Jerry benefits because a good customer remains loyal. However, every now and again, Jerry’s cash flow becomes tight, so he asks an invoice finance company to buy the invoice he has issued to Linda . The finance company will ask Jerry for a small discount on the face value of the invoice. For example, if the invoice is worth $100.00, and the discount is 3%, Jerry receives $97.00 to help his cash flow. When Linda pays the $100 she owes, the finance company recovers the $97 it advanced and earns a $3 profit. Check out this video: How invoice finance works for more info. Why do businesses use invoice finance? Invoice finance provides a way for a business to manage cash flow when its clients take a long time to pay their invoices. It ensures the business always has money in its account to pay its bills in a timely manner. Failure to pay important suppliers, rent, utilities, staff and tax on time can cause serious reputational damage to a business and can invite creditors to take legal action which means the company’s credit rating suffers a severe hit or worse. Why doesn’t Jerry ask Linda to pay sooner? Jerry has offered Linda 30-day terms to keep her away from his competitors. He worries that if he insists on earlier payment, she will start shopping around, and he could lose a good customer. Why not offer Linda a discount if she pays sooner? Jerry knows that offering discounts to clients can backfire because they come to expect them with every transaction. He doesn’t want to give discounts to customers unless he has a good reason. By using a finance company he can pick and choose when he wants to discount. What type of invoice finance facility should I choose? There are two broad types of invoice finance products and the one you choose will depend on your cash flow requirements. One is single invoice finance, the other whole-of-book invoice financing. What is single invoice finance? Single invoice finance, also called selective invoice finance, is very flexible. It allows you to pick and choose which of your sales invoices you want to sell to the finance company. You can raise funds using a single invoice or multiple invoices. You can come and go as you please. In most instances, there is no lock in contract requiring you to continue selling sales invoices for a certain period. Many clients will set up an account and use it only when the need arises with weeks and even months between transactions. Finance companies primarily rely on the quality of the financed invoice and the strength of the customer’s business to approve funds. What is whole-of-book financing? This traditional form of invoice finance, commonly called factoring in the past, involves a lender advancing funds against a company’s entire debtor’s ledger (receivables ledger) as security for funds for an agreed period, of at least 12 months with an automatic renewal. Companies that consistently require access to significant amounts of cash to keep their operations running smoothly use whole-of-book facilities. The financier will lend a percentage of the debtor’s ledger at any given time and keep track of all customers, payments and bad debts to ensure you always have enough money coming in to repay the funds and keep the client afloat. Because monitoring creates costs, the finance company will often require its customers to sign a long-term agreement. How much does invoice finance cost? Let’s deal with the big picture first. Single invoice finance and whole-of-book finance operate quite differently and pricing comparisons between the two are pointless. The thing to remember is that there are no standard fees.  Pricing between companies varies widely depending on the services provided. For example, some lenders offer a total credit control function, others do not. The former will attract higher fees. When determining your fees, a lender will

      February 22, 2024
    • Googled Invoice Finance Westpac? Why not give non-bank lenders a look?

      So, you’ve typed the words “invoice finance Westpac” into Google’s search box. No surprise. It’s a popular search term undoubtedly used by many Australian business owners needing cash flow support. Westpac, like the other big banks, offers invoice financing and we are not criticizing any of them. However, it’s worth pointing out that the Big Four aren’t the only companies in Australia providing this service. Below are 10 good reasons why you should, instead, consider using an independent non-bank lender to obtain invoice finance. Flexibility: Independent lenders are often more flexible with the terms they offer. That means they can tailor a solution specifically to your business needs, which big banks may not.Personalized service: Unlike larger institutions, small non-bank lenders can provide a more personalized and attentive service. They take the time to understand your business and its specific requirements. Speedy processing: If time is of the essence, non-bank lenders tend to offer faster approval and processing times, providing quicker access to much-needed funds, which could be crucial for your business. Competitive rates: Often, independent lenders can provide more competitive rates compared to what big banks typically offer, saving you money in the long run. Agility and innovation: Non-bank lenders are often more agile and open to innovative financing solutions compared to traditional banking institutions. This could mean more creative ways to support your business. Less red tape and bureaucracy: Smaller lenders often involve less bureaucracy and red tape, streamlining the invoice financing process and making it easier for you to access the funds you need. Effective communication: Non-bank lenders usually have clearer communication channels, leading to faster responses and better decision-making, which means less hassle for you. Specialized expertise: Small lenders often have specialized expertise in invoice financing, offering a depth of knowledge that larger banks may not possess. Tailored solutions: Independent lenders can tailor their offerings to meet specific industry needs, providing more targeted solutions compared to the one-size-fits-all approach of large banks. Supporting small businesses: Independent lenders are often more supportive of small and medium-sized enterprises, offering a more personalized approach to lending and working with you to help your business grow. So, if you’re looking for a more personalized, flexible, and supportive solution that meets your business’s unique needs, instead of typing “invoice finance Westpac” into the search box try this alternative “invoice finance my working capital”. That’s us and we’d love to show you what we can do for you.

      February 16, 2024
    • Boosting Cash Flow: Invoice Finance For Transport Firms

      The heartbeat of all transport companies relies heavily on the smooth flow of operations and, of course, the timely payment by customers. Sadly, payment delays will often severely impact a company’s ability to meet its deadlines with damaging consequences for the business. In this case study, we will explain how single invoice finance for transport firms helped one company to overcome a cash flow speed bump and enabled it to efficiently optimise working capital to create growth. Payment Slow Lane Like many in the industry, the company’s operations and growth were hampered by the challenge of clients demanding extended payment terms.  While its trucks were always on the road ensuring that goods were delivered without fuss and on time, the invoices sent to clients were lingering in a slow lane. With fuel costs fluctuating and maintenance demands on the rise, the delayed payments took a toll on the company’s ability to meet its immediate financial obligations. The need for a solution was as urgent as a delivery deadline. Single Invoice Finance The solution it chose was single invoice finance which enabled the company’s managers to handpick specific invoices for immediate funding. In other words, instead of waiting weeks or months to receive payment from a client the company received funds from us pretty much straight away.   Follow this link for a detailed explanation of how invoice finance works Because the managers handpicked which invoices to be financed, the company retained control over its financial operations while addressing the pressing issue of delayed payments. By using invoice finance for transport firms, the company unlocked the liquidity needed to cover operational expenses, from fuel and maintenance to driver salaries and other overhead costs. Accelerating Success The impact of invoice financing was huge. The company experienced a newfound financial flexibility. The ability to choose which invoices to finance enabled the owners to optimise their cash flow strategically, ensuring that critical expenses were met promptly. Moreover, the improved cash flow allowed the firm to capitalize on new business opportunities. It could take on more shipments, invest in technology to streamline operations, and even negotiate better terms with its own suppliers. As the company grew and the amount in its receivables ledger increased, so did lts access to funds. To labour a pun, the company shifted from the slow lane of financial constraints to the fast track of growth and resilience. Key To Success The case study highlights how invoice finance for transport firms can serve as a lifeline for companies facing cash flow challenges. In the dynamic world of logistics, where timing is everything, having the ability to accelerate cash flow through selective invoice financing can be the key to success.

      February 14, 2024
    • Understanding Cash Flow in Business in 2024

      More businesses collapse due to poor cash flow than poor profits. creating solid, stable cash flow in business is vital to success.

      February 5, 2024

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