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.

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