Flexible & Fast Factoring Accounts Receivable Financing For West Auckland

Factoring Accounts Receivable Financing
West Auckland

Your Top West Auckland Factoring Accounts Receivable Financing Specialist

Quick & Easy

Factoring Accounts Receivable Financing West Auckland

Financing your invoices with Asset Factors is a quick, flexible and easy way to sort your business cashflow problems. Using your accounts receivable for security, in many cases we can have you approved, and funds in your bank account within one business day.

✔ Fast & Simple Application Process

Simple application process that helps you get fast approval.

✔ Fast Turn Around

We can pay out up to 80% of your debtors ledger (accounts receivables) within 24 hours.

✔ No Assets Required

Instead of assets you can use your accounts receivables, your customer invoices, as collateral.

✔ Growth Focused

We help provide you the cashflow your need for gorwing your business.

To find out more and to get started, get in touch with us today.

How It Works

Apply Online

Get Started and Apply Online in Less Than 1 min.

Fast Approval

Our experieced people will let you know how we can help.

Funds Paid

We can often get funds in your bank account within a day.

Finance For Your West Auckland Business

Factoring Accounts Receivable Financing

Getting started with factoring accounts receivable financing is straightforward. An invoice factoring facility allows you to convert your debtors ledger (the businesses you’ve invoiced and are yet to pay) to cash immediately, thus increasing your working capital and enabling you to focus on growing your business.

Also known as cashflow finance, invoice factoring and invoice discounting, invoice finance provides an alternative to the traditional bank overdraft, bankl loan, or line of credit.

You will be able to borrow up to 80% of the value of your invoices on an ongoing basis, usually while retaining any existing banking facilities that you may have.

You send your invoices to us for funding then we look after the collections for you. We send out account statements and follow up overdues.

The remaining 20% of the invoice amount is made available when the debtor paysthe invoice.

You no longer need to plead your customers for precious cashflow before being able to make the next move.

For more information please visit our FAQ.

Faster Cashflow Means More Working Capital

Factoring Accounts Receivable Financing West Auckland

Slow-paying clients can halt your business operations and future plans, bills, payroll, investment in equipment and technology, or even employing additional staff to help you grow your compnay. We have the solution: invoice factoring.

What to do when clients are taking 30, 60 and even 90+ days to pay you for work you did ages ago? This is where invoice financing can help a company get the fast cash advances on your outstanding accounts receivables.

Factoring Accounts Receivable Financing Can Help

Many West Auckland SME owners will be keeping an eye on their cashflow. Thankfully for companies that are worried about their cash flow, there is a range of different business financing methods available to help them in reaching a stronger financial position. An excellent option is invoice factoring – an innovative financial product that can help firms manage their cash flow.

Invoice financing works by assigning invoices to us as basically your contracted credit department for collecting the invoice and handling the payment. You receive an upfront payment for the invoice, without having to invest resources into chasing up the client.

This up-front payment will represent the bulk of the invoice’s amount, with the remaining amount transferred once the matter is handled with the customer. The exact amount depends on a number of factors, however it is possible for companies to receive up to 80 per cent of the invoice upfront.

Delivering Cash Flow Predictability With

West Auckland Factoring Accounts Receivable Financing

At Asset Factors, our solution enables approved companies to have invoices for their quality B2B clients paid quicker. This reduces annoying waiting and means cashflow certainty.

We help small to medium firms grow by reducing their most common problem – cashflow stress. Our people understand the challenges of operating a business and how flexible thinking can help businesses not only meet their financial obligationsbut plan for growth too. We work closely with our customers to ensure that our model is right for your business. We love getting to know our clients and your industry and providing you with a platform from which to grow.

For our customers, factoring accounts receivable financing and our accounts receivable funding product provides better cashflow when they want it. Our debtor funding is available to businesses that provide goods or services to business clients. After being approved, you have the flexibility to choose which invoices you would like to be paid by us, what percentage to fund, and at what time. You can use our services as little or as much as you desire, which puts you back in control of your cashflow.

Sick of waiting until the 20th of the month or being paid 60 or 90 days from when you invoice? With Invoice Factoring now everyday can be like the 20th of the month. Get access to funds when you invoice without the huge wait for clients to pay.Factoring Accounts Receivable Financing West Auckland

Frequently Asked Questions

How does it work?

Submit copies of your invoices to your Asset Factors and receive up to 80% of the value of those invoices into your bank account. Your customers pay your us, and we then releases the remaining 20% to you. Keep submitting invoices for continuous cash flow.

What businesses are suitable for invoice factoring?

Invoice finance is for businesses that provide goods and services to other businesses on credit. If your customers are a mixture of private individuals and commercial, only invoices to your commercial customers will be funded against.

What security would I need to provide?

Most of the time you do not put up any personal property as security. Your business provides the security and there will need to be guarantees from the directors of the business.

Factoring Accounts Receivable Financing

Do I need to submit all of my invoices?

You can choose whether to get funded against the invoices for one, some, or all of your customers. For your selected customers, you do need to fund against all of their invoices so that they only have one bank account to pay into.

Do my customers need to know that I am factoring?

Most invoice finance facilities are disclosed, meaning that your customer is aware that they are paying their invoices into the bank account of a finance company. If strict criteria are met, you may qualify for an undisclosed or confidential factoring facility.

What does it cost?

The administration fee settled on will vary depending on the size of the facility, number of debtors, invoicing cycles and other characteristics of the business and the industry you are working in. Fees may range from 1% to 5% of the face value of invoices submitted for funding. Interest is charged only on the amount borrowed (not the facility limit) and is comparable to the before-fees interest rates of bank overdrafts.

Here to Help

Growth Focused

Let Your Ideas Shine

Solve Financial Problems

Trusted & Experienced

About Us &

What We Do

Asset Finance Limited has been supporting New Zealand small business for over 20 years and is a non-bank issuer governed by the Reserve Bank. Its professionalism is unquestionable and its reputation on the New Zealand business markets is impeccable. Asset Factors operates from their Auckland and Whakatane offices and has the clout of this New Zealand icon company to support its factoring operation. We are also able to provide vehicle, plant and equipment and property loans directly from Asset Finance.

We are not a bank, you are not a number

While New Zealand banks are very good they will always lend on their terms only and do not have the same flexibility that our specialist invoice finance company does. We learn our client’s idiosyncrasies and adapt our facilities to suit individual needs in the spirit of partnership.

Professional yet flexible

We have professional, international grade systems and an interactive client portal that enables us to provide headache free funding solutions. Our flexibility in no way compromises the professionalism that Asset Finance has been delivering to customers for many years.

Competitive rates

Factoring with Asset Factors does not need to be expensive as our tried and proven systems serviced hundreds of New Zealand clients in the past. We charge a simple interest rate and a single admin fee based on invoice value. If your invoices are paid within 90 days this is it, we do not charge additional fees when an invoice goes to 30 or 60 days as many other New Zealand factoring companies do.

Your West Auckland Factoring Accounts Receivable Financing Specialists

Invoice Discounting

We provide Invoice Discounting services.

Invoice Factoring

We provide Invoice Factoring services.

Faster Cashflow Means More Working Capital

Invoice Finance

We provide Invoice Finance services.

Invoice Funding

We provide Invoice Funding services.

Accounts Receivable Factoring

We provide Accounts Receivable Factoring services.

Accounts Receivable Financing

We provide Accounts Receivable Financing services.

Debt Factoring

We provide Debt Factoring services.

Debtor Finance

We provide Debtor Finance services.

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