Fast & Flexible Factoring Business In Nelson

Factoring Business
Nelson

Your Top Nelson Factoring Business Specialist

Easy & Quick

Factoring Business Nelson

Financing your invoices with Asset Factors is a quick, simple and easy way to sort your business cashflow issues. By using your debtors for security, in many cases we can have you approved, and money in your bank account within a single business day.

✔ Quick & Simple Application Process

Simple application process that helps you get fast approval.

✔ Quick Turn Around

We can pay out up to 80% of your debtors ledger (accounts receivables) within a single day.

✔ No Assets Needed

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

✔ Growth Focused

We help provide you the cashflow needed to grow 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 Nelson Business

Factoring Business

Getting started with factoring business 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 on-going 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 value is provided to you when the customer pays.

You will no longer need to dread calling your customers for precious cash flow before being able to make the next move.

For more information feel free to check out the FAQ.

Faster Cashflow Means More Working Capital

Factoring Business Nelson

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

What to do when clients are taking way to long to pay you for work you completed ages ago? This is where invoice factoring can help a company get the fast cash advances on your outstanding invoices.

Factoring Business Can Help

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

Invoice factoring works by sending invoices to us as basically your outsourced credit department for collecting the invoice and handling the payment. You receive an payment at the start for the invoice, without having to invest in resources to chase up the debtor.

This upfront payment will represent the majority of the invoice’s value, with what’s left transferred once the matter is handled with the customer. The exact distribution will depend on a number of factors, however it is possible for companies to receive up to 80 percent of the invoice at the start.

Delivering Cash Flow Predictability With

Nelson Factoring Business

At Asset Factors, our offering enables approved firms to have the invoices to their quality B2B customers paid quicker. This reduces annoying wait time and means cashflow peace of mind.

We help small to medium companies grow by reducing their most common worry – cashflow stress. Our people understand the hassles of operating a firm and how flexible thinking can help companies not only meet their financial obligations, but plan for growth. We work closely with our clients to ensure that our services are right for their business. We love getting to know our customers and your industry and providing you with a platform from which to grow.

For our customers, factoring business and our invoice finance service in essence provides better cashflow when you want it. Our invoice finance is available to companies that provide goods or services to business clients. Once approved, you have the flexibility to choose those 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 needwant, which puts you 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 Business Nelson

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 Business

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.

Nelson Factoring Business 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.

Get Started

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