While you can request to exclude specific customers, you should provide all of your invoices for factoring.
How long do I need to sign up for?
There is no minimum sign-up period unless specified in the agreement.
How and when can I exit the arrangement?
You can exit at any time just by allowing the facility to repay.
What happens if my customer does not pay me?
Invoices are funded up to 90 days from the invoice due date. After this point the funding is removed from that invoice and a new invoice or cash is required to cover the shortfall.
Do I need to let my customers know I am factoring?
Factoring facilities are disclosed so customers must be notified of the relationship. We help with this process. In some cases we can offer undisclosed invoice finance to qualifying customers.
How much does it cost?
We charge on administration fee based on the level of turnover provided. This may range from 1-5%
We charge an interest rate similar to that of a bank overdraft, this is charged on what you borrow only.
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.
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.
We provide Invoice Discounting services.
We provide Invoice Factoring services.
We provide Invoice Finance services.
We provide Invoice Funding services.
We provide Accounts Receivable Factoring services.
We provide Accounts Receivable Financing services.
We provide Debt Factoring services.
We provide Debtor Finance services.