Written by Get paid instantly instead of someday
Invoice financing helps businesses make predictable moves and better decisions. We can free up access of capital by providing up to 85% of the value of unpaid invoices on the spot; instead of when terms are due. This gives small businesses the peace of mind and cash flow to help them manage their day-to-day expenses, payroll, or bankroll inventory. You can finance invoices ranging from $10,000 up to $1 million through us.
Flexibility, security, and growth-minded
According to ASIC, 46% of all company failures occurred due to inadequate cash flow in 2015-16. When small business is kept waiting for funds to come in, shortfalls can snowball and cause trouble. Invoice financing is a fast and easy utility that uses an invoice as a security to forward you cash instantly. Funds are available within 24 hours, and a dedicated consultant is on call to help you through the process.
Invoice financing the Savvy way
Cashflow funding
We work with all businesses to get invoice finance approved from $10,000 to $1 million, fast.
Invoices paid fast
Flexible facilities
High percentages
Easy applications
Dedicated consultants
WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE
WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE
Savvy is rated 4.9 for customer satisfaction by 6059 customers.
The most common invoice finance questions answered
How much of my invoice can I finance?
We can finance $10,000 to $1 million in unpaid invoices.
Why do businesses use invoice financing?
The lifeblood of business is cash flow. Businesses use invoice financing to speed up cash flow otherwise tied up in unpaid invoices. Instead of waiting 30, 60, or even 90 days for payment once services or products are rendered, your business can access 85% of the payment instantly, giving you more flexibility and peace of mind
How much does invoice financing cost?
Invoice financing costs nothing up front. However fees are taken out of the factoring fee. Usually 15% of all invoices are kept in reserve to cover this factoring fee. Factoring fees can vary between 1% per week to 4-5% per week during the non-payment period..
Will my customers know I’m using invoice financing?
Yes. They will be paying the invoice back to us in full once it is due.
Do I have to put up collateral?
No. The invoice is the security.
What if my client/debtor doesn’t pay?
We reserve the right to enter into debt collection arrangements. We offer debtor insurance on all invoices so the risk is offset.
How long does it take to get approved?
Typically, invoice factoring applications take about 3 to 5 days for assessment.
Do I have to pay fees?
Yes. A fee is charged at 3% per invoice. This may vary depending on your business credit history.
