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Invoice Financing

Boost cash flow and enhance business growth with invoice financing through Savvy.

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Invoice Financing
Savvy Editorial Team Written By: Savvy Editorial Team
Last Updated: 16/03/2025
Fact Checked

Invoice financing helps businesses make predictable moves and better decisions. You 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.

Why apply for a business loan with Savvy?

Expert brokers

You can speak with one of our specialist commercial brokers who can walk you through a range of loans to best suit your company's needs.

Over 40 lending partners

You can compare business loan offers, through a range of trusted lenders, maximising your chances of a great rate.

Fast online process

You can fill out our simple online form to generate a free business finance quote within minutes. You can also come back to it at any time.

WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE

5/5
Absolutely outstanding service
I filled out an enquiry form online and within minutes I had a lovely gentleman called Antoni ring me. Antoni was great in explaining everything to me about the finance I was applying for. The next day I was approved the funds so started the process of acquiring the used car I had already chosen but due to being messed around with the car yard, I explained that to Antoni and he suggested that he knew of a guy that could look for a car similar to the one I wanted and would I like him to give me a call. By the end of the next day I was now going to be driving a brand new car. Even though I have to wait for it to be ordered and delivered the wait will be definitely worth it. I cannot thank Antoni & Neil enough for making my dreams come true of owning a brand new car. They are brilliant at doing everything they can for the customer.
 
Helen Adams
5/5
Customer Feedback
Juanita was amazing she was so helpful with everything right up to the end. Juanita was caring kind in every way possible. I will go though savvy every time I need a loan done.
 
Nathan Quinlan
5/5
Best service 10/10
Calyn was fantastic. I received a great interest rate and fast approval. Will definitely recommend to family and friends Thank you for helping me buy my dream car!
 
Anonymous
5/5
Customer Feedback
Fast easy approval
 
Kellie Shepherd
5/5
Customer Feedback
It was absolutely amazing to be part of it and claire was great to deal with all the paper work. I would highly recommend her to anyone doing all the finance related work.
 
Anonymous
5/5
Awesome experience
Harrison was very professional understanding patient took the time to explain and care about my matters.
 
Anonymous
5/5
Get your loan with Savvy! Best experience with my loan application
The process to get a loan was very smooth and non stressful. It was very organised and straightforward. Jim is the best financial consultant. He was accommodating, as Im unavailable during business hours he made sure to make time for my application. If you want an easy breezy process for your loan application, get it from Savvy! Highly recommend
 
Anonymous
5/5
Customer Feedback
Service from Caleb was great. Kept me in the loop every step of the way.
 
Anonymous
5/5
Customer Feedback
Excellent service and communication via ben
 
Amit chatta
5/5
Best Broker I Have Had!
Best service I have received in a very long time! Ben was fantastic and simplified the whole process from start to end!. Highly recommend!
 
Steven Cochrane
5/5
Above and beyond
Seif went above and beyond to help get a loan to suits my situation. He responded to emails and calls at a reasonable time and was very empathetic.
 
Anonymous
5/5
Easy and very Professional
Peter was professional and easy to deal with. He made the entire process quick and he knew exactly what he was doing and made me feel confident in the outcome.
 
Tim Hollingsworth

Savvy is rated 4.9 for customer satisfaction by 6338 customers.
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Types of business finance

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Unsecured business loans

The most common type of business finance, unsecured loans enable businesses to access the funds they need without using an asset as security.

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Small business loans

If you're operating a small business and need a boost, you may be able to take out a loan starting from as little as $5,000 and unlock further capital.

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Business lines of credit

A commercial line of credit allows you to draw from your loan account whenever your business needs access to their funds, instead of managing a lump sum and repaying it like a regular loan.

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Business overdrafts

An overdraft facility is attached to an existing business bank account, enabling you to borrow up to a set limit after the account’s balance reaches zero.

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Invoice finance

Invoice finance can either be invoice discounting or factoring, which are two different options allowing you to borrow against the value of outstanding invoices.

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Chattel mortgages

If you want to buy a business vehicle or equipment, a chattel mortgage allows you to do this in much the same way as a standard car loan. Borrow up to 100% of its value and repay over one to seven years.

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Finance leases

Alternatively, you might want to lease your commercial asset instead. Finance leases allow you to do so, with a residual payment at the end that allows you to buy or sell it or extend your term.

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Operating leases

Operating leases are available for commercial-use road vehicles. These come without a residual, allowing you to simply hand them back to your lessor at the end of the term.

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Low doc business loans

Low doc finance enables you to use alternative documentation, such as other business financials, in the application process to access the funds you need.

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. They can vary from 1.00% to 4.00% or 5.00% per week during the non-payment period.

Will my customers know I’m using invoice financing?

Yes. They will be paying the invoice back 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?

Your invoice finance provider reserves the right to enter into debt collection arrangements if your customer fails to pay the amount outstanding.

How long does it take to get approved?

Typically, invoice factoring applications take about 3 to 5 days for assessment.

What are the benefits of invoice financing?

The number one businesses enter into invoice financing is smoothing out bumps in cash flow. Waiting for cash flow can cripple a business. They may not be able to pay their employees or order more inventory. Short cash flow can also restrict a business in how they can grow or take advantage of opportunities. It also frees up resources on staff, who may need to chase up invoices and other financial services.

How do I approach clients who refuse to pay their invoices?

If you run a business, you have had to deal with clients who are late on paying invoices. One step is to address the elephant in the room and prepare for implementing payment plans if necessary. Sometimes letters of demand and legal action are required. A second plan is to use invoice financing so the debtor arrangements are handled by a third party, which can ease strain on business relationships.

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Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.

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