Debt Factoring with ScotPac.

Turn unpaid invoices into opportunities

YOUR FAMILY HOME ISN’T REQUIRED AS SECURITY

FACILITY GROWS IN LINE WITH YOUR BUSINESS

We handle your accounts receivable & collections

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What is Debt Factoring?

A type of Invoice Finance providing a line of credit secured against your outstanding accounts receivable. You can receive up to 95% of your invoice value as an advance payment. When your customer pays the invoice, the remaining balance less fees is released to your bank account.

This facility type is known as ‘full service’, meaning we handle your accounts receivable and collections, leaving you free to focus on getting new clients, processing orders, and growing your business.

No property security

Your facility is secured against
your invoices, so you can leave your home out of the picture.

Grows with your business

Facility limits grow in line with your
business revenue, so there is no need for
regular re-negotiation.

Giving you more time

Let us manage your businesses collections & accounts receivable, so you can focus on core operations
The experience with ScotPac has been light years ahead of anything else. And every person we talk to at ScotPac has a happy face.
Hamish MacLachlan - General Manager, Bramble & Hedge
The experience with ScotPac has been light years ahead of anything else. And every person we talk to at ScotPac has a happy face.
Hamish MacLachlan - General Manager, Bramble & Hedge

Why ScotPac?

We believe in relationships, not transactions, and make it our business to know yours. With over 30 years' experience, you can count on us to see the true value of your business.
Trusted Lending more than $1b to SMEs, we’re Australia and New Zealand’s largest non-bank lender, with the awards to match.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Trusted Lending more than $1b to SMEs, we’re Australia and New Zealand’s largest non-bank lender, with the awards to match.

Who does
it suit?

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Small to medium-sized businesses experiencing rapid growth, or even those navigating their way through a turnaround situation can benefit from debt factoring. Limited companies, sole traders, partnerships, and startups are all eligible for this type of facility.

Many businesses don’t have a dedicated collections department to chase outstanding invoices. Debt factoring enables you to focus on the dollar productive tasks of your business with a large percentage of your sales value available immediately after raising an invoice.

Full-Service facilities are ideal for business owners who would love more time to focus on growing their business. Let our experienced and friendly team take care of your accounts receivable and collections, while you focus on core operations.

Your customers will be aware of your partnership with ScotPac with a debt factoring facility. If you would like to explore other options, talk to us today about confidential alternatives.

Some key industries we support:

Recruitment & Staffing
Wholesale Trade
Manufacturing
Transport & Storage

For more information about how we can help your business, fill out an enquiry form or call us today.


HOW DOES IT WORK?

Debt factoring is a flexible and fast way to raise working capital.

You invoice your customer directly, and upload the invoice to us at the same time.

Within 24 hours, we will pay 95% of the approved invoice value, less our fees.

The remaining balance becomes available to you when the invoice payment is received in full.

HOW IS DEBT FACTORING DIFFERENT FROM A BANK LOAN?

While traditional business loan and overdraft providers require real estate or a high-value asset as collateral to borrow money, debt factoring allows you to get paid faster for the goods and services you have already sold.

You can get an immediate cash advance on your unpaid invoices, with the debt factoring company charging a small percentage as a fee for the facility.

Unlike a traditional business loan, you can be approved for a debt factoring facility and access a cash advance in as little as 24 hours. There are no fixed monthly repayment terms, and you can choose how many invoices you want to submit for financing. Many clients use debt factoring as a quick way to improve cash flow, and some companies prefer a more long-term arrangement

CAN I CHOOSE WHICH INVOICES ARE SUBMITTED FOR FINANCING?

Yes. We offer a range of debt factoring solutions to help ease cash flow pressures. This type of facility is called selective invoice finance. It gives you the flexibility to choose which invoices you want to submit for financing and the length of the facility. You have the option of submitting more invoices to boost working capital when you are experiencing a cash flow shortage.

WHEN WILL I RECEIVE FUNDING?

Once the finance facility is in place, you will receive access to cash advances for your invoices in as little as 24 hours.

HOW MUCH DOES DEBT FACTORING COST?

The exact costs for a debt factoring facility depends on your business, your customers, and the services you require. We’ve helped Australian SMEs access the funding they need for over 30 years, and our rates are among the most affordable around. Give us a call to receive a personalised quote for your business.

WILL MY CUSTOMERS BE NOTIFIED?

Yes, your customers will be aware of your partnership with ScotPac. We’ll handle your accounts receivable and collections administration as a third party, so you can focus on core operations and growing your business with sufficient cash flow to support long-term profitability.

If you would like a confidential arrangement, call the number below and ask one of our friendly financial advisors about invoice discounting.

WHAT HAPPENS IF MY CUSTOMER DOESN’T PAY AN INVOICE?

We work hard to ensure that doesn’t happen and conduct credit checks to help you avoid overextending with a customer that may struggle to pay. If you are worried about how an invoice non-payment could impact your cash flow, you can include Bad Debt Protection as part of your credit facility to protect your working capital.

WHAT DO I NEED TO APPLY FOR DEBT FACTORING?

Talk to one of our friendly Invoice Finance specialists the best solution for your business and what you need to apply.

Not sure if Debt Factoring is right
for you? We offer other finance solutions

Learn more

Easy to apply

Call us today to discuss how Debt Factoring can help.

1

Give us a call

Talk to one of our friendly
Debt Factoring specialists
about tailoring a solution for
your business

2

Proposal

We’ll present you with the
solutions to choose from,
based on what you’ve told
us you need

3

Documentation & Settlement

We’ll work with you to
dot all the i’s and
cross the t’s to finalise
your solution

Get approval within 24 hours

Get started today

Call us to discuss how we can
finance your business 1300 332 867