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BUSINESS FINANCE / INVOICE DISCOUNTING

Invoice Discounting with ScotPac

Flexible funding for your business.

FAMILY HOMES ARE NOT REQUIRED AS SECURITY

FLEXIBLE FACILITY TO GROW WITH YOUR BUSINESS

CONFIDENTIAL FUNDING ARRANGEMENTS
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What is Invoice Discounting?

As a type of Invoice Financing, Invoice Discounting allows businesses to secure a line of credit by using unpaid or outstanding invoices as collateral rather than property or other assets. 

Instead of waiting for slow or late paying customers to settle outstanding invoices, you’ll receive a cash advancement to ensure no delays or disruptions to cash flow. 

The key difference with this type of facility, compared to invoice factoring, is that collections are all handled by you and thus the funding arrangement with ScotPac as a third party remains 100% confidential.If you don’t want your customers to know you’re seeking financing on their unpaid invoices, invoice discounting is the way to go.

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No property required

This financial facility is completely secured against outstanding invoices. So your family home is safely out of the picture.

Grows with your business

As your business revenue grows and with it the value of outstanding invoices, your line of credit limit will grow accordingly. There’s no need for exhausting re-negotiation.

Confidential working capital facility

By keeping accounts receivable in-house and under your control, your customers won’t be aware of any funding arrangements.

Who does Invoice Discounting suit?

Business Sizes

Our business funding experts usually recommend invoice discounting to small-to-medium sized enterprises with an in-house accounts receivable team. 

By having an internal accounts department able to perform the full spectrum of collections duties (such as calls, reminder letters and issuing monthly statements), you’ll be better qualified for an invoice discounting facility. 

Industries

Invoice discounting is particularly suited to industries where businesses tend to offer extended credit terms to customers and face delays in receiving payment. Discounting allows them to fill in the gap in cash flow between invoicing and receipt of outstanding funds.

Some of the key industries we support and have worked with include:

  • Recruitment & staffing
  • Wholesale trade
  • Manufacturing
  • Transport & storage
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HOW DOES IT WORK?

1. Direct Invoicing

You have the freedom to invoice your client directly. Once you've generated the invoice, simply upload your whole sales ledger to us.

2. Advanced Payment

Upon approval, we provide an advance payment of up to 85% of the total value of the approved invoices. Less our fees.

3. Remaining Funds

The remaining 15% of the invoices’ value becomes accessible to you once your client settles the invoice in full. This ensures that you receive the full amount owed to you.

Why ScotPac?

Real Relationships Unlike many other financial institutions, our offices throughout Australia and New Zealand mean that we’re able to offer local support to clients. We view our clients as partners for the long term and develop genuine relationships of trust and understanding to enable the best financial arrangements possible.
Unlocking Growth Thanks to the breadth and depth of our team’s capability, we’ve proved time and time again that we have what it takes to be the fuel for businesses’ growth. Our customers grow at more than 3 times the rate and speed of average businesses thanks to the potential we manage to unlock.
Flexible Finance Whether you’re going through good times or bad times in your business, we’ll work to find a way to say “yes” to your needs. Our flexible finance arrangements work with you and for your business.

Frequently Asked Questions

WILL MY CUSTOMERS BE NOTIFIED?

In most cases, no. Your customers will not be aware of your cash flow funding arrangements. Invoice discounting can be completely confidential for businesses able to manage accounts receivable and collections internally.

WHAT DO I NEED TO APPLY?

Our local and friendly Invoice Finance specialists are available to help you find the best cash flow solution for your business. We’ve made the application process as simple and easy as possible to ensure you can access capital as soon as possible.

WHEN WILL I RECEIVE MY FUNDS?

Unlike the traditional lenders and legacy banks, ScotPac has made the process of applying and accessing capital easier, less stressful and quicker.

With approval and access to working capital in as little as 24 hours, we’re here to help businesses in need of cash fast.

What are our customers saying about us?

I found my experience with Business Fuel was helpful, business like yet friendly and fast. I would be happy to use again and I’ll recommend Business Fuel to others.

Les Paul

We think of ScotPac more than just a Financial Services provider, they care enough to know our business and as such we are more like partners

Cheryl Armour

Transport

It’s growth funding that gets us the best from our working capital, which covers materials, wages and other costs while we wait to be paid for our goods.

Miles Jackson

Manufacturing