TCC 66 - Debtors Finance & How to Reduce the Risks

Do you have a very successful business with plenty of customers and work, you complete all your jobs on time and submit the invoices for payment expecting that your credit terms will be met only to find that your customers are really using you as a bank? You may even start to experience severe cash flow issues as a consequence. Depending on the total value of your debtor's ledger, using Debtor (or Invoice) Finance could be the solution. In this episode, we will be covering the use of a lending facility called Debtors Finance which can help you unlock up to 85% of the value of your total debtors.