Octet’s Debtor Finance facility suits a broad range of businesses from early-stage companies to established organisations and businesses with cash flow issues. It’s also a flexible financing option for businesses that are experiencing losses and might be in tax arrears.
To qualify, you’ll need to:
- be in an industry that provides proof of debt (unfortunately, those in the construction industry may not be able to due to progress claims)
- have more than one business-to-business client on your receivables ledger, with a total ledger value of $100,000 or more
- have an appropriate spread of customers
- have demonstrated business trading history
- have an annual turnover of at least $1 million.
We’ll then use your credit rating to determine whether confidential or disclosed debtor finance suits your business best.