Why Choose Greenline Home Loans for Your Invoice Financing?
Businesses of all sizes tend to struggle when customers are late on payments. In fact, it is one of the biggest causes of cash flow problems. Greenline Home Loans can assist your business with its invoice financing needs, finding a suitable product from our panel of 50+ lenders. Invoice financing is a great way to alleviate some of the stress by allowing businesses to borrow money from a lender based on the amount of money that is due from customers. Here at Greenline Home Loans, our finance experts are ready to help you improve your cash flow and guide you to take advantage of growth opportunities.
Instilling invoice financing within your business comes with many great benefits. Businesses can use money owed to them as a loan asset, enabling them to get paid for outstanding invoices right away. Discover the various features in which invoice financing can alleviate cash flow stress within your business.
Invoice financing allows businesses to provide their customers with leeway in paying their bills without your business having to go broke in the meantime.
Invoices are used as collateral, hence why invoice financing does not put your business at risk of losing valuable personal assets such as your car or your home.
Late payments can be very damaging to your cash flow as well as your future business plans. Utilising invoice financing can permit you to achieve a more predictable cash flow.
As your business loan is bounded to the value and quality of your invoices, businesses that have an imperfect credit history are more likely to be approved.
Do you need invoice financing?
Get started on your business loan and commercial loan journey with Greenline Home Loans. We’re here to help! Speak to one of our professional mortgage brokers today.
Business & Commercial Loans
Overdraft Facility Loans
An overdraft facility is effectively a line of credit provided by your banking institution, which is an extension of your daily transaction account. This facility permits you to draw further funds from your account at the point where there are no more available funds, allowing you to gain quick access if you are experiencing cash flow issues.
Business Line of Credit Loans
Business lines of credit are the type of loans designed to support short-term funding requirements for businesses. Repayment terms are usually between 6 months and 1 year, depending on your business credit score, revenue and overall financial position. Approval takes 1-2 business days, and once the loan is approved, you gain access to funds that are ready to be withdrawn.
Merchant Cash Advance Loans
A merchant cash advance is a type of business loan that provides a lump sum loan in exchange for a percentage of credit card transactions. This business loan is suitable for business owners in need of liquidity who cannot demonstrate good credit, or are simply not trading for a long period, and cannot qualify for other types of business loans.