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NZ Business Finance

Home
Products
Business Loans
Unsecured Business Loans
Secured Business Loans
Vehicle Finance
Invoice Finance
Start up loans
Second mortgages
Resources
Identity Checking
Decoding your invoice finance facility
Blog
Apply Here
021 284 9994
Edward McKee Wright
6 September 2018
Invoice Finance

What happens to the 10% to 20% not funded when an invoice is factored?

Edward McKee Wright
6 September 2018
Invoice Finance

This is paid to you when your Customer pays (less any fees or accrued interest).

Tagged: retention

Edward McKee Wright
6 September 2018
Invoice Finance

How long do I need to sign up to invoice finance for?

Edward McKee Wright
6 September 2018
Invoice Finance

Usually the minimum term is three months. For a single invoice facility, your lender may keep your facility open for up to six months from the last time you submitted an invoice for funding. This varies between lenders so check your facility agreement to check for the minimum period before signing it.

Tagged: minimum period

Edward McKee Wright
6 September 2018
Invoice Finance

What happens if a factored debtor does not pay?

Edward McKee Wright
6 September 2018
Invoice Finance

Unless otherwise agreed, your funder will most likely fund invoices for 30 days past their due date, in some cases longer.  If an invoices is not paid within this period its status changes from approved to unapproved.

If this leaves a shortfall in your available funds it will be deducted from your next payment.

Tagged: recourse factoring

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NZ Business Finance, 44A Te Arawa Street, Auckland, Auckland, 1071, New Zealand021 284 9994 office@businessfinance.co.nz
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