Debtor Finance and Factoring
MortgageCorp is a broker for the major Debtor Finance Companies and can advise you of the best company for your particular situations. Many of the big banks have reduced lending or tightened criteria for Debtor Finance. Our companies are still lending.
Main criteria for most of these products is
- Turnover >$400,000 pa
- Debtors that are tying up valuable working capital
- Proper accounting systems
These arrangements can be as simple as the financier opening a new bank account for you and advancing 70-80% of the debtors value and your customers paying into this account or can be as full service as complete outsourcing of your credit and debtors management.
