| IF YOU HAVE PRESSING CREDITORS TO PAY AND YOUR CONVENTIONAL BANK LINES OF CREDIT ARE AT THE LIMIT, WHERE DO YOU TURN? |
First Rate Mortgages Ltd has the solution, debtor / invoice factoring. This service allows you to convert some of your unpaid invoices into immediate cash. By selling some of your invoices, at a small discount, you will have the working capital necessary to make payments to your important creditors. You don’t have to wait for your customers to pay prior to paying your bills or wages to staff.
Then the invoice due date arrives your customer makes payment in full to the purchaser of the invoice. They then deduct their fee and pay any balance to you. The good news, the quicker the invoice is paid, the lower their fee.
Just imagine, within days of issuing the invoice, you have cash available to buy more materials, acquire additional stock, take on more staff or simply just to pay those important creditors.
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USE DEBTOR FACTORING JUST WHEN YOU NEED IT. |
This established system is built on the concept of “use it when you need it” thus enabling you to choose when to sell invoices as your cash flow dictates. This makes the service very cost effective, with no ongoing commitment to sell all your invoices and incur unnecessary costs.
Contact us for more information
factoring@firstratemortgages.co.nz
or Freephone 0800 178 7283 (0800 1ST RATE)
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