Business Daily Media

Men's Weekly

.

Invoice Financing Increases

  • Written by Business Daily Media

Access to Traditional Bank Funds Dries Up

Rising interest rates, the cost of living and a growing number of businesses finding themselves in default of their bank loans is leading to a spike in alternative lending options.

Leading Australian financing company OptiPay has issued over $25M in new facilities since the start of this year - a near ten fold increase in new client take ons.

“We’ve had a huge spike in broker-driven enquiries as access to capital becomes more difficult for many businesses,” says OptiPay CEO Angus Sedgwick.

“Banks are becoming more risk-averse in the current climate and it’s forcing many businesses to look at alternatives to maintaining their cash flow,” he says.

OptiPay specialises in invoice financing - a revolving line of credit against unpaid invoices - to improve business cash flow.

“The majority of new enquiries have come from the agriculture, transport & logistics, mining services and manufacturing,” says Mr Sedgwick.

“Many SME’s are increasingly turning to brokers to facilitate their lending as they juggle unpaid tax debts, supply chain issues and rising inflation.”

“Our main aim is to help businesses that are going through a period of growth and we understand that there are challenges that come with that. As long as they have a good model and they have orders coming in, we can work with them,” he says.

“Any business that invoices another business for goods or services on credit terms is a good candidate for an invoice financing facility,” says Mr Sedgwick.

“Businesses can typically access up to 90% of their sales revenue within 24 hours of issuing the invoice. Unlike more traditional business loans there are no ongoing repayments back to the financier as they are repaid when the debtor makes payment of the invoice/s. The fee paid to the financier usually ranges from <1% up to 3% of the invoice value.”

OptiPay, formerly TIM Finance, provides Australian SMB businesses needing cashflow to grow, with innovative funding solutions such as invoice finance, trade finance, inventory finance and lines of credit. Their range of fast, flexible and affordable financing solutions help businesses solve their cash flow challenges, without the need for property security. Find out more at https://optipay.com.au

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy