Better business,
on your terms.
"Invoice finance allowed us to grow a lot faster. Without it, we may not even be here."
Paul Buccini, Director, Buccini Transport
Choose the financing that’s right for your business.
Clients we've recently helped.
Industry: Transport
Trading since: 2000
Solution: Invoice Finance
Facility limit: $1,000,000
Purpose: Sought finance to overcome cash flow issues due to late payments from clients and dishonours from creditors
Industry: Labour Hire
Trading since: 2009
Solution: Invoice Finance
Facility limit: $5,600,000
Purpose: Sought finance to leverage invoice finance and to ensure on-time payment of wages to their workforce
Industry: Construction
Trading since: 2018
Solution: Invoice Finance
Facility limit: $1,700,000
Purpose: Sought to refinance and provide working capital to assist with business growth
Industry: Wholesale Trade
Trading since: 2018
Solution: Asset & Equipment Finance
Loan amount: $350,000
Purpose: Sought to consolidate loans with other financiers and be reimbursed for overseas asset purchases
Industry: Mining
Trading since: 2021
Solution: Asset & Equipment Finance
Loan amount: $225,000
Purpose: Sought finance to purchase an additional truck to help support future business growth
Industry: Manufacturing
Trading since: 1896
Solution: Invoice Finance
Facility limit: $248,000
Purpose: Sought finance to support daily operations and provide working capital to assist with business growth
Starting, maintaining or growing a business.You need payments and people you can rely on.
Frequently asked questions
Is invoice finance a business loan?
Invoice finance is a type of business finance that allows businesses access to funds from the invoices they've issued to their clients. Instead of waiting for their customers to pay, they can access the funds upfront. Invoice finance is different to term business loans as there are no regular loan repayments for the borrower to keep on top of; the finance is paid back when the borrower's customer pays their invoice.
What is the best type of finance for small businesses?
There are many different loan options for a small business (and even medium and large businesses), and the best type will depend entirely on the business's financial situation and needs. The first decision is generally whether you'd like to utilise equity finance or debt finance (learn more about equity vs debt financing. At Earlypay, we specialise in equipment finance (finance options for businesses to purchase assets and equipment), and invoice finance (a business line of credit extended based on the value of the accounts receivable ledger). If you're unsure of which finance option is right for your business, please seek professional advice. Feel free to give us a call to discuss.
Is property security required?
With invoice finance, the invoices you've issued to your customers form the basis of the security asset for the finance. Generally speaking, this means property security is not required. This may come as a relief to property owners who do not wish to put their family home on the line.
Is business finance tax deductible?
For personal advice relating to your business circumstances, you'll need to speak to your accountant or financial adviser, but generally, interest, upfront and ongoing fees paid on borrowed money (for business purposes) will be tax deductible.
Can start-up businesses get invoice finance?
Just like an existing business, if a start-up business satisfies our lending criteria, then yes, they may be eligible for invoice finance!
How do I submit a loan application?
If you'd like to get started with equipment finance or invoice finance, simply apply online by hitting the "sign up" button.
How long does it take to access funds?
We provide fast access to funds, so you could have the cash your business needs in as little as one business day.
How do I repay invoice finance?
Invoice finance works differently from other types of business financing. Funds are drawn down based on the value of the accounts receivable ledger. For example, if a business has $100,000 of invoices outstanding, let's say they've chosen to draw down $50,000 for extra cash to invest in stock. When their customers pay the money owing on their invoices ($100,000), the cash goes to Earlypay to repay the finance, and the remaining funds are released to the business owner.