Debtor Finance

Companies experiencing strong sales growth and those with seasonal sales regularly experience periods of tight liquidity. Addressing this issue can be very challenging and traditional banking facilities such as overdrafts often do not represent an appropriate solution.

At Taurus Trade Finance we look beyond the director's personal asset position in order to deliver the most appropriate working capital solution. Debtor Finance also known as Cash Flow Finance, Invoice Finance, Invoice Discounting, and Factoring uses the company's accounts receivable / debtors to deliver a more flexible source of working capital. Taurus offers both disclosed and undisclosed debtor finance facilities (Partnership Debtor Finance or Invoice Discounting).

Debtor Finance is simple and effective to operate. Taurus will normally advance up to 80% of the face value of your invoices the day you deliver the goods or services to your customer and generate your invoice. When your customer pays the invoice, the remaining 20% of the invoice less any charges, is paid to you immediately.

Taurus Trade Finance has invested in the latest technology. The Taurus operating systems eliminates many of the tedious tasks often associated with Debtor Finance. Taurus debtor finance is a completely automated web driven facility. There is no need for time consuming end of month reconciliations associated with some debtor finance facilities. Taurus clients have immediate and online access to information and funding.

Partnership Debtor Finance

Taurus understands that no one is better at collecting cash from their customers than the business itself. Therefore, Taurus has a Partnership Debtor Finance product which is different to Factoring, in that although your customer is aware of the involvement of Taurus, the client remains responsible for following up customers for payment.

Invoice Discounting

Invoice Discounting (Confidential Debtor Finance) is suitable for more established businesses with strong internal controls. The facility is confidential and the client's end customer / debtor is not aware of the arrangement with Taurus, the customer pays the business directly and the business is totally responsible for all credit control and collection processes.

Who can Use Taurus Debtor Finance?

As with trade finance, Taurus considers any good business case put forward. The following are therefore general guidelines for qualifying for the Taurus Debtor Finance product and includes;

• Businesses selling goods or services to other businesses on credit
• Established business or experienced operators
• Has good credit and operating procedures
• Can demonstrate profitability

What does Taurus Debtor Finance cost?

Taurus' ongoing charges comprise Debtor Finance management fees and interest. Interest is calculated only on funds drawn on daily balances. Taurus Debtor Finance fees are calculated broadly based on the level of turnover and are very competitive with that widely available.

Contact Taurus now: send us an email or call toll free on 1300 135 108.

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