WHO SETS CREDIT LIMITS?
The setting of customers credit limits is left entirely to you. We will advise you when we believe you are over extending credit to a specific customer – simply to help you avoid unnecessary bad debts.
Your debtors continue to deal with you directly – the arrangements between CRA and your company remain confidential. As you receive payment you deposit cheques directly into CRA’s bank account.
WHAT TYPES OF INVOICES ARE ACCEPTABLE?
Just about any valid invoice for services performed or products delivered.
WHAT IS REQUIRED BEFORE AN INVOICE MAY BE FUNDED?
Your customer must be creditworthy and your product or service must be completed, delivered and accepted by that customer.
DO WE BILL ON YOUR LETTERHEAD?
No. You continue to bill normally. Payments continue to be made payable to you.
WHAT DOES IT COST?
Fees are based on the speed of your collections. The quicker you collect the smaller your fee.
MUST I SIGN UP FOR A MINIMUM PERIOD?
No. You are able to terminate your facility with seven days notice.
DOES RECEIVABLES FINANCING MAKE GOOD BUSINESS SENSE?
Yes. Thousands of companies use this financial tool. Now your business can take advantage of this proven, debt-free and flexible method of effectively multiplying your working capital.
WHAT WILL MY CUSTOMERS THINK?
The fact is they may never know. The Cash Resources Australia service is confidential.
CAN WE QUALIFY IF WE ALREADY HAVE EXISTING CREDIT LINES OR BANK LOANS?
Yes. We complement and work in co-operation with your existing lenders to enable you to access even larger amounts of funding.
CAN WE QUALIFY EVEN IF WE ARE JUST STARTING A BUSINESS AND HAVE NO CREDIT HISTORY?
Yes. You can, if you have creditworthy customers.
“If we knew about the service two years earlier we would never have entered voluntary administration. It was just the boost we needed and provided the funds to enable us to exit the deed of arrangement”
Rob and Narelle Dale, Directors, Kundle Transport.