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No responsibility to collect Invoices

Receive up to 90% of your invoices.

Funding possible within 24 hours of approval

No bad debts risk

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What is Invoice Factoring?

Invoice factoring also is a form of invoice financing. In invoice factoring a business gives control of a part or their entire accounts receivables ledger to the lender, wherein the responsibility to collect the debt is passed on to them. Businesses commonly use it to replenish the cash reserves that are suffering from depletion due to too many pending invoices. You can receive an advance of up to 90% in funds against the receivable ledger.

Broc Finance helps you by facilitating invoice factoring, connecting you with a credible lender. We enable you to secure a line of credit against the accounts receivable, by connecting you with credible finance companies.

What you should know about Invoice Factoring

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Salient Features of Invoice Factoring

Invoice factoring carries the following traits that make it easy for businesses to secure funding.

  • Offers flexible business financing options to enterprises or companies of all sizes and stature.
  • Easy to get approval even with ATO debt, poor credit history, and short span of trading.
  • Does not require a real estate security or collateral against the financing.
  • Invoice factoring funds scale along with the business.
  • Funding is possible within 24 hours of approval, especially when collaborating with Broc Finance.

Difference between Invoice Discounting & Invoice Factoring

Invoice Discounting

The business uses its outstanding accounts receivable as security or collateral to secure funding.

The control and responsibility to collect debtors lies with the business.

You can receive up to 95% of the invoice value.

Collection risk remains within the business.

You cannot opt for non-recourse factoring.

Invoice Factoring

The business sells its accounts receivable to a finance company. Instead of the in-house debt management team, it’s the invoice financing company that chases the pending invoices.

The control and responsibility to collect debtors lies with the factoring company.

You can receive up to 90% of the invoice value.

Collection risk is passed on to the factoring company.

What Businesses can benefit from Invoice Factoring?

Invoice factoring is suitable for SMEs, which are seeking growth or already scaling their development but need urgent funding to stay on the growth track. The following types of businesses can reap the benefits of sourcing invoice factoring.

  • Limited Companies
  • Single traders
  • Start-ups
  • Joint ventures

If we have to point out industries that mostly opt for invoice factoring, then those will be:

  • Wholesalers
  • Traders
  • Manufacturing
  • Transport and Distribution
  • Staffing/Labour Hire
  • Engineering

Most SMEs do not have the infrastructure support to chase the pending invoice collections. A significant percentage of accounts receivable can create a financial deficit, thus disrupting the regular business and long-term growth. These hurdles can either stunt the growth or make it sluggish, which every business owner wants to avoid.

That’s where an invoice factoring comes to their rescue. With the outstanding invoice collections being taken care of, the business owner can focus on the core processes of the organization. It enhances performance and productivity.

Broc Finance offers you complete support in facilitating invoice factoring for you from reliable and credible financial players in Australia.

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Why should you choose Broc Finance?

Tailor made options

Being a small business owner, many of our clients are not sure of right loan product for their businesses. Our lending specialists understand their needs and recommend tailor made options.

Personal Consultation

Unlike business loan marketplace websites which use AI based algorithms to match your requirements, we provide obligation free personal consultation as every business is different and an AI based algorithm may not provide them the optimum solution.

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Competitive Pricing

We endeavour to achieve the optimum business loan solution for our clients at the most competitive pricing possible.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Real results with real people.

99+ customer reviews

5.0

Aktaruzzaman Rasel

Aktaruzzaman Rasel

Thank you Neeraj Indraghanti and his team. Really apricated you help to getting the loan when we needed. We had an amazing experience with this company. We are so pleased with the service received from Neeraj. He went above and beyond to help us get out of the situation. The loan process was easy and hassle free. Looking forward to use your service in future too.
Tabitha Pomente

Tabitha Pomente

Working with Saroj and the Bronc Finance team has been an incredible experience. Their professionalism, knowledge, and support throughout the process have been outstanding. I couldn’t be happier with the service and results — highly recommended!
Don Hett

Don Hett

⭐️⭐️⭐️⭐️⭐️ Highly Recommend Saroj from Broc Finance! Saroj was incredibly helpful from start to finish. He listened to all my requirements, understood my situation, and got me the funding I needed super fast. I really appreciate how efficient and responsive he was throughout the whole process. If you’re looking for someone who actually cares and gets the job done without delays, Saroj is your guy. I highly recommend him for anyone needing funding support. A big thanks to Saroj and the team at Broc Finance for their great work. Wishing you all the best!
Mugdha Chandekar

Mugdha Chandekar

A Trusted Partner in Commercial Finance I had the pleasure to discuss with Broc Finance on a complex commercial mortgage transaction, and I can confidently say they are the experts and professinals in this space. If you're looking for a commercial mortgage broker who brings clarity, integrity, and genuine commitment to the table, Broc Finance is the one to call. Highly recommended for any business owner seeking tailored financial solutions.
Yogendra Jayadeva

Yogendra Jayadeva

Partnering with Broc Finance (and Saroj) has been a fantastic experience—seamless support, quick turnaround, and successful outcomes for even the trickiest business loan scenarios. Highly recommend them for reliable and efficient Business lending solutions!
Deepesh Parikh

Deepesh Parikh

Saroj knows his business. To the point guidance, everything from start to finish was as expected and confirmed by him. Always recommend him for sorting it your personal or business finances. Thanks a lot for all your help Saroj.
Daniel Butel

Daniel Butel

Saroj and the team are great, they are open and transparent with advice. Truly are advocates for your business and help to cut through the finance jargon that’s hard for business owners and operators to decipher
Zoltan Matrof

Zoltan Matrof

I wanted to express my sincere gratitude for your outstanding support in helping me secure finance. Your professionalism, clear communication, and dedication made the entire process smooth and stress-free. I truly appreciate your expertise and commitment—thank you for going above and beyond to assist me! World Gym Busselton

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Frequently asked questions

Debt factoring is more like a business transaction than a traditional form of financing. You are selling your invoices to another company that will handle the chasing and the collection. It does not follow the usual rules of a business loan. It helps businesses to secure funding and liquidate its receivables ledger.

You need the following documents to prove your eligibility for debt factoring.

  • An active ACN or ABN.
  • Pending invoices with other businesses in Australia.
  • Invoice proof of the delivered services or goods. 

Unlike invoice financing, where there is a choice between confidentiality and disclosure, in factoring, your customers will know about the transaction. It’s because you are selling your invoices to a third-party factoring company.

Generally, the approval process may take between 3-7 days, and you can have get funded within 24 hours of approval.

Invoice discounting is all about the beneficial aspects of business financing. The only con that it has is that this is not suitable for all businesses specially B2C businesses.

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