Important information

Please be aware of the following;

Effective Immediately Tuesday 6th March 2012 Credit License Cancellation Lodged By Us With ASIC

Ability Finance have elected to cease all credit activities covered by ASIC credit licensing for various reasons including but not limited to;

  1. Lender commission cuts over the past few years.
  2. Additional liability, workload and costs arising from National Credit Licensing
  3. Lender minimum volume restrictions which result in smaller brokers not being able to offer all options to customers.
  4. Regularly encountered inexperienced lender staff who are unaware of their own employers policies whose advice wastes both broker and customers time and resources.
  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Should you feel there is any content that should be removed from this site please contact the webmaster.
By any chance you feel specific content is interpreted as offering any credit activities by us it is to be ignored, please report to the webmaster for removal or modification.
If you are legally entitled to engage in credit activities and would like to advertise on this site please contact the webmaster.
If you would like a website developed or even to purchase this site modified to your requirements please contact the webmaster.
Meanwhile we are working hard at creating a one stop shop for purchasing high quality spray painting equipment online including an extensive range of the best spray gun models we are able to offer at discounted prices everyday right across the complete range of available spray gun models. Online spray gun prices with old fashioned personal service levels.

Business Factoring Improves Cash Flow

In times where the economy slows and cash flow becomes a primary concern of small businesses factoring could offer a solution.

There is a factoring product available which provides businesses with an immediate cash injection by advancing up to 85% of the face value of an invoice assigned to it. The financing company then collects the debts. This not only frees up working capital for business to use when it is required, but also reduces the business expenses in many areas such as eliminating the cost of employing an additional person to handle accounts receivable.

Another area where costs can be reduced is through negotiating early payment discounts from suppliers once the business in a position to pay suppliers on COD or 7 day terms as a result of factoring.

Provided a business meets the financier’s criteria, a meeting can be arranged, the relevant documentation is collected and assuming the documentation is acceptable a letter of offer is issued within 24 to 48 hours.

If the business wishes to proceed, and accept the offer, an establishment fee of $990 inclusive of GST, is payable to allow the documentation to be prepared. This should take place within 48 hours of the offer being accepted.

The financier is then in a position to commence factoring the borrowers debtors.

Contact Ability Finance Brokers for more information.


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