SME Invoice Finance
Invoice finance is how small businesses access cash from invoices they have already raised, before customers pay. With new age invoice finance a business can connect Xero, MYOB, QuickBooks or Reckon, pick any unpaid invoice, and get funded quickly, often the same business day. Single transparent fee of from 4-5% per invoice. No setup, no monthly subscription, no lock-ins. Preferred invoice financiers also don’t require you to change your bank account, which is a huge admin benefit.
How it works (in plain English)
A business completes work for a customer and raise an invoice
Instead of waiting for the client to pay (30-90 days), you submit the invoice to the funder
The funder pays you up to 90% of the invoice value, often the same day
Your customer pays their invoice as normal. They never know the funder is involved
The funder deducts the advance plus the flat fee from your bank account
Who it’s for
Invoice finance works for B2B businesses that:
Invoice other businesses or government
Operate on credit terms (customers pay after work is done)
Operate in New Zealand or Australia
What are the steps
check your business eligibility
get approved (not all will be)
select an invoice (one, many or none). You decide on which invoices to fund.
see the fee before you confirm (the fee will vary based on the amount and term)
get funded
once the invoice is repaid (via direct debit) your limit refreshes and you can go again.
Check your business eligibility by following the link below