We source quality cost effective ‘Debtor Finance’ solutions from a number of specialized lenders.
Debtor Finance is a generic description of a funding process based on the value of a business’ accounts receivable ledger. You can use this facility if your business supplies products or services to other businesses on standard trade credit terms.
Take the fuss out of chasing your debtors. Leave it to our team to assist in freeing up your cash flow. As a result, you and your business can capitalize on opportunities. You can focus on growing your business.
Many small businesses looking to grow still find it challenging to access finance, particularly without providing real estate as security. Read more in Finance is Challenging for Australian Small Businesses.
A huge thank you to Tom, even with past financial issues Duncan got me my Prime Mover to start up my business again, can’t recommend Commercial Point Finance enough, I will be using them for all my finance needs from now on.
A huge thanks to Tom Rockliff for getting the finance approved in less than a week. When all the odds were against us but Tom still managed to find the best deal 🤝 Well done mate, great outcome. Thanks again for your efforts to get this over the line.
Craig was very easy to deal with and nothing was a problem. He got us the most competitive rates for leasing and promptly followed up on actions we had to take.
Thank you Brendan for the work that you have done in this challenging borrow, eight trailers and four dolly's. This will allow tremendous growth within our business.Terry and Melissa
I have purchased my last 5 trucks using the services of Brendan Scotter from Commercial Point Finance. Not only was the service I received from Brendan, very prompt and courteous but extremely professional. Nothing was a drama.Moving forward, I will only use Commercial Point Finance for any future equipment purchases, as well as any general and property finance.To that end, I cannot recommend Brendan and his team more highly!Paul GerslingOwner/directorGersling Transport Pty Ltd
If there was an option for 6 Stars, Tom Rockliff would get it from us!!!We got our machinery finance approved because of Tom. Tom was nothing short of professional, easy to communicate with, quick to respond to any and all queries, and helpful when we didn’t understand paperwork. He worked harder than we ever expected and we will be forever grateful for his help in starting our machinery business. Thankyou Tom 😅🚜👨🏻🌾⭐️
Craig was a great help in getting us a loan for a ute. It wasn't an expensive vehicle, however there was quite a lot involved to finalise the application. He followed it through to the end! We'd recommend his services to anyone.
Craig at Commercial Point Finance is our absolute go to guy since discovering him 12 months ago.My experience with Craig is always seamless, incredibly efficient and fantastic value with competitive rates. I just make the call and Craig does the rest. From multiple vehicles to overdraft facilities, Craig's expertise has allowed our business growth strategies become a reality.More than a broker, Craig & Commercial Point Finance are considered partners in helping us achieve our business goals.
I have had the pleasure of working with Mr Craig Kirby from Commercial Point Finance. Craig is a very approachable and easy to deal with broker who doesn't beat around the bush or waste time. Craig took the time to carefully understand my needs and was able to promptly provide me with a short list of financers that would be best suitable for me considering my situation at the time. The settlement process took around 3-4 days. I was also impressed by the professionalism displayed by Craig as he maintained constant contact with me to provide updates and a clear insight of the process each step of the way. As I am new to the finance industry; Craig and the team at Commercial Point Finance took the time and patience to address any concerns or questions I had. Due to the reasons listed above (and many more) - my experience with Commercial Point Finance and especially Craig have been very pleasant and smooth. I would highly recommend working with Craig or Commercial Point Finance as I have personally witnessed that Craig is willing to take that extra step to ensure customer satisfaction. I commend Craig on his commitment to the role as he provided me with clear and honest results rather than excuses. Looking forward to doing business with him again shortly. Keep up the good work Craig and thank you for your guidance throughout my application!👍I would also like to thank Commercial Point Finance for delivering what they promise.
Tom is a very professional guy . He helped me getting my first truck loan approved within a week. Very fast hassle free friendly service .He will give you the best advice and always willing to do an extra mile .Overall highly recommended 👌
First time going with commercial point finance. Being in business time is money and commercial point finance were very swift on providing finance for a new truck. Responding after hours allowed me to replace my broken down truck with a new one not loosing any work in the meantime asap. Definitely going to rely on them again in the future!
After battling with banks for several months Brendan had our loan sorted within a few weeks. Professional and made the process seem so easy. Could not be happier with his service.
Process was smooth, received a lot of help from Brendan Scotter. Very happy with the service and the outcome.
Brendan has just helped us finance two business car loans.It was the easiest and most smooth loan process we have ever done.Brendan was so professional with the process. Awesome communication.Highly recommend.
From start to finish, Brendan from Commercial Point Finance worked closely with me to secure funds required for a specialised item of equipment. Brendan maintained excellent contact, regularly advising me regularly as to how the application was progressing and what was required at each stage of the process. Would highly recommend Commercial Point Finance and Brendan for any help with business finance needs.
Commercial Point Finance - Brendan and Staff are professional, thorough and communicate and understand your needs. Go above and beyond to ensure that the process is easy, understandable and reliable. Would not hesitate in recommending them to anyone in need of a Broker that will go to all lengths to take care of your needs and respond to all your enquiries. They make the process personal and understand that your financial needs can make all the difference and place every effort to ensure you are taken care of.
Brendon was great to work with!Sorted everything out quickly and hassle freeWould highly recommend and I will be using him for any financing in the future
Brendan is absolutely the best at what he does, I haven’t been able to get a car for almost 5yrs and commercial point finance was the way to go has it all sorted out for me and was extremely fast . The best in town
Working with Brendan was an absolute pleasure. He secured truck financing for us at a competitive rate. Everything was hassle free and seamless - taking a lot of stress out of the whole process. Would highly recommend Brendan to anyone looking for finance options.
We would highly recommend Brendan and his team at Commercial Point Finance. Jonaya kept us up to date throughout the process and was quick to answer any questions we had. We look forward to working with them again in the future.
Brendan gave a perfect balance of personal and profession service delivering exactly what my business needed. HIGHLY RECOMMEND
The team at Commercial Point Finance are always friendly, approachable and go above and beyond.Nothing is ever an issue and they have always worked hard to get the best outcome for us.I would highly recommend Jonaya and the team at Commercial Point Finance.
Hi my name Rana, this is my first time buying small business, I am lucky to have Brendon as finance broker, Brendon is one of professional broker, he does all paper work for me, in reality in just two weeks time my loan approved. Brendon prefect in his work, this is great I don’t need to make revisions to it at all, thanks, this is exactly what I was looking for. Thanks Brendon again, in future I will be looking to invest in business again and need your help. I will be sharing your contact details to all my friends and colleagues, 👍🏻
Commercial Point Finance was able to get my truck finance approved against all odds. I'm very appreciative of their help and couldn't recomend them enough.Brendan kept in regular contact through out the whole process and was happy to answer even the simplest questions.
Commercial point finance was a very reliable and stress free experience, the customer service was excellent with great outcomes.I would highly recommend using this service, I can not fault the quality of workmanship and i will be using again in the rear future.
Brendan was very fast & helpful in helping me find a loaner & get approved for my truck
Brendan at Commercial Point Finance provided a fast and professional service for our deal, getting us across the line for a win. Look forward to using his services again in the future...
This was my first time using Commercial Point Finance yet dealing with Brendon was like catching up with an old friend. I didn't have to ask or make requests, Brendon went straight into finding me the best deal, giving me options advising me what the best ones are for our business. He would explain how the money would work for us, his knowledge just flowed, there were no ahs and ums it was just information, he was efficient and in constant communication with me so much so that I will not hesitate to use him again and I recommend him to anyone who is in need of his skill, Brendon thank you for everything.
Worked with Brendan on finance for a new truck , he went above and beyond what would usually be expected . Very professional and made everything very understandable . be more than happy to deal with in the future or recommend anyone looking for finance to definitely go through commercial point
Brendan at commercial point finance made financing a new business vehicle a super easy experience. Brendan was friendly and informative. Will be back again.
Brendan is always a pleasure to deal with. His service is second to none. Precisely why I will continue to work with Commercial Point Finance in my business and personal finance ventures! i will recommend everyone who needs finance to give brendon and his team a call. Thanks again brendan.
We have been using Commercial Point finance for the last 4 years .We have found Brendan is absolutely amazing at what he doesHis dedication and patience between lender and client is second to noneBrendan is totally on the ball and there is never a stone unturnedWe would highly recommend Brendan in a heartArslans Horse AgistmentMikke & Gurkan Arslan
Brendan and commercial point finance gave the best customer service and understood my working hours and worked in with them making the whole process an absolute dreamthanks again !!
Great people to deal with very polite and efficient service help me all the way through the finance process always pick up the phone when I needed them. I would recommend Commercial Point Finance to anyone that needs finance thanks heaps Brendan
3 times Brendan has got impossible deals across the line. Champion in what he does. clearly understood what i was after and delivered. looking forward to working with him again
Brendan from Commercial Point Finance was Extremely Knowledgeable and Helpful in gaining me Finance for my Agi.Highly Recommended.
Pleasure dealing with an experienced, down to earth financier who understands business.
Brendan and Commercial Point FInance have been great with us since we have started using their services. When we purchased our trucks for LAL Refrigerated he has been efficient, quick to respond and has superior customer service - we have used him at least five times in the last 12 months to purchase our trucks and company cars. There was never a single hiccup - his professionalism is amazing and he just now we have been approved for another truck. Thanks Brendan for your excellent customer service, you are a delight to work with as is Commercial Point Finance. Lastly Brendan and Commercial Point FInance's services are much more superior than dealing with a bank.Vikash and Lidia LalLAL Refrigerated Transport Pty Ltd
We were extremely fortunate to have been referred to Brendan in 2016 when purchasing a 45t excavator. This piece of equipment was a big deal to us. It meant an opportunity to unlock areas of the market that were previously inaccessible. From the onset we believe Brendan has been aligned with our vision and has displayed parallel motivation and determination. His faith and commitment has resulted in steady growth from $2.2m in 2016 to $6.3m in 2020. Brendan has always gone the extra mile to support our business goals. Without Brendan’s seamless professionalism and passion for positive outcomes – we would not be where we are today.
Brendan went above and beyond to ensure this was a stress-free process. He was very informative and was happy to help with the paperwork where needed, making the purchase go through as fast as possible. We really appreciate the hard work. Thank you
Absolutely fantastic dealing with Brendan. Very professional service. We had finance approved with another broker but when the contract came out it was at 18% interest. We contacted commercial point finance via online inquiry at 6pm and Brendan called me at soon after and the rest is history. 24hrs later we had finance approved at 7.9% huge saving!! Good honest service and advice with the best rates!!! Thanks again Brendan!!
Excellent Service Brendan and His company were very Professional every step of the way.-AC Waste Services
Best finance broker.Brendan made it happen and with ease. Being in the finance game for so long Brendan was able to Taylor exactly what I wanted to get the outcome I desired. I wish I had known him earlier. Thanks again for time and great workI will definitely be back.
Brendan offers excellent service to his customers by working tirelessly to achieve what you can't on your own, especially now that it is becoming increasingly difficult to obtain a loan. His expertise in the lending industry and his drive to succeed on your behalf is unsurpassed. We will only use Brendan in the future for our loans to purchase heavy vehicles for our business.
We have had Brendan looking after our finance needs for many years now and can highly recommend him.Brendan is very professional and his knowledge and advice on any finance is appreciated and always helpful.He responds quickly to our needs and makes purchasing equipment hassle free
Brendan has always been great to do business with. He has done a number of finance deals for our company and he has been pleasure to work with. Thanks Brendan.
Brendan did an amazing job with getting our finance through. It was a stress free experience for us and was processed quickly. Would highly recommend his services to any future customer.
How does Debtor Finance work?
Debtor finance can be disclosed or undisclosed to your customers. Debtor Finance is a full ledger facility. All invoices are subject to the debtor finance arrangement.
Invoice Financing is a selective invoicing facility. Invoice finance is a specific type of Debtor Finance. Instead of selling all your invoices you decide which invoices and when to sell.
Security requirements vary between lenders. Requirements traditionally focus on:
- The value of the debtor’s ledger
- Specific assets
- A charge or mortgage over the business
- Personal guarantees of directors as collateral
Most Debtor Finance credit lines will automatically increase in response to increases in sales. Therefore it will provide ongoing working capital to fund the growth of the business.
The typical advance rate ranges from 70% of accounts receivable ledger value up to 90%. The remaining 30% to 10%, known as the ‘retention’ is released following receipt of payment of each invoice by the customer/debtor/buyer.
It is also sold as:
- Invoice Discounting
- Factoring
- Cash Flow Finance
- Asset Finance
- Invoice Finance
- Working Capital finance
Why would you use Debtor Finance?
- The finance facility grows with your business
- No real estate security required (unlike overdrafts)
- The facility is self-liquidating. Consequently, your business is not taking on any additional debt
- The facility is stand-alone. It is separate from your other Bank borrowings and Bank security
- You have fast access to your debtor’s outstanding invoices. Get paid straight away. Don’t wait 30, 60 or 90 days.
Who would use this type of Facility?
Certainly, any business may have a use for debtor finance. It is especially useful if you are in a growth phase. Or if your debtors, for example, keep extending their payment terms to you.
The financier looks at the strength of the debtor rather than your business. The result is a streamlined credit approval process. The financier uses the invoices as security.
Finance percentage of the Debtors Invoice
In some cases up to 90% of the approved value of invoices (subject to credit approval*) can be financed, minus fees, within 24 hours of processing.
What security is generally required?
The financier uses the invoice as security. The financier takes a fixed charge over the Debtors of your business. In the majority of cases, you do not need to provide any other form of security. Therefore, you keep the other security free for other uses (such as property).
Check out our Commercial Finance Page for all our commercial finance options.
Contact Us to discuss how we can tailor the ideal Debtor Finance package for your business. Call 02 94530300.
*All applications are subject to the credit approval criteria being met.