Tailored
Invoice Finance
Solutions
Unlock cash tied up in unpaid invoices with invoice factoring and discounting solutions. Get up to 80% of your invoice value within 24 hours.
Accredited and trusted
We're proud members of leading industry bodies, ensuring you receive professional and tailored financial solutions.
FBAA Member
Finance Brokers Association of Australia
AFCA Member
Australian Financial Complaints Authority
FRANdata Partner
Franchise Industry Research & Analytics
Access to 70+ business lenders
We work with Australia's leading bank, non-bank and private lenders to find you competitive rates and terms for your business needs.
What is Invoice Finance?
Invoice finance allows you to access cash tied up in unpaid invoices. Instead of waiting 30-90 days for payment, you can receive up to 80% of the invoice value within 24 hours, improving your cash flow and enabling business growth.
Key Benefits of Invoice Finance
Discover why invoice finance is the smart choice for improving your business cash flow.
Fast Cash Flow
Get up to 90% of your invoice value within 24 hours instead of waiting 30-90 days for payment.
Business Growth
Use improved cash flow to take on larger contracts, hire staff, or invest in equipment.
Credit Protection
Many providers offer bad debt protection, reducing your risk of non-payment.
No Personal Guarantees
Most invoice finance facilities don't require personal guarantees from directors.
Flexible Funding
Access funding that grows with your business - the more you invoice, the more you can access.
Easy Setup
Quick application process with minimal paperwork and fast approval decisions.
Invoice Finance at a Glance
Factoring vs Discounting
Choose the invoice finance solution that best fits your business needs and customer relationships.
| Feature | Invoice Factoring | Invoice DiscountingCONFIDENTIAL |
|---|---|---|
| Customer Contact | We handle all customer communications | You maintain direct customer relationships |
| Collection Management | We manage all debt collection | You handle collections and follow-ups |
| Confidentiality | Customers know about the arrangement | Confidential - customers unaware |
| Cost | Higher fees due to additional services | Lower fees - you manage customers |
| Control | Less control over customer relationships | Full control over customer interactions |
What are the fees & costs?
Understanding invoice finance costs helps you budget effectively and choose the right funding solution.
Common Fees
Interest Charges
Who is it for?
Invoice finance is perfect for businesses with outstanding invoices who need immediate cash flow improvements.
Don't just take our word for it.
Read what our clients have to say about Splendid.
Sharni
GM, Online Retailer
"Bhavi was incredibly supportive and knowledgeable throughout the process of securing new funding for our eCommerce business. Always available to discuss any questions or concerns, he explained our options with clarity and patience."
Abhi
Owner, Logistics Company
"We are incredibly supportive and knowledgeable throughout the process of securing our business loan. Their expertise made all the difference, and we couldn't be happier with the outcome."
Helen
Director, Software Company
"Excellent service. The whole experience was seamless, fast and easy. Very impressed with how everything was managed, great communication along the way."
Simon
Owner, Marketing Agency
"Bhavi is fantastic to work with and genuinely cares about getting the best outcome for his clients. I highly recommend Splendid for any small businesses looking for finance solutions."
Byron
Founder, Development Company
"Great experience, spoke to me the whole way, got a great deal and never felt pressured at any time, highly recommend these guys."
Sharni
GM, Online Retailer
"Bhavi was incredibly supportive and knowledgeable throughout the process of securing new funding for our eCommerce business. Always available to discuss any questions or concerns, he explained our options with clarity and patience."
Abhi
Owner, Logistics Company
"We are incredibly supportive and knowledgeable throughout the process of securing our business loan. Their expertise made all the difference, and we couldn't be happier with the outcome."
Helen
Director, Software Company
"Excellent service. The whole experience was seamless, fast and easy. Very impressed with how everything was managed, great communication along the way."
Simon
Owner, Marketing Agency
"Bhavi is fantastic to work with and genuinely cares about getting the best outcome for his clients. I highly recommend Splendid for any small businesses looking for finance solutions."
Byron
Founder, Development Company
"Great experience, spoke to me the whole way, got a great deal and never felt pressured at any time, highly recommend these guys."
Sharni
GM, Online Retailer
"Bhavi was incredibly supportive and knowledgeable throughout the process of securing new funding for our eCommerce business. Always available to discuss any questions or concerns, he explained our options with clarity and patience."
Abhi
Owner, Logistics Company
"We are incredibly supportive and knowledgeable throughout the process of securing our business loan. Their expertise made all the difference, and we couldn't be happier with the outcome."
Helen
Director, Software Company
"Excellent service. The whole experience was seamless, fast and easy. Very impressed with how everything was managed, great communication along the way."
Simon
Owner, Marketing Agency
"Bhavi is fantastic to work with and genuinely cares about getting the best outcome for his clients. I highly recommend Splendid for any small businesses looking for finance solutions."
Byron
Founder, Development Company
"Great experience, spoke to me the whole way, got a great deal and never felt pressured at any time, highly recommend these guys."
Is my business eligible?
Check if your business meets our invoice finance requirements for quick approval and funding.
General Requirements:
Documentation Required:
What are the steps involved?
Invoice Assessment
We review your outstanding invoices and customer base to determine the best financing structure and advance rates.
Facility Setup
We establish your invoice finance facility with competitive rates and terms suited to your business cash flow needs.
Invoice Submission
Submit approved invoices through our system and receive funding within 24 hours of customer verification.
Customer Payment
Your customers pay invoices as normal. We handle collections (factoring) or you maintain relationships (discounting).
Final Settlement
When customers pay, we remit the remaining invoice balance minus our fees directly to your account.
Why work with a broker like Splendid?
Access to multiple lenders
Compare offers from ~70 business lenders to find the right deal for your unique needs.
Save time and effort
We handle the application process and negotiate with lenders on your behalf.
Expert guidance
Our experienced team provides personalised advice based on your business needs.
Better outcomes
Higher approval rates and more favourable terms through our lender relationships.
How do I compare invoice finance offers from different providers?
When comparing invoice finance solutions, consider these important factors beyond just the advance rate:
Key Comparison Factors:
Additional Considerations:
FAQs
Once your facility is set up, you can typically access funds within 24 hours of submitting an invoice. The initial setup process usually takes 5-10 business days.
Invoice factoring involves the lender managing your sales ledger and collecting payments directly from customers. Invoice discounting is confidential - your customers don't know about the facility and you maintain control of collections.
Most facilities allow you to be selective about which invoices you factor, giving you flexibility to manage your cash flow as needed. However, some lenders may require you to factor all invoices to a particular customer once you start.
This depends on whether you have recourse or non-recourse factoring. With recourse factoring, you're responsible for bad debts. Non-recourse factoring includes credit insurance, protecting you from customer non-payment.
Invoice finance is primarily based on your customers' creditworthiness rather than your own. However, lenders will still assess your business's financial stability and management capability.
Costs typically include a service fee (0.5-3% of invoice value per month), setup fees ($500-$2,000), and credit check fees ($25-$50 per customer). The exact costs depend on your business size, industry, and risk profile.
Most invoice finance facilities have minimum terms of 12-24 months. However, some lenders offer more flexible arrangements. It's important to understand the notice period required to exit the facility.
Yes, invoice finance can complement other funding sources like business loans or overdrafts. However, you'll need to inform all lenders about existing facilities as they may require security over your debtors.
Accelerate your business growth.
Get a free invoice finance quote and unlock the cash tied up in your unpaid invoices. Join the hundreds of Australian businesses we've helped secure funding.