Why Is Lending Really Difficult And Factoring Isn’t?

Call Us Today 1300 00 8332Call Us Today 1300 00 8332

Visit us at: http://tradedebtorfinance.com.au

Why Is Lending Really Difficult And Factoring

Isn’t?By: Trade Debtor Finance Consultants (TDFC)

Sid Goodwin

http://tradedebtorfinance.com.au/



Business owners have been asking this question a lot lately




Banks showing record profits in a Global Financial Crisis has caused

some anger amongst thebusiness community




The reason for this is simple




Banks are securing up good debt




If you’re a client, who has a few issues then they are not interested,

plain and simple




Banks are undervaluing properties to inflate security, profits and shares




So the traditional lending has become much harder to obtain




So, why not look at Factoring




Larger businesses can cash flow finance their business




And grow without personalsecurity being used




Banks like this product, as they take control of your trading accounts




Which they start moving into your personal accounts as well




In the end, they take controlover everything




That’s when it all starts to go wrong, the moment something bad happens




So move, to non-bank products




Pay a little more, but get control back




These non-bank lenders are not interested in your other products




All they care about is your invoices




By getting control of your trading accounts again, you can again

make a range of decisions




In most circumstances, these companies have some flexibility

to their Factoring product




This is so important in business,as we all know, things change




Factoring is a product thatgrows with your firm




Depending on the type of product chosen, will depend on the level of

involvement the Factoring firmhas in your business




As stated, Factoring is offered by the banks




As it’s Confidential and they like no involvement in your business




However, they request monthly reconciliations, lengthy paperwork




And audits to maintain this facility,as well as seeing your trading

account daily




In which if something goes wrong, they can hold




In the end the decision to pay cheaper prices and go to a bank is up to you




All TDFC can do, is offer you a range of different lenders so you can make

an informative decision




Our quote comes to you at no cost to your firm




It will have very experienced guidance, and will support you for the life

of the loan chosen




For more information contact us on…


Call Us Today 1300 00 8332

Main Office:

1300 00 8332

Fax Number:

07 5540 3727



TDFC Mobiles Any Time:0408 058 827 or 0408 711 932

After Hours Consultants: 0416 142 907



Postal AddressPO Box 646,JimboombaQLD 4280

Email: [email protected]


mailto:[email protected]