Ali McEwen
๐ฏ Invoice Factoring Solutions is ๐! Their service is exceptional. They have helped me manage my cash flow efficiently. Highly ๐ช recommended!
Questions about Invoice Factoring Solutions
What is Invoice Factoring Solutions?
Invoice Factoring Solutions is an invoice financing provider established in 2017 that helps businesses convert sales on credit terms into immediate cash flow. They primarily serve small to medium businesses and sole proprietorships across New Zealand, including industries like transportation, medical providers, construction, and manufacturing. The company emphasizes affordable quality solutions to help clients grow their business and support the local economy.
Where is Invoice Factoring Solutions based and what are their funding limits?
The business is located at 47 Botany Road, Botany Downs, Auckland 2010, and services the whole of New Zealand including Hamilton, the Waikato Region, Christchurch, and Canterbury. They can fund clients with as little as $5,000 a month in sales and up to $400,000 a month, with higher amounts available for other asset-based financing options.
How does the factoring process work and how do I apply?
To get started, you can book a phone call or call 0800 466 231 to apply in just 2 minutes. The process involves submitting copies of invoices to them, after which 80% of the approved value is made available for use like an overdraft while the customer pays them directly.
What are the costs and fees associated with their factoring services?
The fee for administration is 2-5% of the value of invoices submitted, covering processing, liaison, and statement sending. Additionally, a discount of 0.25% per day is charged for each day past the due date.
What do recent reviewers say about their service quality?
Some reviewers on Trustburn praise the team's quick response times, professionalism, and competitive rates. They also highlight how the service has helped them manage cash flow efficiently and streamline business operations.
What is the current rating and how recent are the reviews?
The Trustburn rating is 4.1 out of 5 from 12 reviews, with a mix of 5-star, 4-star, and 3-star ratings. The most recent reviews from October 2023 continue to express satisfaction with the service and responsiveness.
What additional financing options do they offer besides invoice factoring?
According to their website, they offer an online portal for client login and can provide funding for vehicle financing, plant and equipment funding, and lease-to-buy services for customers.
What makes their funding approach different from competitors?
The company states they are unique because they offer flexible funding requirements for businesses that provide services or products to other businesses, allowing many to qualify easily.
Which types of businesses are ideal candidates for their services?
They target businesses that are expanding rapidly, new businesses with sales on terms, those facing bank covenant violations, or companies with seasonal sales and fixed costs.
How does their funding compare to bank overdraft facilities?
The business claims to have more funding potential than bank overdraft facilities and adjusts facilities as the business grows, unlike traditional bank lines.
What are the main requirements to qualify for their factoring?
They emphasize that factoring is easier to get than conventional financing because it involves selling an asset rather than getting a loan, requiring only invoices from creditworthy commercial clients.
How quickly can funds be accessed after approval?
The website mentions that they can turn invoices into cash within 24 hours once approved, providing immediate funds for company expenses.
How long has the business been established?
The company has been operating since 2017 and is described as an invoice factor in Auckland servicing the whole of New Zealand.
How can I contact Invoice Factoring Solutions?
Contact can be made via the phone number 0800 466 231 or 021 751 660, and they encourage filling out a contact form on their website.
What is the official website of Invoice Factoring Solutions?
The official website of Invoice Factoring Solutions is invoicefactoringsolutions.co.nz.
AI-generated from reviews on this page. Verify anything important with the company directly.
Larry Hunter
Invoice Factoring Solutions has been a valuable partner for my business. They provide exceptional service and have helped me manage my cash flow effectively. Their rates are competitive and the team is always responsive and helpful. Highly recommended.
Raghav Vajjhala
Invoice Factoring Solutions provides a great service. I am impressed with their quick response times and efficient handling of my invoices. They have helped me deal with cash flow issues and improved my business operations. I highly recommend their services.
Jamie Bryant
๐ Invoice Factoring Solutions is the best! They provide an excellent service that has helped me streamline my business operations. I am very satisfied with their assistance. ๐
Francis Pence
The service provided by Invoice Factoring Solutions is excellent! They have helped me overcome cash flow challenges and improve my business operations. The team is professional and always a pleasure to work with. Highly recommend!
Marti Goyal
I am extremely satisfied with the services of Invoice Factoring Solutions. They have helped me optimize my cash flow and improve my business operations. The team is professional and proactive. I would highly recommend their services to other businesses.
Perry Chen
The service I received from the company was superb! They responded promptly to my inquiries and helped me with my invoice factoring needs. Their rates are reasonable and their team is friendly. I would definitely use their services again and recommend them to others.
Aanchal Nagpal
I've had a great experience with Invoice Factoring Solutions. They have helped me improve my cash flow and streamline my invoicing process. The team is friendly and always available to assist. Highly recommend their services.
Elizabeth Godsey
The service provided by Invoice Factoring Solutions is top-notch! They have been a great help in managing my cash flow effectively. I appreciate their professionalism and quick response times. Highly recommended!
Tom Beuke
I have been using Invoice Factoring Solutions for over a year now and their services have been excellent. They offer competitive rates and their team is always helpful and responsive. I appreciate their professionalism and would highly recommend them to other businesses.
Kristel Gregory
I recently started using their invoice factoring services and I must say I am quite satisfied. They handle everything professionally and transparently. The rates are competitive and the process is hassle-free. Highly recommended.
Alison Johnson
Invoice Factoring Solutions is a great company that provides top-notch service. They have helped me manage my cash flow efficiently and improve my business operations. Their rates are competitive and their team is always responsive. Highly recommended.
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Get the widget for your site →About Invoice Factoring Solutions
Invoice Factoring provides on-call access to the funds tied up
in your accounts receivable ledger.
As a Invoice Factoring provider, I help businesses to convert their sales on credit terms into immediate cash flow.
Get up to 80% of your Debtors Ledger in Cash now.
I place a great deal of emphasis on small to medium businesses and sole-proprietorship and believe that by providing affordable quality Invoice Factoring Solutions, it will help grow their business and prosper and in turn, help our local economy grow and prosper as well.
More Funding potential than bank overdraft Facilities
Factoring Facilities adjust as your business grows.
Paying suppliers ontime or early means you can negotiate or take advantage of prompt payment discounts or avoid late payment penalties.
- Phone
- 0800466231
- Address
- 47 Botany Road,
- Categories
- Financial services