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Business Finance > Bendigo Cashflow Finance Solutions |
To find out more about Bendigo Bank, click here to access our Financial Services Guide (FSG). You must review the FSG before accessing information on this website.
Bendigo Cashflow Finance Solutions
Why wait weeks, or even months, for your outstanding invoices to turn into money in the bank? Bendigo Cashflow Finance Solutions gives you the cash you need to fund your business growth now – not later.
How does it work? Bendigo Bank helps you convert sales into cash flow by buying your approved trade invoices from you. We then pay you up to 80% of the total invoice value, usually within 24 hours.
Then, when the invoice is paid, you receive the remaining 20% less a small fee.
Benefits
Bendigo Cashflow Finance is the simplest and easiest way to:
- Fund business growth
- Repay or reduce your overdraft
- Fund new acquisitions
- Meet the demands of season peaks in turnover
| Features |
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| Eligibility |
A public or private company
Annual turnover $1 million plus
Selling goods or services on credit terms
Debtors are well spread |
| Minimum Terms |
12 Months |
| Repayment Options |
No Fixed Repayments. Debt is reduced by debtor payments |
| Credit Limit |
Based on business sales, not mortgage based fixed asset lending |
| Fees |
Establishment, invoice acceptance and application fee apply
No account keeping fees or line service fee
Other fees and changes may apply |
| Security |
Registered Mortgage Debenture
Director's Guarantee and Indemnity
Assignment of Debt
No real estate required as security |
Where to from here
A member of our experienced Cashflow Finance team will work with you to deliver a solution to suit your needs, providing you with access to what is effectively a revolving line of credit that grows with your business. Plus, it works with any existing Bendigo Bank accounts. To get in touch with your nearest Bendigo business banker call into your local branch or phone 1300 366 666. |
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