What is Inventory Finance 

Inventory Finance provides businesses with finance for the acquisition of stock for manufacturing or resale to their customers.
What makes inventory finance unique is that the stock to be financed does not have to be pre-sold, invoiced and delivered as in the case of factoring. Additionally, inventory finance clients are not required to provide real estate security.

Who is eligible to apply 

To be eligible, your business must be profitable, well established, have current financials and annual sales turnover of $3m or more. Eligible clients include manufacturers, wholesalers and retailers who purchase stock from Australian or overseas suppliers. Finance is available for most new stock, ranging from raw materials and work in progress to finished goods.

What we offer to approved clients 

• A revolving line of credit with facility limits ranging from $400,000 to $3.0m.
• Individual draw downs from $100,000 and for terms ranging from 30 to 120 days.
• Funding is available inclusive of freight, customs and import duties and custom agent fees, where suitably invoiced.
• Additional term extensions are available to match the repayment to your needs on slower moving stock.
• The ability to finance all types of stock, ranging from raw materials to finished goods.
• No repayments until the conclusion of your nominated term.
• Clear and transparent pricing, with no annual line fees, account keeping fees or audit fees.
• Simple credit criteria and quick approvals.
• A team of dedicated Client Managers

Benefits 

Grow Your Business and Profits
Start planning for greater growth and flexibility to expand your business, without the reliance on equity in property or restrictive traditional finance facilities.

Improve Your Working Capital
Have the flexibility to purchase stock and make repayments that match your cash flows, with certainty of payment dates and cost.

Expand Your Customer Base
Accept orders from new customers and stop missing out on profitable sales and orders because of the short term need to exceed your available working capital and traditional funding lines.

Accept Seasonal Orders
Smooth out your cash flow, eliminating the impact of peak seasonal needs.

Increase Your Purchasing Power
Harness the additional purchasing power of Inventory Finance and let your business achieve its potential.

Bulk Discounts
Obtain bulk discounts on wholesale purchases from your suppliers, by ordering in larger quantities.

Utilise Extended Payment Terms
Take advantage of our extensions on seasonal purchases and display stock.

Pay When Sold
Have immediate title to your stock and pay for it in line with your normal inventory turnover.

How It Works 

To apply, simply complete the online application form and we will call you to arrange a meeting at your business, at a time convenient to you, anywhere in Australia.

In order to understand how inventory finance will profit your business, we will endeavour to gain an overall understanding of your business. More specifically, we will discuss with you the stock purchases for which you require the finance, in order to determine the net benefit to you.

Once approved, you will be provided with an evergreen line of credit facility. When the facility is in place, you are free to make draw downs to pay your supplier's invoices as and when you require, up to your approved credit limit.

To make a payment to a supplier's account and receive your stock, you simply complete a one page Drawdown Request and provide us with your supplier's invoice. We will then make the payment direct to your supplier's account.

You have immediate title to your stock, and are free to transact on it as you wish. The full repayment including any charges due is made at the end of your nominated term. With terms ranging from 30 to 120 days, and extensions available, we have a facility that suits your business needs.