Bank of Melbourne Cashflow Finance lets you access the money tied up in your outstanding invoices and with approval, your Stock and Plant & Equipment, without the need for bricks and mortar security. It gives you the power to control your working capital so you no longer have to ride the peaks and troughs of irregular cashflow.
It's an outstanding way to fund business growth, develop new products or services, make acquisitions or complete business succession plans.
Because the amount you can borrow with Bank of Melbourne Cashflow Finance is determined by your business assets rather than the value of your property security, your access to working capital increases as you grow your business.
There are two main types of Cashflow Finance:
1. Invoice Discounting and Invoice Discounting Plus Facilities are provided by Bank of Melbourne – A Division of Westpac Banking Corporation | ABN 33 007 457 141 AFSL 233714 Australian credit licence 233714.