You could reduce your business borrowings, lift your borrowing power and increase your purchasing power, and usually within 24 hours of receipt of the invoice data.
That’s the power of Invoice Discounting.
It is for businesses who wish to access the money tied up in their invoices, but who wish to collect their invoice payments and manage and maintain their own debtors ledger.
It is designed for well-established companies who sell to other businesses on credit terms and who have expertise in managing and maintaining their debtors ledger.
You can get access to up to 85 per cent of your approved invoice value within 24 hours(on business days) using "Cashflow Connect" - a secure internet service provided by St.George Bank.
It is suitable for a large number of industries.
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.