Invoice Discounting Plus
You could reduce your business borrowings, increase your purchasing power, and take advantage of supplier discounts!
That’s the power of Invoice Discounting Plus.
It is designed for well established companies who sell to other businesses on credit terms, and hold significant levels of stock on their balance sheets.
Invoice Discounting Plus provides all the benefits of Invoice Discounting, but adds the capacity to maximise borrowings by providing advances against approved stock:
- Access up to 85% of the value of approved debtors
- Access up to 60% of the value of approved stock.
It is suitable for wholesalers and manufacturers with borrowing requirements in excess of $1m.
Invoice Discounting and Invoice Discounting Plus Facilities are provided by St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.