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Invoice Discounting - manufacturing and wholesale
At Bank of Melbourne, we understand the pressures manufacturing & wholesale businesses face. At any one time, you may have a large amount of money tied up in unpaid invoices.
Invoice Discounting is a solution that may help unlock this money so that you can have access to funds when you need it.
Invoice Discounting is a solution that may help unlock this money so that you can have access to funds when you need it.
Invoice Discounting for manufacturing and wholesale businesses
Like all small businesses, we were constrained with working capital, we had more sales than we knew how to fund. Our biggest asset on our books was our debtor book. The way to tap into that was Invoice Discounting so that gave us the funds that we needed to use to keep on growing and growing the way we have."
Anthony Robertson, CFO of PharmaCare Laboratories
The Detail
Invoice Discounting and Invoice Discounting Plus Facilities are provided by St.George – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.