Invoice financing alternatives in wake of credit squeezeMay 21 2019 in Invoice Factoring
Small businesses say they need loans. Banks say loan demand is slowing down and regulators are making lending standards tougher. What’s the fix?
For small business owners, raising capital has never been tougher than it is today. Banks have tightened credit to small businesses and in the wake of the Royal Commission’s investigations into misconduct in the banking and financial services industry, the banks are overly cautious about their lending practices, with the regulators saying that it is affecting their decisions in giving loans to small businesses.
The financial analysts warn, as banks tighten up lending standards, credit is harder to get. Which is worse for the economy and could lead to a credit crunch.
The important thing to keep in mind, as you prepare for what will be one of the biggest hurdles for small businesses in the event of another credit crunch, is that a painful and significant slowdown in small business financing would be the flow on effect.
How do small businesses obtain external financing?
As small businesses feel the credit crunch, they are opting for alternative ways to fund their growth. Most of the time, just simply to pay their bills.
A business that offers credit terms to their customers will complete jobs and then get paid at a point of time in the future. According to the case studies, it may take up to 90 days to see any money from work that has been completed. This means that these businesses have to come up with operating capital to pay wages and for materials that were necessary to do the work, out of their own resources. For a small business, this can be very draining.
This is why more and more firms are turning to invoice finance to help meet their cash flow, funding and growth challenges.
Could Invoice finance be your answer?
Invoice financing helps small businesses receive funds for work they had already completed ahead of time and not to rely on banks. Invoice financing is quickly becoming the go-to method in many industries – labour hire, transport warehousing, wholesale to name a few.
Basically, invoice finance is a way of accessing the funds tied up in your outstanding invoices as soon as they are raised, rather than waiting weeks or perhaps months for customers to pay.
Why BCashflow Positive is in the best position to help?
BCashflow Positive is a leading Australian invoice financing company with 30 years’ experience with the knowledge to help you make your financial decisions with confidence.
We will assign you with a specialist who can answer all of your questions and guide you through the process from set up to operational.
How to get started?
At BCashflow-Positive we make this incredibly easy for you. Our online application is simple, and it only takes 3 minutes to complete. We assess and provide an answer on all applications in as little as 48 hours from receipt of a completed application and supporting documents. Going forward, you provide us with copies of your invoices, and we will fund up to 90% – in as little as 4 hours, with the remaining balance released when your clients settle in full.
For more information on invoice financing with BCashflow-Positive, call us on 1300 937 292, or fill out our quick contact form and we will be in touch shortly.
Businesses should explore invoice financing as a credit crunch loomOct 26 2018 in Business Cash Flow, Invoice Factoring
Are you a small business owner? You’re probably facing a credit crunch as banking regulations have tightened due to the Royal Commission’s highly legalistic interpretation of responsible lending laws.
According to the Financial Review (Sep 2018), The Australian Prudential Regulation Authority is forcing banks to apply tougher tests on borrowers’ income and expenses, also delaying the time it takes for loans to be approved.
Mark McKenzie, chief executive of the Australian Convenience and Petroleum Marketers Association said to the Financial Review “Loan-to-valuation ratios (LVR) offered by banks to small firms in his sector has been slashed in half. About a year ago, small service station operators could attain an LVR of up to 75 percent. At the moment no one can get an LVR over 30 percent.”
That being said, small business owners need to look at alternative financing options to sustain their cash flow.
Why explore invoice financing?
Invoice financing, also known as invoice factoring, allows business owners to finance outstanding invoices. BCashflow Positive invoice financing advances you immediate cash collateralised by your unpaid invoices. It’s a great way to ensure you can still be on top of your operating expenses when your customers are slow in paying their invoices.
Invoice financing is also a great way to boost working capital when your company is experiencing rapid growth.
BCashflow Positive invoice financing
Applying for invoice financing with BCashflow Positive is simple and fast. Our online application takes 3 minutes to complete and an approval can be provided in as quick as 24 hours.
How invoice financing works?
Accessing funds from your unpaid invoices is as easy as 1 2 3:
1. Send us copies of invoices you wish to draw funds against.
2. Up to 90% of the invoice value is credited to your account in as quick as 4 hours.
3. The remaining 10%, less any accrued fees, is transferred to you when your customer pays us.
For more information on invoice financing with BCashflow Positive, call us at 1300 937 292, or fill out our quick contact form and we will be in touch shortly.
Scale your business by factoring your accounts receivableSep 25 2018 in Business Cash Flow, Invoice Factoring
Are your clients taking up to 90 days to pay invoices and it is affecting your cash flow?
Factoring your accounts receivable can be a great solution to cover the gap of slow payments. It can also save you time as factoring companies like BCashflow Positive will also assist with the follow up of outstanding factored accounts.
As a business, any strategy you can incorporate to enable you to focus more on growing your business, is invaluable.
How does accounts receivable factoring work?
Accounts receivable factoring is an easy process and a fast way to get your invoices paid immediately. Here’s how it works with BCashflow Positive:
1. Invoice your clients for services or work completed and send BCashflow Positive copies of invoices you want funded.
2. BCashflow Positive will credit your account with up to 90% of the invoice value in as quick as 4 hours.
3. Once your client pays the invoice in full to BCashflow Positive, we will credit the remaining 10% to your account, less any accrued fees.
Advantages of accounts receivable factoring
Expanding your business is much easier with the available cash provided by accounts receivable factoring. You can add on more equipment or staff, implement new marketing strategies, or introduce new products.
You can also take advantage of supplier discounts by paying early, or get on top of your ATO obligations.
Why accounts receivable factoring with BCashflow Positive?
BCashflow positive is a leading Australian factoring company with over 28 years’ experience and offices nationwide. Other key benefits include:
· Fast approvals: Within 24 to 48 hours.
· Flexible funding: You can choose what invoices you would like funded.
· Transparent Fees: Use our online calculator to work out exactly how much funding you can get and how much it is going to cost.
· Industry Experience: We provide flexible cash flow solutions to a wide range of industries.
For more information on accounts receivable factoring with BCashflow Positive, call us at 1300 937 292, or fill out our quick contact form and we will be in touch shortly.
Debt Factoring – A great alternative finance optionJun 27 2018 in Invoice Factoring
Poor cash flow can pose significant challenges for any business. BCashflow Positive’s debt factoring can improve your business cash flow by injecting immediate cash into your business. It is a great alternative finance option for businesses needing additional working capital to finance growth and to keep on top of operating expenses.
Australia’s demand for alternative finance continues to rise
According to a study conducted by KPMG, Australia’s alternative finance market has grown to be the second largest in the Asia Pacific just behind China.
Invoice trading is also known as debt factoring in Australia was up by 24 per cent to US$129.91m in 2016.
What is debt factoring?
Debt factoring allows your business to finance your sales invoices instead of waiting up to 90 days for your clients to pay. The factoring company pays you a portion of the total amount owed on your invoices allowing you to instantly improve your cash flow.
How does debt factoring work with BCashflow Positive?
Convert your invoices into cash in three very simple steps:
1. Send us copies of invoices you would like us to fund.
2. We will verify your invoices for accuracy and transfer up to 90 of the invoice value to your nominated bank account within 4 hours.
3. Receive the remaining 10% less any fees accrued when your customer pays us.
What are the benefits of debt factoring with BCashflow Positive?
With Banks tightening their credit policies, debt factoring with BCashflow Positive can be a flexible alternative finance option. There is no property security required, no quarterly audits, fast approval within 48 hours, and funding can occur in as quick as 4 hours.
Debt factoring can help your business cover the gap of slow payments from clients, finance growth by improving cash flow and working capital and keep on top of ongoing expenses like wages and ATO obligations.
How much does debt factoring cost?
At BCashflow Positive, we pride ourselves on having a transparent fee structure. We are completely upfront about our fees from the very beginning, ensuring there are no surprises. Our fee is 1.8% for the first 30 days and then 0.06% for each day after that, for up to 90 days. Give our fee & funding calculator a try now.
Improve your business cash flow with debt factoring today
Call us on 1300 937 292 or fill out our quick contact form and we will be in touch in 1 hour.
Australian Factoring Company – Funding You Faster With Electronic DocumentsMay 04 2018 in Invoice Factoring
For years now, our aim here at BCashflow Positive has been to support local Australian businesses by helping them to access cash flow ahead of time. This has allowed our customers to seize opportunities and grow at rates they would otherwise be unable to achieve. As a leading Australian factoring company we are constantly looking at ways to get funds to our customers faster. A thorn in our side has been the slow set up and settlement process, mainly caused by postal delays. Well, not anymore.
Australian Factoring Company – Using DocuSign to speed up our processes
We have taken a bold move to adopt new digital documents, which has allowed us to help serve our clients faster than ever before. By utilising DocuSign technology, we can fast-track the entire document setup and settlement process. Instead of taking up to 10 days, we can now complete settlement in as little as 48 hours. But how exactly? The typical setup and settlement process previously starts with us drawing up the necessary documents and then posting them to our clients. With standard delivery times and possible delays, we find this can take between 3 and 5 days. The client then needs to read, approve, sign and return the documents. Again, this adds an extra 3 to 5 days to the process. However, by using DocuSign, we can immediately send the necessary documents to our clients online. Then, once they have approved them, they can electronically sign them and send them back to us. By removing the entire delivery process, the only thing standing in the way of our clients and their funds is the time it takes for our solicitors to draw up the documents and for the client to read them.
How safe is DocuSign?
Protecting sensitive data and meeting strict industry regulations is of the utmost importance to us. We would never want sensitive information to fall into the wrong hands and have always taken suitable steps to mitigate any such risks. In fact, by adopting DocuSign technology, we are able to make our processes even safer. Here’s how: Whenever a document is sent through DocuSign, they ensure that all data contained is fully encrypted. In fact, they are able to meet the very strictest regulations by utilising the best data encryption technology that is currently available. What this means is that using DocuSign to transfer and sign files is far safer than sending them the old-fashioned way. Human error and chances of documents going missing are reduced. Instead, they are only ever shared between our company and the clients we work with. This allows us to ensure complete client confidentiality and give total peace of mind.
How does a factoring company work exactly?
If working with an Australian factoring company is something you have been considering, then here is how the process works with BCashflow Positive.
- Simply invoice your clients as usual and send us copies of invoices you would like funded.
- We will credit your account with up to 90% of the invoice value in as quick as 4 hours.
- The remaining 10% is made available once your client pays us.
The benefits of working with Australia’s leading factoring company
By choosing to work with a reliable Australian factoring company, businesses can access a whole host of benefits, including the following:
- Gaining access to invoice funds in as little as 4 hours.
- An incredibly fast 48 hours approval process
- Fast account set up and settlement process.
- Having access to key decision makers.
- Being able to cover the gap of slow payments.
- No need for property security or quarterly audits.
- Having the freedom to choose which invoices you want funded.
Get started today
As mentioned, our primary mission is to help support an increasing number of Australian business owners in their attempts to scale and grow their companies. To do so, we offer a swift and easy way of accessing funds, which is now more secure than what is being offered by our competitors. Better yet, getting started is very easy. Simply contact our team and explain your needs. Then, we can see if we are the right fit for you and get the process moving. We will also be happy to answer any other questions you might have.
Have you considered factor finance to get on top of BAS payments?Apr 10 2018 in Invoice Factoring
As a business registered for GST, you will need to submit a business activity statement (BAS) to the Australian Tax Office every quarter. The next BAS is due on 28-April-2018. When this time comes, many businesses can worry about whether they will have the finances to pay for their BAS. BAS includes GST, pay as you go (PAYG) instalments and other taxes, and if you don’t have the money put aside for BAS when the time comes, it can give you and your business a headache. This time can often put a strain on your business – but it doesn’t need to. If you have a good factoring company behind you to provide your business with factor finance, you can take away a lot of the stress at BAS time.
How does factor finance work?
Factor finance allows a business to get a percentage of their sales invoices paid to them immediately, instead of waiting up to 90 days for their customers to pay. At BCashflow Positive getting paid for your invoices can be done in 3 simple steps:
- Invoice your customer for goods fully delivered and services fully completed, and send BCashflow Positive a copy.
- BCashflow Positive will verify the invoice with your customer before releasing up to 90% of the invoice value in as quick as 4 hours.
- The remaining 10% of the invoice value is transferred to you once your customer pays, less any accrued fees.
How much does factor finance cost?
The price of factor finance varies between different factoring companies. For us, we charge 1.8% for the first 30 days, and then 0.06% per day thereafter for up to 90 days. We are transparent about fees from the start. Give our fee and funding calculator a go and see how much funding you can get and exactly how much it is going to cost.
Benefits of BCashflow Positive factor finance
Factor finance can have many benefits, mainly to get faster cash into your bank account. You can use the money to buy more products, expand your business, or to get on top of your BAS payments. Unlike with traditional bank finance, the approvals process for factor finance can be as quick as 24 hours, allowing you to capitalise on opportunities more quickly. Factor finance may also be a good option when you are unable to qualify for traditional bank finance due to a limited trading history, or lack of personal assets. Factor finance focuses more on the strength and spread of your ledger as opposed to director’s asset backing or business assets. Funding is also more align with your business growth and the more sales you make the more cash you can get. Another one of the many benefits of factor finance is that it takes away the stress of having to chase your customers to pay their invoices on time – BCashflow Positive will follow up payments with your customers on your behalf as part of our service. This can drastically cut down on your administrative costs while also saving you and your business money.
Who does BCashflow Positive factor finance suit?
BCashflow Positive factor finance is great for SMEs with a high level of customers on accounts where payments of invoices can take as long as 90 days. Industries that widely use factor finance includes recruitment and labour hire, manufacturing and wholesale, IT and business services, earthmoving and mining, and transport and logistics. If you are looking for additional working capital to grow your business, or simply want to close the gap of slow payments so you can get on top of BAS commitments – give us a call on 1300 937 292.
Pros And Cons Of Factoring FinanceFeb 01 2018 in Invoice Factoring
Are you suffering from cash flow problems? Many successful businesses still face periods when their outgoings and income aren’t quite in sync. Over time, the imbalance usually sorts itself out, but on a week-by-week, month-by-month basis, a late invoice, unexpected bill or a need to buy additional materials can see your bank balance plummet.
If you’re worried about meeting day-to-day expenses such as wages, material purchases and vehicle overheads, factoring finance could be a solution. Providing you with an advance on invoices owed, factoring finance provides a rapid cash injection that can tide you over until your cash flow is on a more secure footing.
The advantages of factoring finance
For many businesses, factoring finance is ideal as a short-term borrowing measure. The process doesn’t require a complicated application process and isn’t dependent on standard indicators of business worth such as asset value. You keep control of which invoices you wish to factor and your relationship with your customers remains unaffected.
Quick to organise, your money can often be paid into your bank account within 24 hours – an excellent idea if you’ve got urgent expenses to meet which really can’t wait. The length of time you can borrow for varies from a few days to a few months. The shorter the borrowing period, the less interest you pay.
Factoring finance gives you flexibility – you can choose which invoices and clients you want to draw funds from. Another benefit is that the process has no effect on your customers – they pay in the same way and the only difference is that they pay us for your invoices rather than you.
If you are a business that tends to have a number of outstanding invoices at any one time, factoring finance could work really well for you.
Are there any problems with factoring finance?
If you haven’t used factoring before, it is wise to do your research to determine whether factoring finance is right for you. There may be hidden costs and terms depending on which company you partner with.
How much does factoring finance cost?
BCashflow Positive is transparent about our fees so there are no surprises. We charge 1.8% for the first 30 days and 0.06% daily thereafter for up to 90 days. To find out how much funding you can get and how much it is going to cost, give our pricing calculator a go now.
Who should you turn to for factoring finance?
BCashflow Positive has more than two decades of experience in providing clients with easy and fast access to the cash they need. We make the lending decisions, so there are no middlemen involved – you work directly with us.
Our aim is always to make business lending as accessible, straight-forward and fast as possible, offering transparent, cost-effective lending options to many different types of company. From mining to manufacturing, recruitment, services industries, hospitality concerns and more, if you need business cash quickly, factoring finance from BCashflow Positive could be what you’re looking for.
Call 1300 937 292 to speak to a factoring finance expert today.
Nothing Costs NothingOct 03 2017 in Invoice Factoring
If you’ve had your eye on the factoring industry, you might have noticed that there are now some companies out there claiming to offer free debtor insurance. Although on the surface, this might seem like the perfect solution for your cash flow problems, it’s worth remembering that there are some things that are just too good to be true. As Terry Benedict said in one of our favourite scenes in Ocean’s Twelve, “Nothing? Who do you think you are dealing with? Nothing costs nothing!”. In the world of finance, it is critical to read the fine print before diving in.
Read the fine print
It’s well worth educating yourself, then, on exactly what debtor insurance is and the advantages and disadvantages of debtor insurance. Debtor insurance is also known as credit risk insurance and is designed to protect businesses from the risk of late payment or non-payment from their customers.
Debtor insurance comes in different formats, but the common factor is that it covers risks which must be considered within the control of the buyer rather than the business. Examples of such risks might be buyer bankruptcy or inability to pay, pre-credit risk, customers refusing to pay up (protracted payment), or the buyer refusing or being unable to take delivery of the goods they have ordered. Whether your insurance policy covers some or all of these risks will depend on the specifications of your particular contract, so it’s important to read the policies of the company you choose very carefully.
Indeed, there are often crucial parts of the terms and conditions of any contract that will reveal definite disadvantages when it comes to choosing a particular debtor insurance product. Often, only certain types or groups of customers will be covered in regards to commercial risk factors. This means that businesses can end up losing out significantly, and find themselves in a situation where the insurance they have purchased doesn’t even cover the losses suffered. Examples of such accounts that might not be covered include foreign customers or those in complex financial situations.
There are also a variety of other complications that might come with debtor insurance including the requirement to provide detailed customer reports to meet specific conditions of the insurance company. This is before you consider unexpected legal costs that might suddenly materialise when it comes to making a claim. So you might want to think twice about taking up factoring with a company that offers free debtor insurance, unless you know exactly what you are covered for and whether you will be out of pocket in the end.
Reliable factoring company with transparent fees
With BCashflow Positive, none of the complexity above will apply, as we don’t claim to offer free debtor insurance nor do we believe our clients need it. Our 27 years factoring experience will ensure your business is in good hands. We are also completely transparent in regard to fees, so there won’t be any nasty surprises later on. Give our pricing calculator a go to work out how much funding your business can get and how much it is going to cost up front.
How does a factoring company work?
Don’t wait up to 90 days for your customers to pay. Partner up with a factoring company and improve your cash flow by converting your sales invoices into cash. Getting paid within 24 hours is as easy as 1 2 3
- Invoice your client and send us a copy
- We advance you with up to 80% of the invoice value
- The remaining 20% is credited to you once your client pays us, less any accrued fees.
Partnering up with a factoring company today by calling 1300 937 292 now!
Image Source:“Ocean’s Eleven” Seen here from left, Andy Garcia (as Terry Benedict) and Matt Damon (as Linus Caldwell). Screen capture. Copyright © 2001 Warner Bros. Credit: © 2001 Warner Bros. / Courtesy: Pyxurz
Get On Top Of ATO Bills With Invoice FactoringSep 26 2017 in Invoice Factoring
One of the most challenging things about owning a small or medium business is finance administration. You’ve done the work, you’ve sent the invoice, but you then have to wait for the invoice to be paid. Many companies can only afford to take on more work, pay their employees, or get on top of their ATO bills when they have payments coming in. And just when they think they are on top of it, their BAS is due again.
To overcome these challenges, many businesses are using invoice factoring. Invoice factoring allows Australian businesses to have a more constant cash flow by releasing the cash tied up in their sales invoices, in as quick as 24 hours. It is also an excellent option for keeping ATO bills at bay.
How does invoice factoring work?
1) Invoice your clients for work fully completed or goods delivered
2) Send BCashflow Positive a copy
3) BCashflow Positive credits your account with up to 90% of the invoice value in as quick as 24 hours
4) Receive the remaining 10% when your customer pays us less any accrued fees
Below are the key reasons that every small and medium business should explore invoice factoring with BCashflow Positive.
Invoice factoring is fast. Instead of waiting up to 90 days to get paid by your clients, BCashflow Positive can fund your invoices in as quick as 24 hours. Approval is provided within 48 hours, not weeks like the Banks. Our online pre-approval form only takes 3 minutes to complete.
You can pick and choose what invoices you want to release cash flow from. There is no property security or quarterly audits required.
3. Transparent fees
At BCashflow Positive we believe in transparency from the very start, so there are no surprises. Our fees are fully disclosed on our website. Give our calculator a try to work out how much funding you can get, and how much it is going to cost.
4. Improve working capital
By factoring your invoices you can boost your working capital and improve your cash flow, allowing you to take on more business, meet your operating expenses and keep the taxman at bay. BCashflow Positive can take the stress out of BAS payments by crediting your account with up to 90% of the invoice value, allowing you to get on top of your ATO bills.
5. Cover the gap of slow payments and grow your business
Reduce the pressure of performing work and having to wait for your clients to pay before starting another contract. By factoring your invoices with BCashflow Positive you can take on more jobs and grow your business.
Pay your ATO bills today
BCashflow Positive has been providing cash flow solutions to Australian businesses for 27 years, and pride in our ability to deliver fast payments so you can meet your operating expenses and ATO obligations. Call 1300 937 292 and we’ll be happy to help.
Invoice Factoring – A Flexible Funding AlternativeApr 24 2017 in Invoice Factoring
Is your business struggling due to cash flow issues? Look to invoice factoring as a way to instantly improve your cash flow.
What is invoice factoring?
Invoice factoring can immediately inject cash into your business by advancing funds against your accounts receivable. It is the perfect solution for any cash flow shortfall your business might have, as it allows you to pay your bills by releasing cash from your sale invoices instead of waiting for your clients to pay.
How invoice factoring works at BCashflow Positive
Rather than waiting up to 90 days for your clients to pay, with BCashflow Positive’s invoice factoring you can be paid within 24 hours. It is as easy as 1 2 3:
- Invoice your clients and send BCashflow Positive a copy.
- We will advance you with up to 80% of the invoice value in as quick as 24 hours.
- You will receive the remaining 20% less any accrued charges once your client pays.
Invoice factoring can cover the gap of slow payments
Sometimes, if you have done the work for a customer – which might have left you with out of pocket expenses to pay such as wages and materials – it can be quite stressful having to wait up to 3 months for payments. This is where factoring invoices can cover the gap and you can get paid in as quick as 24 hours.
Why BCashflow Positive?
We are an invoice factoring company that pride ourselves on providing fast and flexible financial solutions. Our online application takes 3 minutes to complete and we provide a fast response within 48 hours of receiving your application. We don’t require property security or quarterly audits and you can choose what invoices need funding. We are also transparent about fees, so you will know how much to pay up front. Give our online calculator a try now.
If you can’t afford to wait 90 days for your invoices to be paid, you can boost your cash flow now with help from us at BCashflow Positive. With over 27 years experience your business is in safe hands.
Click here to learn more, or call 1300 937 292 to speak to a cash flow expert today.
Accounts Receivable Factoring – Case StudyOct 01 2016 in Invoice Factoring
Location: Parramatta, Sydney
Annual Turnover: $2,000,000
Accounts Receivable Factoring Limit: $300,000
Prestige Recruitment Pty Ltd was a startup corporate recruitment agency servicing candidates and clients nationally. With over 45 years of recruitment experience, the company although new, was experiencing rapid growth.
Prestige Recruitment was looking at accounts receivable factoring to support their growth. They had a growing ledger but weren’t getting paid quick enough to maintain a constant cash flow.
Due to their limited trading history, they weren’t able to secure an overdraft or a business loan from their Bank. As a result the company was also struggling to pay wages and couldn’t take on additional contracts due to poor cash flow.
Accounts receivable factoring – a flexible business funding solution
BCashflow Positive was able to provide immediate funding to Prestige Recruitment by releasing the cash tied up in their unpaid invoices using accounts receivable factoring. Up to 80% of the invoice face value is made available in as quick as 24 hours, and the remaining 20% is released as soon as their client pays. Here’s how it works.
Benefits of accounts receivable factoring
With the use of our accounts receivable factoring, Prestige Recruitment is able to pay their staff on time and take on more business with the confidence of knowing they have access to immediate cash flow.
BCashflow Positve’s accounts receivable factoring is also flexible requiring no property security or quarterly audits.
Why BCashflow Positive accounts receivable factoring?
Unlike traditional lenders who tend to be restrictive, BCashflow Positive is not reliant on bricks and mortar security. We are more driven to finance business growth through the strength of your debtors. Within 6 months of setting up Prestige Recruitment’s facility, BCashflow Positive was able to increase their limit to support the continued growth.
At BCashflow Positive we pride ourselves on providing flexible accounts receivable factoring solutions to our clients. With a nationwide presence and offices in Sydney, Melbourne and Perth, you will be dealing with our friendly and experienced team. Click here to learn more about us.
Call us on 1300 937 292 to finance growth by converting your invoices into cash.